Rene A. Lacerte - 28 Feb 2022 Form 4 Insider Report for Bill.com Holdings, Inc. (BILL)

Role: President and CEO, Director
Signature: /s/ Rajesh Aji, Attorney-in-Fact
Issuer symbol: BILL
Transactions as of: 28 Feb 2022
Net transactions value: $0
Form type: 4
Filing time: 02 Mar 2022, 17:17:22 UTC
Previous filing: 17 Feb 2022
Next filing: 03 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		+10,000	+17%		68,576	28 Feb 2022	Direct	F1
transaction	BILL	Common Stock	Options Exercise		+2,785	+4.1%		71,361	28 Feb 2022	Direct	F1
holding	BILL	Common Stock						1,958,749	28 Feb 2022	See Footnote	F2
holding	BILL	Common Stock						135,000	28 Feb 2022	See Footnote	F3
holding	BILL	Common Stock						135,000	28 Feb 2022	See Footnote	F3
holding	BILL	Common Stock						163,125	28 Feb 2022	See Footnote	F4
holding	BILL	Common Stock						163,125	28 Feb 2022	See Footnote	F5

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	-10,000	-10%	$0.000000	90,000	28 Feb 2022	Common Stock	10,000		Direct	F1, F6
transaction	BILL	Restricted Stock Units	Options Exercise	$0	-2,785	-6.7%	$0.000000	38,993	28 Feb 2022	Common Stock	2,785		Direct	F1, F7

* 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 Chung Lacerte Trust U/A dated February 15, 2004, Rene A. Lacerte and Joyce A. Chung, Trustees.
F3	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.
F4	The shares are held by Ilio Irrevocable Trust, Rene Lacerte and Joyce Chung, Trustees.
F5	The shares are held by Nene Irrevocable Trust, Rene Lacerte and Joyce Chung, Trustees.
F6	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.
F7	The RSUs vest in 16 equal quarterly installments over four years, beginning August 28, 2021, subject to the continuing service of the Reporting Person on each vesting date.