Rory O'Driscoll - Dec 8, 2022 Form 4 Insider Report for Bill.com Holdings, Inc. (BILL)

Role: Director
Signature: /s/ Rajesh Aji, Attorney-in-Fact
Stock symbol: BILL
Transactions as of: Dec 8, 2022
Transactions value $: $0
Form type: 4
Date filed: 12/12/2022, 07:00 PM
Previous filing: Mar 11, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BILL	Common Stock	Options Exercise		+873			873	Dec 8, 2022	Direct	F1
transaction	BILL	Common Stock	Other	$0	-873	-100%	$0.00^*	0	Dec 9, 2022	Direct	F2
transaction	BILL	Common Stock	Other	$0	+873	+14.66%	$0.00	6.83K	Dec 9, 2022	See Footnote	F2, F3
holding	BILL	Common Stock						16.6K	Dec 8, 2022	See Footnote	F4

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	-873	-100%	$0.00^*	0	Dec 8, 2022	Common Stock	873		Direct	F1, F5, F6
transaction	BILL	Restricted Stock Units	Award	$0	+1.73K		$0.00	1.73K	Dec 8, 2022	Common Stock	1.73K		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	Under the governing documents of Scale Venture Partners IV, LP ("ScaleVP IV LP"), the shares were transferred to Scale Management, LLC ("ScaleMgt").
F3	The shares are held by ScaleMgt. The managers of ScaleMgt are Rory O'Driscoll, a member of the Issuer's board of directors, Stacey Bishop, Andrew Vitus, Ariel Tseitlin and Alexander Niehenke, who all share voting and dispositive power with respect to the shares held by ScaleMgt.
F4	The shares are held by a trust for which the Reporting Person serves as a trustee.
F5	100% of the RSUs vested on December 8, 2022.
F6	Pursuant to the policies of ScaleVP IV LP and ScaleMgt, the Reporting Person is deemed to hold the reported RSUs for the benefit of ScaleMgt. ScaleMgt may be deemed the indirect beneficial owner of the RSUs.
F7	The RSUs shall be 100% vested on the earlier of (a) the date of next annual stockholders meeting and (b) one year from the date of grant, subject to continued service on such vesting date.