Rory O'Driscoll - 09 Dec 2021 Form 4 Insider Report for Bill.com Holdings, Inc. (BILL)

Role
Director
Signature
/s/ Rajesh Aji, Attorney-in-Fact
Issuer symbol
BILL
Transactions as of
09 Dec 2021
Net transactions value
$0
Form type
4
Filing time
10 Dec 2021, 17:52:08 UTC
Next filing
11 Mar 2022
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 +953 953 09 Dec 2021 Direct F1
holding BILL Common Stock 5,000 09 Dec 2021 See Footnote F2
holding BILL Common Stock 16,567 09 Dec 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% $0.000000* 0 09 Dec 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.