Blake Thomas Murray - Aug 28, 2022 Form 4 Insider Report for Bill.com Holdings, Inc. (BILL)

Role
CRO
Signature
/s/ Rajesh Aji, Attorney-in-Fact
Stock symbol
BILL
Transactions as of
Aug 28, 2022
Transactions value $
-$15,737,203
Form type
4
Date filed
8/30/2022, 06:47 PM
Previous filing
Dec 8, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BILL Common Stock Options Exercise +212K 212K Aug 28, 2022 Direct F1
transaction BILL Common Stock Sale -$3.87M -23.8K -11.22% $162.84 188K Aug 29, 2022 Direct F2, F3
transaction BILL Common Stock Sale -$4.48M -27.4K -14.55% $163.77 161K Aug 29, 2022 Direct F2, F4
transaction BILL Common Stock Sale -$4.39M -26.7K -16.59% $164.62 134K Aug 29, 2022 Direct F2, F5
transaction BILL Common Stock Sale -$1.92M -11.6K -8.64% $165.64 123K Aug 29, 2022 Direct F2, F6
transaction BILL Common Stock Sale -$744K -4.46K -3.64% $166.82 118K Aug 29, 2022 Direct F2, F7
transaction BILL Common Stock Sale -$251K -1.5K -1.27% $167.67 117K Aug 29, 2022 Direct F2, F8
transaction BILL Common Stock Sale -$76.1K -452 -0.39% $168.41 116K Aug 29, 2022 Direct F2, F9

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 -212K -33.33% $0.00 424K Aug 28, 2022 Common Stock 212K Direct F1, F10, F11
* 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 sale of shares is for the sole purpose of covering the Reporting Person's tax liability with respect to the settlement of RSUs.
F3 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.
F4 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.
F5 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.
F6 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.
F7 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.
F8 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.
F9 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.
F10 The RSUs vest as to 1/3rd of the total shares on August 28, 2022 and thereafter 1/12th of the total shares vest quarterly until such time as the RSUs are 100% vested, subject to the continuing service of the Reporting Person on each vesting date.
F11 RSUs do not expire; they either vest or are canceled prior to the vesting date.