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

Role
President and CEO, Director
Signature
/s/ Rajesh Aji, Attorney-in-Fact
Stock symbol
BILL
Transactions as of
Nov 28, 2022
Transactions value $
-$1,087,162
Form type
4
Date filed
11/30/2022, 07:26 PM
Previous filing
Sep 13, 2022
Next filing
Mar 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BILL Common Stock Options Exercise +10K +13.11% 86.3K Nov 28, 2022 Direct F1
transaction BILL Common Stock Options Exercise +2.79K +3.23% 89.1K Nov 28, 2022 Direct F1
transaction BILL Common Stock Options Exercise +5.36K +6.02% 94.4K Nov 28, 2022 Direct F1
transaction BILL Common Stock Sale -$172K -1.52K -1.61% $112.96 92.9K Nov 29, 2022 Direct F2, F3
transaction BILL Common Stock Sale -$524K -4.59K -4.94% $113.95 88.3K Nov 29, 2022 Direct F2, F4
transaction BILL Common Stock Sale -$392K -3.42K -3.87% $114.51 84.9K Nov 29, 2022 Direct F2, F5
holding BILL Common Stock 1.71M Nov 28, 2022 See Footnote F6
holding BILL Common Stock 135K Nov 28, 2022 See Footnote F7
holding BILL Common Stock 135K Nov 28, 2022 See Footnote F7
holding BILL Common Stock 163K Nov 28, 2022 See Footnote F8
holding BILL Common Stock 163K Nov 28, 2022 See Footnote F9
holding BILL Common Stock 205K Nov 28, 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 -10K -14.29% $0.00 60K Nov 28, 2022 Common Stock 10K Direct F1, F11, F12
transaction BILL Restricted Stock Units Options Exercise $0 -2.79K -8.33% $0.00 30.6K Nov 28, 2022 Common Stock 2.79K Direct F1, F12, F13
transaction BILL Restricted Stock Units Options Exercise $0 -5.36K -6.25% $0.00 80.4K Nov 28, 2022 Common Stock 5.36K 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.