Bora Chung - 28 Aug 2022 Form 4 Insider Report for Bill.com Holdings, Inc. (BILL)

Signature
/s/ Rajesh Aji, Attorney-in-Fact
Issuer symbol
BILL
Transactions as of
28 Aug 2022
Net transactions value
-$1,648,012
Form type
4
Filing time
30 Aug 2022, 18:46:05 UTC
Previous filing
26 Aug 2022
Next filing
19 Sep 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BILL Common Stock Options Exercise +1,562 +254% 2,178 28 Aug 2022 Direct F1
transaction BILL Common Stock Options Exercise +626 +29% 2,804 28 Aug 2022 Direct F1
transaction BILL Common Stock Options Exercise $65,000 +937 +33% $69.37 3,741 29 Aug 2022 Direct
transaction BILL Common Stock Options Exercise $68,442 +7,813 +209% $8.76* 11,554 29 Aug 2022 Direct
transaction BILL Common Stock Options Exercise $11,670 +1,042 +9% $11.20* 12,596 29 Aug 2022 Direct
transaction BILL Common Stock Sale $518,382 -3,178 -25% $163.12 9,418 29 Aug 2022 Direct F2, F3
transaction BILL Common Stock Sale $593,497 -3,614 -38% $164.22 5,804 29 Aug 2022 Direct F2, F4
transaction BILL Common Stock Sale $330,480 -2,000 -34% $165.24 3,804 29 Aug 2022 Direct F2, F5
transaction BILL Common Stock Sale $66,465 -400 -11% $166.16 3,404 29 Aug 2022 Direct F2, F6
transaction BILL Common Stock Sale $83,531 -500 -15% $167.06 2,904 29 Aug 2022 Direct F2, F7
transaction BILL Common Stock Sale $16,835 -100 -3.4% $168.35 2,804 29 Aug 2022 Direct F2
transaction BILL Common Stock Sale $45,269 -278 -9.9% $162.84 2,526 29 Aug 2022 Direct F8, F9
transaction BILL Common Stock Sale $52,406 -320 -13% $163.77 2,206 29 Aug 2022 Direct F8, F10
transaction BILL Common Stock Sale $51,362 -312 -14% $164.62 1,894 29 Aug 2022 Direct F8, F11
transaction BILL Common Stock Sale $22,361 -135 -7.1% $165.64 1,759 29 Aug 2022 Direct F8, F12
transaction BILL Common Stock Sale $8,675 -52 -3% $166.82 1,707 29 Aug 2022 Direct F8, F13
transaction BILL Common Stock Sale $3,018 -18 -1.1% $167.67 1,689 29 Aug 2022 Direct F8, F14
transaction BILL Common Stock Sale $842 -5 -0.3% $168.41* 1,684 29 Aug 2022 Direct F8, F15

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 -1,562 -12% $0.000000 10,938 28 Aug 2022 Common Stock 1,562 Direct F1, F16, F17
transaction BILL Restricted Stock Units Options Exercise $0 -626 -7.7% $0.000000 7,521 28 Aug 2022 Common Stock 626 Direct F1, F17, F18
transaction BILL Employee Stock Option (Right to Buy) Options Exercise $0 -937 -12% $0.000000 6,563 29 Aug 2022 Common Stock 937 $69.37 Direct F19
transaction BILL Employee Stock Option (Right to Buy) Options Exercise $0 -7,813 -20% $0.000000 31,250 29 Aug 2022 Common Stock 7,813 $8.76 Direct F20
transaction BILL Employee Stock Option (Right to Buy) Options Exercise $0 -1,042 -10% $0.000000 9,375 29 Aug 2022 Common Stock 1,042 $11.20 Direct F21
* 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 sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $162.70 to $163.66 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 $163.74 to $164.69 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 reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $164.83 to $165.77 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.
F6 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $165.89 to $166.64 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.
F7 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $167.05 to $167.08 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.
F8 The sale of shares is for the sole purpose of covering the Reporting Person's tax liability with respect to the settlement of RSUs.
F9 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $162.22 to $163.21 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.
F10 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $163.22 to $164.21 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.
F11 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $164.22 to $165.21 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.
F12 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $165.22 to $166.21 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.
F13 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $166.23 to $167.22 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.
F14 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $167.30 to $168.26 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.
F15 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $168.30 to $168.74 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.
F16 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.
F17 RSUs do not expire; they either vest or are canceled prior to the vesting date.
F18 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.
F19 The option vests 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.
F20 The option vested 25% of the total shares on December 10, 2019 and thereafter 1/48th of the total shares vest monthly until such time as the option is 100% vested, subject to the continuing service of the Reporting Person on each vesting date.
F21 The option vested 1/48th of the total shares monthly beginning June 15, 2019 until such time as the option is 100% vested, subject to the continuing service of the Reporting Person on each vesting date.