Deeter Byron B 4
4 · ServiceTitan, Inc. · Filed Jul 7, 2026
Research Summary
AI-generated summary of this filing
ServiceTitan (TTAN) 10% Owner Byron Deeter Sells Shares
What Happened
- Byron Deeter (listed as a 10% owner; partner at Bessemer Venture Partners) reported that Bessemer-affiliated funds sold shares of ServiceTitan (TTAN) in open-market transactions on July 2, July 6 and July 7, 2026. The funds sold a combined approximately 370,167 Class A shares at prices ranging roughly $76.53–$80.79. The weighted-average prices reported by day were $77.38 (7/2), $78.49 (7/6) and $80.45 (7/7), for aggregate proceeds of about $29.2 million.
- This filing reflects institutional fund sales by Bessemer funds in which Deeter has an indirect, passive economic interest; the reporting person disclaims direct beneficial ownership except to the extent of any pecuniary interest.
Key Details
- Transaction dates and weighted-average prices:
- July 2, 2026 — 133,088 shares sold at a weighted average of $77.38 (prices ranged $76.53–$77.49).
- July 6, 2026 — 71,075 shares sold at a weighted average of $78.49 (prices ranged $77.69–$78.60).
- July 7, 2026 — 166,004 shares sold at a weighted average of $80.45 (prices ranged $79.83–$80.79).
- Approximate total sold: 370,167 shares; approximate total proceeds: ~$29.2 million.
- Shares owned after the trades (by each Bessemer fund): BVP VIII — 1,954,020; BVP VIII Inst — 2,349,982; 15 Angels II — 104,876 (per footnote).
- Notable footnotes: F1–F4 disclose the per-day fund sales and price ranges; F2 explains Deeter’s indirect, passive interest and disclaimer of beneficial ownership; F7 notes assignment of any RSUs to Deer Management Co. LLC; F5–F6 describe RSU awards (vesting terms) included in the filing’s footnotes.
- Filing: reported on 2026-07-07 covering trades on 7/2, 7/6 and 7/7. (Form 4s are generally due within two business days of a transaction—investors may wish to note filing timing.)
Context
- These were institutional sales by Bessemer funds, not direct personal open-market sales by Deeter as an individual executive. The reporting person’s interest is indirect and passive, so this should be read as fund-level liquidity rather than a personal trading signal.
- Sales (S) are often routine for venture funds exiting positions; such transactions do not necessarily indicate management sentiment about the company’s near-term prospects.
Insider Transaction Report
Form 4
Deeter Byron B
Director10% Owner
Transactions
- Sale
Class A Common Stock
[F1][F2][F8]2026-07-02−0→ 0 total(indirect: See Footnotes) - Sale
Class A Common Stock
[F3][F2][F8]2026-07-06−0→ 0 total(indirect: See Footnotes) - Sale
Class A Common Stock
[F4][F2][F8]2026-07-07−0→ 0 total(indirect: See Footnotes)
Holdings
- 4,937
Class A Common Stock
[F5][F6][F7]
Footnotes (8)
- [F1]On July 2, 2026, Bessemer Venture Partners VIII L.P. ("BVP VIII"), Bessemer Venture Partners VIII Institutional L.P. ("BVP VIII Inst") and 15 Angels II LLC ("15 Angels" and together with BVP VIII and BVP VIII Inst, the "Bessemer Funds") sold 58,983 shares, 70,937 shares and 3,168 shares of Class A Common Stock of the Issuer, respectively. These shares were sold at a weighted average price of $77.38. These shares were sold in multiple transactions at prices ranging from $76.53 to $77.49. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- [F2]The Reporting Person is a partner at Bessemer Venture Partners and has an indirect, passive economic interest in the shares held by the Bessemer Funds by virtue of his interest in (1) Deer VIII & Co. L.P., the general partner of the Bessemer Funds and (2) certain other indirect limited partnership interests in certain of the Bessemer Funds. The Reporting Person disclaims beneficial ownership of the securities held by the Bessemer Funds, except to the extent of his pecuniary interest, if any, in such securities by virtue of his indirect interest in the Bessemer Funds. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities.
- [F3]On July 6, 2026, BVP VIII, BVP VIII Inst and 15 Angels sold 31,500 shares, 37,883 shares and 1,692 shares of Class A Common Stock of the Issuer, respectively. These shares were sold at a weighted average price of $78.49. These shares were sold in multiple transactions at prices ranging from $77.69 to $78.60. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- [F4]On July 7, 2026, BVP VIII, BVP VIII Inst and 15 Angels sold 73,572 shares, 88,481 shares and 3,951 shares of Class A Common Stock of the Issuer, respectively. These shares were sold at a weighted average price of $80.45. These shares were sold in multiple transactions at prices ranging from $79.83 to $80.79. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- [F5]Includes an award of 3,046 restricted stock units ("RSUs") granted pursuant to the Issuer's non-employee director compensation program. The RSUs will vest in full on September 15, 2027, subject to the Reporting Person's continued service on the Issuer's board of directors through such vesting date. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- [F6]Includes an award of 1,891 RSUs granted pursuant to the Issuer's non-employee director compensation program. The RSUs will vest in full on September 15, 2026, subject to the Reporting Person's continued service on the Issuer's board of directors through such vesting date. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock
- [F7]The Reporting Person has agreed to assign to Deer Management Co. LLC ("DMC") the right to any RSUs or Class A Common Stock issuable pursuant to these grants or any proceeds from the sale thereof.
- [F8]After the above reported Bessemer Funds trades, BVP VIII, BVP VIII Inst and 15 Angels, own 1,954,020 shares, 2,349,982 shares, and 104,876 shares of Class A Common Stock, respectively.
Signature
/s/ Augie Wilkinson, Attorney-in-Fact|2026-07-07