John R. Rettig - 28 May 2023 Form 4 Insider Report for BILL Holdings, Inc. (BILL)

Role
CFO
Signature
/s/ Rajesh Aji, Attorney-in-Fact
Issuer symbol
BILL
Transactions as of
28 May 2023
Net transactions value
-$563,535
Form type
4
Filing time
31 May 2023, 21:25:44 UTC
Previous filing
09 May 2023
Next filing
09 Jun 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BILL Common Stock Options Exercise +3,750 +13% 32,616 28 May 2023 Direct F1
transaction BILL Common Stock Options Exercise +1,114 +3.4% 33,730 28 May 2023 Direct F1
transaction BILL Common Stock Options Exercise +2,187 +6.5% 35,917 28 May 2023 Direct F1
transaction BILL Common Stock Options Exercise +4,287 +12% 40,204 28 May 2023 Direct F1
transaction BILL Common Stock Sale $258,319 -2,625 -6.5% $98.41 37,579 30 May 2023 Direct F2, F3
transaction BILL Common Stock Sale $213,240 -2,148 -5.7% $99.27 35,431 30 May 2023 Direct F2, F4
transaction BILL Common Stock Sale $69,772 -696 -2% $100.25 34,735 30 May 2023 Direct F2, F5
transaction BILL Common Stock Sale $20,877 -206 -0.59% $101.34 34,529 30 May 2023 Direct F2, F6
transaction BILL Common Stock Sale $1,327 -13 -0.04% $102.07 34,516 30 May 2023 Direct F2, F7
holding BILL Common Stock 59,350 28 May 2023 By Trust F8

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 -3,750 -20% $0.000000 15,000 28 May 2023 Common Stock 3,750 Direct F1, F9
transaction BILL Restricted Stock Units Options Exercise $0 -1,114 -10% $0.000000 10,027 28 May 2023 Common Stock 1,114 Direct F1, F10
transaction BILL Restricted Stock Units Options Exercise $0 -2,187 -9.1% $0.000000 21,875 28 May 2023 Common Stock 2,187 Direct F1, F11
transaction BILL Restricted Stock Units Options Exercise $0 -4,287 -7.1% $0.000000 55,733 28 May 2023 Common Stock 4,287 Direct F1, F12
* 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 $97.90 to $98.89 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 $98.90 to $99.89 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 $99.90 to $100.86 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 reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $100.91 to $101.90 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.
F7 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $101.91 to $102.32 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.
F8 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.
F9 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.
F10 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.
F11 The RSUs vest in 16 equal quarterly installments over four years, beginning February 28, 2022, subject to the continuing service of the Reporting Person on each vesting date.
F12 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.