John R. Rettig - May 5, 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
May 5, 2023
Transactions value $
-$522,305
Form type
4
Date filed
5/9/2023, 08:11 PM
Previous filing
Mar 7, 2023
Next filing
May 31, 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 +4.13% $5.26* 30.1K May 5, 2023 Direct
transaction BILL Common Stock Options Exercise $42.2K +4.82K +16.02% $8.76* 34.9K May 5, 2023 Direct
transaction BILL Common Stock Sale -$571K -6.01K -17.23% $95.00 28.9K May 5, 2023 Direct F1
holding BILL Common Stock 59.4K May 5, 2023 By Trust F2

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 -99.42% $0.00 7 May 5, 2023 Common Stock 1.19K $5.26 Direct F3
transaction BILL Employee Stock Option (Right to Buy) Options Exercise $0 -4.82K -16.54% $0.00 24.3K May 5, 2023 Common Stock 4.82K $8.76 Direct F4
* 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, prior to the effective date of the recent amendments to Rule 10b5-1.
F2 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.
F3 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.
F4 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.