Deeter Byron B 4
4 · ServiceTitan, Inc. · Filed Jul 10, 2026
Research Summary
AI-generated summary of this filing
ServiceTitan (TTAN) 10% Owner Byron Deeter Sells Shares
What Happened
- Deeter Byron B (reported as a 10% owner; a partner at Bessemer Venture Partners) reported sales of ServiceTitan (TTAN) Class A common stock executed by affiliated Bessemer funds. The Form 4 shows the reporting person with 0 direct disposals because the trades were made by the funds in which he has an indirect, passive economic interest.
- On July 8, 2026 the Bessemer funds sold a combined 45,809 shares at a weighted average price of $78.24 (price range $78.00–$79.00), generating roughly $3.58M. On July 9, 2026 they sold a combined 94,180 shares at a weighted average price of $79.17 (price range $78.72–$79.58), generating roughly $7.46M. Total across both days: ~139,989 shares for ≈ $11.04M.
Key Details
- Transaction types: Open-market sales (Code S) on July 8 and July 9, 2026.
- Prices and ranges: July 8 weighted avg $78.24 (range $78.00–$79.00); July 9 weighted avg $79.17 (range $78.72–$79.58).
- Shares sold (by fund): July 8 — BVP VIII 20,302; BVP VIII Inst 24,416; 15 Angels II 1,091. July 9 — BVP VIII 41,739; BVP VIII Inst 50,198; 15 Angels II 2,243.
- Shares owned after trades (per filing): BVP VIII — 1,891,979; BVP VIII Inst — 2,275,368; 15 Angels II — 101,542.
- Reporting person’s interest: Deeter is a partner at Bessemer and disclaims direct beneficial ownership of the fund securities except for any pecuniary interest (Footnote F2).
- Related awards noted: the filing also lists RSU awards (3,046 RSUs vesting 9/15/2027 and 1,891 RSUs vesting 9/15/2026) and an assignment of rights to Deer Management Co. LLC (F4–F6).
- Filing timeliness: Form filed 7/10/2026 for transactions on 7/8 and 7/9 — appears timely (filed within the standard Form 4 reporting window).
Context
- These were institutional open-market sales by venture funds affiliated with the reporting person, not direct sales by an executive. Such secondary sales often represent fund liquidity or portfolio management rather than a personal view of the company’s outlook. The Bessemer funds still hold significant stakes in ServiceTitan after these trades.
Insider Transaction Report
Form 4
Deeter Byron B
Director10% Owner
Transactions
- Sale
Class A Common Stock
[F1][F2][F7]2026-07-08−0→ 0 total(indirect: See Footnotes) - Sale
Class A Common Stock
[F3][F2][F7]2026-07-09−0→ 0 total(indirect: See Footnotes)
Holdings
- 4,937
Class A Common Stock
[F4][F5][F6]
Footnotes (7)
- [F1]On July 8, 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 20,302 shares, 24,416 shares and 1,091 shares of Class A Common Stock of the Issuer, respectively. These shares were sold at a weighted average price of $78.24. These shares were sold in multiple transactions at prices ranging from $78.00 to $79.00. 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 9, 2026, BVP VIII, BVP VIII Inst and 15 Angels sold 41,739 shares, 50,198 shares and 2,243 shares of Class A Common Stock of the Issuer, respectively. These shares were sold at a weighted average price of $79.17. These shares were sold in multiple transactions at prices ranging from $78.72 to $79.58. 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]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.
- [F5]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
- [F6]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.
- [F7]After the July 8 and July 9 trades, BVP VIII, BVP VIII Inst and 15 Angels, own 1,891,979 shares, 2,275,368 shares, and 101,542 shares of Class A Common Stock, respectively.
Signature
/s/ Augie Wilkinson, Attorney-in-Fact|2026-07-10