Rajesh A. Aji - 28 May 2023 Form 4 Insider Report for BILL Holdings, Inc. (BILL)

Role
CLO & CCO
Signature
/s/ Rajesh Aji
Issuer symbol
BILL
Transactions as of
28 May 2023
Net transactions value
-$113,838
Form type
4
Filing time
31 May 2023, 21:33:18 UTC
Previous filing
03 Mar 2023
Next filing
09 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BILL Common Stock Options Exercise +938 +47% 2,955 28 May 2023 Direct F1
transaction BILL Common Stock Options Exercise +557 +19% 3,512 28 May 2023 Direct F1
transaction BILL Common Stock Options Exercise +1,786 +51% 5,298 28 May 2023 Direct F1
transaction BILL Common Stock Sale $52,156 -530 -10% $98.41 4,768 30 May 2023 Direct F2, F3
transaction BILL Common Stock Sale $43,085 -434 -9.1% $99.27 4,334 30 May 2023 Direct F2, F4
transaction BILL Common Stock Sale $14,035 -140 -3.2% $100.25 4,194 30 May 2023 Direct F2, F5
transaction BILL Common Stock Sale $4,256 -42 -1% $101.34 4,152 30 May 2023 Direct F2, F6
transaction BILL Common Stock Sale $306 -3 -0.07% $102.07 4,149 30 May 2023 Direct F2, F7

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 -938 -20% $0.000000 3,750 28 May 2023 Common Stock 938 Direct F1, F8
transaction BILL Restricted Stock Units Options Exercise $0 -557 -10% $0.000000 5,014 28 May 2023 Common Stock 557 Direct F1, F9
transaction BILL Restricted Stock Units Options Exercise $0 -1,786 -7.1% $0.000000 23,222 28 May 2023 Common Stock 1,786 Direct F1, F10
* 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 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.
F9 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.
F10 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.