Rene A. Lacerte - 21 Jul 2021 Form 4 Insider Report for Bill.com Holdings, Inc. (BILL)

Role: President and CEO, Director
Signature: /s/ Rajesh Aji, Attorney-in-Fact
Issuer symbol: BILL
Transactions as of: 21 Jul 2021
Net transactions value: -$4,742,615
Form type: 4
Filing time: 22 Jul 2021, 19:21:03 UTC
Previous filing: 19 Jul 2021
Next filing: 25 Aug 2021
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	$219,000	+25,000	+66%	$8.76^*	63,022	21 Jul 2021	Direct
transaction	BILL	Common Stock	Sale	$4,762,435	-24,000	-38%	$198.43	39,022	21 Jul 2021	Direct	F1, F2
transaction	BILL	Common Stock	Sale	$199,180	-1,000	-2.6%	$199.18	38,022	21 Jul 2021	Direct	F1, F3
holding	BILL	Common Stock						2,033,749	21 Jul 2021	See Footnote	F4
holding	BILL	Common Stock						135,000	21 Jul 2021	See Footnote	F5
holding	BILL	Common Stock						135,000	21 Jul 2021	See Footnote	F5
holding	BILL	Common Stock						203,125	21 Jul 2021	See Footnote	F6
holding	BILL	Common Stock						203,125	21 Jul 2021	See Footnote	F7

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	Employee Stock Option (Right to Buy	Options Exercise	$0	-25,000	-3.1%	$0.000000	775,000	21 Jul 2021	Common Stock	25,000	$8.76	Direct	F8

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

Explanation of Responses:

Id	Content
F1	The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $198.00 to $198.99 per share, inclusive. 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 range set forth in this footnote.
F3	The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $199.00 to $199.56 per share, inclusive. 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 range set forth in this footnote.
F4	The shares are held by Chung Lacerte Trust U/A dated February 15, 2004, Rene A. Lacerte and Joyce A. Chung, Trustees.
F5	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.
F6	The shares are held by Ilio Irrevocable Trust, Rene Lacerte and Joyce Chung, Trustees.
F7	The shares are held by Nene Irrevocable Trust, Rene Lacerte and Joyce Chung, Trustees.
F8	The option vests 50% on December 10, 2020 and thereafter 1/48 of the total shares vest monthly until such time as the option is 100% vested, subject to the continuing service of the Reporting Person on each vesting date.