John R. Rettig - Mar 6, 2023 Form 4 Insider Report for BILL Holdings, Inc. (BILL)

Role
CFO
Signature
/s/ Rajesh Aji, Attorney-in-Fact
Stock symbol
BILL
Transactions as of
Mar 6, 2023
Transactions value $
-$797,019
Form type
4
Date filed
3/7/2023, 03:52 PM
Previous filing
Mar 3, 2023
Next filing
May 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BILL Common Stock Options Exercise $6.28K +1.19K +3.7% $5.26* 33.4K Mar 6, 2023 Direct
transaction BILL Common Stock Options Exercise $42.2K +4.82K +14.4% $8.76* 38.2K Mar 6, 2023 Direct
transaction BILL Common Stock Sale -$86.5K -969 -2.53% $89.30 37.3K Mar 6, 2023 Direct F1, F2
transaction BILL Common Stock Sale -$667K -7.41K -19.87% $90.10 29.9K Mar 6, 2023 Direct F1, F3
transaction BILL Common Stock Sale -$91.5K -1K -3.35% $91.49 28.9K Mar 6, 2023 Direct F1, F4
holding BILL Common Stock 59.4K Mar 6, 2023 By Trust F5

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 Employee Stock Option (Right to Buy) Options Exercise $0 -1.19K -49.85% $0.00 1.2K Mar 6, 2023 Common Stock 1.19K $5.26 Direct F6
transaction BILL Employee Stock Option (Right to Buy) Options Exercise $0 -4.82K -14.19% $0.00 29.1K Mar 6, 2023 Common Stock 4.82K $8.76 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 8, 2022.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $88.83 to $89.73 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.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $90.00 to $90.93 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 $91.23 to $91.75 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 shares are held by the Rettig Living Trust U/A DTD 12/02/2020, of which the reporting holder and his spouse are co-trustees.
F6 The option vests 1/48th of the total shares monthly beginning September 2, 2018 until such time as the option is 100% vested, subject to the continuing service of the Reporting Person on each vesting date.
F7 The option vests 1/48th of the total shares monthly beginning January 10, 2019 until such time as the option is 100% vested, subject to the continuing service of the Reporting Person on each vesting date.