Rene A. Lacerte - Aug 27, 2021 Form 4 Insider Report for Bill.com Holdings, Inc. (BILL)

Signature
/s/ Rajesh Aji, Attorney-in-Fact
Stock symbol
BILL
Transactions as of
Aug 27, 2021
Transactions value $
-$20,368,845
Form type
4
Date filed
8/31/2021, 08:52 PM
Previous filing
Aug 25, 2021
Next filing
Sep 1, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BILL Common Stock Options Exercise $657K +75K +197.25% $8.76* 113K Aug 27, 2021 Direct
transaction BILL Common Stock Sale -$2.32M -9.42K -8.34% $246.00 104K Aug 27, 2021 Direct F1, F2
transaction BILL Common Stock Sale -$2.3M -9.32K -8.99% $246.88 94.3K Aug 27, 2021 Direct F1, F3
transaction BILL Common Stock Sale -$1.28M -5.16K -5.48% $247.57 89.1K Aug 27, 2021 Direct F1, F4
transaction BILL Common Stock Sale -$273K -1.1K -1.23% $248.45 88K Aug 27, 2021 Direct F1, F5
transaction BILL Common Stock Sale -$6.45M -25K -28.4% $258.00 63K Aug 27, 2021 Direct F1
transaction BILL Common Stock Sale -$6.95M -25K -39.67% $278.00 38K Aug 27, 2021 Direct F1
transaction BILL Common Stock Options Exercise +10K +26.3% 48K Aug 28, 2021 Direct F6
transaction BILL Common Stock Sale -$43.4K -158 -0.33% $274.56 47.9K Aug 30, 2021 Direct F7, F8
transaction BILL Common Stock Sale -$34.5K -125 -0.26% $275.73 47.7K Aug 30, 2021 Direct F7, F9
transaction BILL Common Stock Sale -$130K -468 -0.98% $277.00 47.3K Aug 30, 2021 Direct F7, F10
transaction BILL Common Stock Sale -$52.9K -190 -0.4% $278.40 47.1K Aug 30, 2021 Direct F7, F11
transaction BILL Common Stock Sale -$93K -332 -0.71% $280.17 46.8K Aug 30, 2021 Direct F7, F12
transaction BILL Common Stock Sale -$35.5K -126 -0.27% $281.90 46.6K Aug 30, 2021 Direct F7, F13
transaction BILL Common Stock Sale -$157K -554 -1.19% $283.16 46.1K Aug 30, 2021 Direct F7, F14
transaction BILL Common Stock Sale -$278K -980 -2.13% $283.95 45.1K Aug 30, 2021 Direct F7, F15
transaction BILL Common Stock Sale -$22.8K -79 -0.18% $288.55 45K Aug 30, 2021 Direct F7
transaction BILL Common Stock Sale -$431K -1.49K -3.3% $290.03 43.5K Aug 30, 2021 Direct F7, F16
transaction BILL Common Stock Sale -$179K -616 -1.42% $291.05 42.9K Aug 30, 2021 Direct F7, F17
holding BILL Common Stock 2.03M Aug 27, 2021 See Footnote F18
holding BILL Common Stock 135K Aug 27, 2021 See Footnote F19
holding BILL Common Stock 135K Aug 27, 2021 See Footnote F19
holding BILL Common Stock 203K Aug 27, 2021 See Footnote F20
holding BILL Common Stock 203K Aug 27, 2021 See Footnote F21

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 -75K -10% $0.00 675K Aug 27, 2021 Common Stock 75K $8.76 Direct F22
transaction BILL Restricted Stock Units Options Exercise $0 -10K -8.33% $0.00 110K Aug 28, 2021 Common Stock 10K Direct F6, F23
* 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 $245.26 to $246.25 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 $246.26 to $247.24 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 reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $247.26 to $248.24 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.
F5 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $248.28 to $248.63 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.
F6 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.
F7 The sale of shares is for the sole purpose of covering the Reporting Person's tax liability with respect to the settlement of RSUs.
F8 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $274.44 to $274.62 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.
F9 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $275.46 to $276.24 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.
F10 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $276.76 to $277.39 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.
F11 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $278.13 to $278.84 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.
F12 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $279.93 to $280.63 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.
F13 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $281.68 to $282.66 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.
F14 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $282.78 to $283.53 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.
F15 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $283.84 to $284.43 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.
F16 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $290.00 to $290.45 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.
F17 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $291.04 to $291.09 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.
F18 The shares are held by Chung Lacerte Trust U/A dated February 15, 2004, Rene A. Lacerte and Joyce A. Chung, Trustees.
F19 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.
F20 The shares are held by Ilio Irrevocable Trust, Rene Lacerte and Joyce Chung, Trustees.
F21 The shares are held by Nene Irrevocable Trust, Rene Lacerte and Joyce Chung, Trustees.
F22 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.
F23 The RSUs vest in 16 equal quarterly installments over four years, beginning August 28, 2020, subject to the continuing service of the Reporting Person on each vesting date.