Rene A. Lacerte - May 28, 2025 Form 4 Insider Report for BILL Holdings, Inc. (BILL)

Role
CEO, Director
Signature
/s/ Rajesh Aji, Attorney-in-Fact
Stock symbol
BILL
Transactions as of
May 28, 2025
Transactions value $
-$507,962
Form type
4
Date filed
5/30/2025, 04:26 PM
Previous filing
Mar 4, 2025
Next filing
Aug 21, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Lacerte Rene A. CEO, Director C/O BILL HOLDINGS, INC., 6220 AMERICA CENTER DR., SUITE 100, SAN JOSE /s/ Rajesh Aji, Attorney-in-Fact 2025-05-30 0001795497

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BILL Common Stock Options Exercise +20.1K +62.47% 52.3K May 28, 2025 Direct F1, F2
transaction BILL Common Stock Options Exercise +2.37K +4.53% 54.7K May 28, 2025 Direct F3
transaction BILL Common Stock Tax liability -$508K -11.4K -20.89% $44.48 43.3K May 28, 2025 Direct F4
holding BILL Common Stock 1.71M May 28, 2025 See footnote F5
holding BILL Common Stock 135K May 28, 2025 See footnote F6
holding BILL Common Stock 135K May 28, 2025 See footnote F6
holding BILL Common Stock 184K May 28, 2025 See footnote F7
holding BILL Common Stock 184K May 28, 2025 See footnote F8
holding BILL Common Stock 205K May 28, 2025 See footnote F9
holding BILL Common Stock 115K May 28, 2025 See footnote F10

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 -2.79K -49.99% $0.00 2.79K May 28, 2025 Common Stock 2.79K Direct F1, F11
transaction BILL Restricted Stock Unit Options Exercise $0 -5.36K -16.67% $0.00 26.8K May 28, 2025 Common Stock 5.36K Direct F1, F12
transaction BILL Restricted Stock Unit Options Exercise $0 -3.66K -10% $0.00 32.9K May 28, 2025 Common Stock 3.66K Direct F1, F13
transaction BILL Restricted Stock Unit Options Exercise $0 -8.31K -7.14% $0.00 108K May 28, 2025 Common Stock 8.31K Direct F1, F14
transaction BILL Performance Stock Units Options Exercise $0 -2.37K -50% $0.00 2.37K May 28, 2025 Common Stock 2.37K Direct F3, F15
* 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 Includes 295 shares of the Issuer's Common Stock acquired under the Issuer's employee stock purchase plan on May 15, 2025.
F3 Each Performance Stock Unit ("PSU") represents a conditional right to receive one share of the Issuer's Common Stock.
F4 Represents shares withheld to satisfy tax withholding obligation in connection with the vesting of RSUs and PSUs.
F5 The shares are held by Chung Lacerte Trust U/A dated February 15, 2004, Rene A. Lacerte and Joyce A. Chung, Trustees.
F6 The shares are held by a family trust with Rene A. Lacerte and Joyce A. Chung, as Trustors, and Rene A. Lacerte, Joyce A. Chung, and Daniel C. Chung, as Trustees.
F7 The shares are held by a trust for which the Reporting Person and his spouse serve as trustees.
F8 The shares are held by an additional trust for which the Reporting Person and his spouse serve as trustees.
F9 The shares are held by the Makahakama Foundation.
F10 The shares are held by Makahakama Trust U/A dated February 15, 2004, Rene A. Lacerte and Joyce A. Chung, Trustees.
F11 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.
F12 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.
F13 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.
F14 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.
F15 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.