ServiceTitan (TTAN) — Byron Deeter (10% Owner) Sells Shares

What Happened
Byron Deeter, listed as a 10% owner and a partner at Bessemer Venture Partners, reported that Bessemer-related funds sold Class A shares of ServiceTitan (TTAN) on July 16 and July 17, 2026. According to the filing footnotes, Bessemer Venture Partners VIII L.P., Bessemer Venture Partners VIII Institutional L.P., and 15 Angels II LLC sold 80,309 shares on July 16 at a weighted average price of $78.46 (range $78.00–$79.00) — roughly $6.30M — and 79,691 shares on July 17 at a weighted average price of $76.06 (range $75.69–$76.53) — roughly $6.06M. Combined, the two days equal about 160,000 shares and ~$12.4M in proceeds. Deeter states he has an indirect, passive economic interest in the funds and disclaims direct beneficial ownership except to the extent of any pecuniary interest.

Key Details

• Transaction dates and prices: July 16, 2026 — 80,309 shares sold at weighted avg $78.46 (range $78.00–$79.00); July 17, 2026 — 79,691 shares sold at weighted avg $76.06 (range $75.69–$76.53).
• Estimated proceeds: ~ $6.30M (7/16) + ~$6.06M (7/17) ≈ $12.4M total.
• Reporter status: Deeter is a partner at Bessemer and reports an indirect, passive pecuniary interest in the shares held by the Bessemer Funds (he disclaims beneficial ownership except to that extent).
• Holdings note: The filing’s footnotes also state post-July-14/15 holdings for the funds (e.g., BVP VIII ~1.68M shares; BVP VIII Inst ~2.02M; 15 Angels ~90k).
• Awards and assignment: The filing discloses RSU awards (3,046 RSUs vesting 9/15/2027; 1,891 RSUs vesting 9/15/2026) and that Deeter agreed to assign rights to any RSUs or resulting stock/proceeds to Deer Management Co. LLC.
• Filing timeliness: Report period covers July 16–17 trades; Form 4 was filed July 20, 2026 — within the standard reporting window.

Context
These sales were executed by Bessemer-affiliated funds, not shown as an individual open-market sale by Deeter himself; institutional fund dispositions are common and do not necessarily reflect the personal trading intent of the named reporting person. Purchases by insiders typically carry clearer signaling value than routine fund or secondary sales. The footnotes commit to provide transaction-level price detail on request.