John R. Rettig - Feb 28, 2025 Form 4 Insider Report for BILL Holdings, Inc. (BILL)

Role: CFO
Signature: /s/ Rajesh Aji, Attorney-in-Fact
Stock symbol: BILL
Transactions as of: Feb 28, 2025
Transactions value $: -$394,018
Form type: 4
Date filed: 3/4/2025, 09:23 PM
Previous filing: Dec 2, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BILL	Common Stock	Options Exercise		+17.3K	+24.63%		87.7K	Feb 28, 2025	Direct	F1
transaction	BILL	Common Stock	Options Exercise		+1.89K	+2.16%		89.6K	Feb 28, 2025	Direct	F2
transaction	BILL	Common Stock	Tax liability	-$394K	-7.14K	-7.97%	$55.20	82.4K	Feb 28, 2025	Direct	F3
holding	BILL	Common Stock						80.5K	Feb 28, 2025	See footnote	F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	BILL	Restricted Stock Unit	Options Exercise	$0	-1.11K	-33.32%	$0.00	2.23K	Feb 28, 2025	Common Stock	1.11K		Direct	F1, F5
transaction	BILL	Restricted Stock Unit	Options Exercise	$0	-2.19K	-25.01%	$0.00	6.56K	Feb 28, 2025	Common Stock	2.19K		Direct	F1, F6
transaction	BILL	Restricted Stock Unit	Options Exercise	$0	-4.29K	-14.29%	$0.00	25.7K	Feb 28, 2025	Common Stock	4.29K		Direct	F1, F7
transaction	BILL	Restricted Stock Unit	Options Exercise	$0	-2.61K	-9.09%	$0.00	26.1K	Feb 28, 2025	Common Stock	2.61K		Direct	F1, F8
transaction	BILL	Restricted Stock Unit	Options Exercise	$0	-7.12K	-6.67%	$0.00	99.7K	Feb 28, 2025	Common Stock	7.12K		Direct	F1, F9
transaction	BILL	Performance Stock Units	Options Exercise	$0	-1.89K	-33.33%	$0.00	3.79K	Feb 28, 2025	Common Stock	1.89K		Direct	F2, F10

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.
F2	Each Performance Stock Unit ("PSU") represents a conditional right to receive one share of the Issuer's Common Stock.
F3	Represents shares withheld to satisfy the tax withholding obligation in connection with the vesting of RSUs and PSUs.
F4	The shares are held by the Rettig Living Trust U/A DTD 12/02/2020, of which the Reporting Person and his spouse are co-trustees.
F5	The RSUs vest in 16 equal quarterly installments over four years, beginning November 28, 2021, subject to the continuing service of the Reporting Person on each vesting date.
F6	The RSUs vest in 16 equal quarterly installments over four years, beginning February 28, 2022, subject to the continuing service of the Reporting Person on each vesting date.
F7	The RSUs vest in 16 equal quarterly installments over four years, beginning November 28, 2022, subject to the continuing service of the Reporting Person on each vesting date.
F8	The RSUs vest in 16 equal quarterly installments over four years, beginning November 28, 2023, subject to the continuing service of the Reporting Person on each vesting date.
F9	The RSUs vest in 16 equal quarterly installments over four years, beginning November 28, 2024, subject to the continuing service of the Reporting Person on each vesting date.
F10	The PSUs vest over three years; 1/3rd vests on August 28, 2023, and thereafter the remaining 2/3rd will vest quarterly over two years, subject to the continuing service of the Reporting Person on each vesting date.