John R. Rettig - Dec 13, 2021 Form 4 Insider Report for Bill.com Holdings, Inc. (BILL)

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	Award	$0	+35K		$0.00	35K	Dec 13, 2021	Common Stock	35K		Direct	F1, F2
transaction	BILL	Performance Stock Units	Award	$0	+50K		$0.00	50K	Dec 13, 2021	Common Stock	50K		Direct	F3, F4

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

Id	Content
F1	Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock ("Common Stock").
F2	The RSUs vest in 16 equal quarterly installments over four years, beginning February 28, 2022, subject to the continuing service of the Reporting Person on each vesting date.
F3	Each Performance Stock Unit ("PSU") represents a conditional right to receive one share of Common Stock, subject to the continuing service of the Reporting Person on each vesting date.
F4	Upon the achievement of three increasing price thresholds for the Common Stock between the date of grant and the fifth anniversary of the date of grant, the shares of Common Stock subject to the PSUs will be earned and will vest in three tranches: first, as to 30% of the PSUs, upon the achievement of an initial price threshold achieved no earlier than 12/13/2022; second, as to 40% of the PSUs, upon the achievement of an increased price threshold achieved no earlier than 12/13/2023; and lastly, as to the remaining 30% of the PSUs, upon the achievement of a further increased price threshold achieved no earlier than 12/13/2024. Once earned, the applicable PSUs will vest on the next vesting date of 02/28, 05/28, 08/28 or 11/28.