Rory O'Driscoll - Dec 9, 2021 Form 4 Insider Report for Bill.com Holdings, Inc. (BILL)

Role: Director
Signature: /s/ Rajesh Aji, Attorney-in-Fact
Stock symbol: BILL
Transactions as of: Dec 9, 2021
Transactions value $: $0
Form type: 4
Date filed: 12/10/2021, 05:52 PM
Next filing: Mar 11, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BILL	Common Stock	Options Exercise		+953			953	Dec 9, 2021	Direct	F1
holding	BILL	Common Stock						5K	Dec 9, 2021	See Footnote	F2
holding	BILL	Common Stock						16.6K	Dec 9, 2021	See Footnote	F3

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 Units	Options Exercise	$0	-953	-100%	$0.00^*	0	Dec 9, 2021	Common Stock	953		Direct	F1, F4, F5

* 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	The shares are held by Scale Management, LLC ("ScaleMgt"). The managers of ScaleMgt are Rory O'Driscoll, a member of the Issuer's board of directors, Stacey Bishop, Andrew Vitus and Ariel Tseitlin, who all share voting and dispositive power with respect to the shares held by ScaleMgt.
F3	The shares are held by a trust for which the Reporting Person serves as a trustee.
F4	The RSUs shall be 100% vested on the earlier of (a) the date of next annual stockholders meeting and (b) one year from the date of grant, subject to continued service on such vesting date.
F5	Pursuant to the policies of ScaleVP IV LP and Scale Management, LLC ("ScaleMgt"), the Reporting Person is deemed to hold the reported RSUs for the benefit of ScaleMgt. ScaleMgt may be deemed the indirect beneficial owner of the RSUs.