Rene A. Lacerte - 28 Nov 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 Nov 2022
Net transactions value
-$1,087,162
Form type
4
Filing time
30 Nov 2022, 19:26:04 UTC
Previous filing
13 Sep 2022
Next filing
02 Mar 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BILL Common Stock Options Exercise +10,000 +13% 86,301 28 Nov 2022 Direct F1
transaction BILL Common Stock Options Exercise +2,785 +3.2% 89,086 28 Nov 2022 Direct F1
transaction BILL Common Stock Options Exercise +5,359 +6% 94,445 28 Nov 2022 Direct F1
transaction BILL Common Stock Sale $171,926 -1,522 -1.6% $112.96 92,923 29 Nov 2022 Direct F2, F3
transaction BILL Common Stock Sale $523,507 -4,594 -4.9% $113.95 88,329 29 Nov 2022 Direct F2, F4
transaction BILL Common Stock Sale $391,729 -3,421 -3.9% $114.51 84,908 29 Nov 2022 Direct F2, F5
holding BILL Common Stock 1,708,749 28 Nov 2022 See Footnote F6
holding BILL Common Stock 135,000 28 Nov 2022 See Footnote F7
holding BILL Common Stock 135,000 28 Nov 2022 See Footnote F7
holding BILL Common Stock 163,125 28 Nov 2022 See Footnote F8
holding BILL Common Stock 163,125 28 Nov 2022 See Footnote F9
holding BILL Common Stock 205,000 28 Nov 2022 See Footnote F10

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 -14% $0.000000 60,000 28 Nov 2022 Common Stock 10,000 Direct F1, F11, F12
transaction BILL Restricted Stock Units Options Exercise $0 -2,785 -8.3% $0.000000 30,638 28 Nov 2022 Common Stock 2,785 Direct F1, F12, F13
transaction BILL Restricted Stock Units Options Exercise $0 -5,359 -6.3% $0.000000 80,383 28 Nov 2022 Common Stock 5,359 Direct F1, F12, F14
* 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 $112.31 to $113.30 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 $113.31 to $114.30 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 $114.31 to $115.12 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 shares are held by Chung Lacerte Trust U/A dated February 15, 2004, Rene A. Lacerte and Joyce A. Chung, Trustees.
F7 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.
F8 The shares are held by Ilio Irrevocable Trust, Rene Lacerte and Joyce Chung, Trustees.
F9 The shares are held by Nene Irrevocable Trust, Rene Lacerte and Joyce Chung, Trustees.
F10 The shares are held by the Makahakama Foundation.
F11 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.
F12 RSUs do not expire; they either vest or are canceled prior to the vesting date.
F13 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.
F14 The RSUs vest in 16 equal quarterly installments over four years, beginning August 28, 2022, subject to the continuing service of the Reporting Person on each vesting date.