Deeter Byron B 4

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.