ServiceTitan (TTAN) Byron Deeter — Bessemer Funds Sell Shares

What Happened
Byron Deeter (listed as a 10% owner; partner at Bessemer Venture Partners) reported sales by Bessemer-affiliated funds of ServiceTitan (TTAN) Class A shares on July 10 and July 13, 2026. The July 10 sales totaled 24,385 shares at a weighted average price of $78.18 (prices ranged $77.64–$78.53) for roughly $1.91M. The July 13 sales totaled 98,547 shares at a weighted average price of $80.17 (prices ranged $79.87–$80.38) for roughly $7.90M. Combined proceeds were about $9.81M. The Form 4 shows these sales were executed by Bessemer funds (BVP VIII, BVP VIII Inst, and 15 Angels II) — Deeter states an indirect, passive pecuniary interest and disclaims direct beneficial ownership.

Key Details

• Transaction types: Sales (S) by Bessemer funds on 2026-07-10 and 2026-07-13.
• Aggregate shares sold: 24,385 (7/10) + 98,547 (7/13) = 122,932 shares; aggregate proceeds ≈ $9.81M.
• Price details: 7/10 weighted avg $78.18 (range $77.64–$78.53); 7/13 weighted avg $80.17 (range $79.87–$80.38).
• Shares owned after transactions (per filing, by fund): BVP VIII 1,837,497; BVP VIII Inst 2,209,845; 15 Angels II 98,615 (combined ≈ 4,145,957 Class A shares).
• Awards/assignments: The filing also lists RSU awards (3,046 RSUs vesting 9/15/2027; 1,891 RSUs vesting 9/15/2026) and notes Deeter agreed to assign rights to Deer Management Co. LLC.
• Beneficial ownership: Per footnote, Deeter is a Bessemer partner with indirect interests and disclaims beneficial ownership except for any pecuniary interest.
• Timeliness: Form filed 2026-07-14; the filing reports the July 10 and July 13 trades and was filed within required business-day windows (not marked late).

Context
These sales were executed by venture-capital funds affiliated with Deeter rather than shown as direct personal open-market trades by the individual. Institutional fund sales reflect liquidity or portfolio management decisions by the funds and are not the same as an executive’s personal sale. The RSU entries are awards (A) and not sales; they vest in the future subject to continued service and have been assigned per the filing.