Mark Lenhard - Nov 9, 2021 Form 4 Insider Report for Bill.com Holdings, Inc. (BILL)

Role
COO
Signature
/s/ Rajesh Aji, Attorney-in-Fact
Stock symbol
BILL
Transactions as of
Nov 9, 2021
Transactions value $
-$11,092,441
Form type
4
Date filed
11/12/2021, 07:23 PM
Previous filing
Nov 17, 2021
Next filing
Nov 29, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BILL Common Stock Options Exercise $869K +35K $24.83* 35K Nov 9, 2021 Direct
transaction BILL Common Stock Sale -$1.23M -3.61K -10.31% $340.44 31.4K Nov 9, 2021 Direct F1, F2
transaction BILL Common Stock Sale -$9.91M -29K -92.39% $341.88 2.39K Nov 9, 2021 Direct F1, F3
transaction BILL Common Stock Sale -$818K -2.39K -100% $342.22 0 Nov 9, 2021 Direct F1, 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 Employee Stock Option (Right to Buy) Options Exercise $0 -35K -31.22% $0.00 77.1K Nov 9, 2021 Common Stock 35K $24.83 Direct F5
* 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 $340.07 to $341.00 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 $341.13 to $342.12 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 $342.14 to $342.84 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.
F5 The option vests as to 71,849 of the total shares on September 1, 2021. The remaining 40,268 shares vest as follows: 1/3 of the shares on September 1, 2022, and thereafter 1/12 of the shares shall vest quarterly until such time as the options are 100% vested, subject to the continuing service of the Reporting Person on each vesting date.