Deeter Byron B 4

What Happened

• Byron B. Deeter, a partner at Bessemer Venture Partners who reports an indirect, passive interest in certain Bessemer funds, filed a Form 4 disclosing sales of ServiceTitan (TTAN) Class A shares by the Bessemer funds. Footnotes show the funds sold a total of 160,640 shares across June 30 and July 1, 2026, for an aggregate proceeds of roughly $11.6 million (June 30: 93,728 shares at a $69.97 weighted average ≈ $6.56M; July 1: 66,912 shares at a $74.63 weighted average ≈ $4.99M). The reporting person states he disclaims beneficial ownership of those shares except for any pecuniary interest.

Key Details

• Transaction dates and price ranges:
  • June 30, 2026: Bessemer funds sold 93,728 shares at a weighted average $69.97 (range $69.70–$70.62).
  • July 1, 2026: Bessemer funds sold 66,912 shares at a weighted average $74.63 (range $74.45–$75.39).
• Total reported sold: 160,640 shares; estimated total proceeds ≈ $11.55M.
• Reporting person’s direct Form 4 shows 0 shares disposed (he has an indirect interest via Bessemer funds and expressly disclaims direct beneficial ownership — see footnote F2).
• Post-trade holdings (per filing for prior June 26/29 trades): BVP VIII owned 2,118,075 shares, BVP VIII Inst 2,547,283 shares, 15 Angels 113,687 shares (per footnote F7).
• No indication in the filing that the report was late.

Context

• These are institutional fund sales reported by a partner with an indirect interest, not direct executive trading; the filer disclaims beneficial ownership except for any pecuniary interest. Institutional sells often reflect portfolio/liquidity actions rather than insider views; the filing provides per‑price breakdowns on request.