Rajesh 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
Transactions value $: -$113,838
Form type: 4
Date filed: 31 May 2023, 21:33
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	+46.5%		2.96K	28 May 2023	Direct	F1
transaction	BILL	Common Stock	Options Exercise		+557	+18.85%		3.51K	28 May 2023	Direct	F1
transaction	BILL	Common Stock	Options Exercise		+1.79K	+50.85%		5.3K	28 May 2023	Direct	F1
transaction	BILL	Common Stock	Sale	-$52.2K	-530	-10%	$98.41	4.77K	30 May 2023	Direct	F2, F3
transaction	BILL	Common Stock	Sale	-$43.1K	-434	-9.1%	$99.27	4.33K	30 May 2023	Direct	F2, F4
transaction	BILL	Common Stock	Sale	-$14K	-140	-3.23%	$100.25	4.19K	30 May 2023	Direct	F2, F5
transaction	BILL	Common Stock	Sale	-$4.26K	-42	-1%	$101.34	4.15K	30 May 2023	Direct	F2, F6
transaction	BILL	Common Stock	Sale	-$306	-3	-0.07%	$102.07	4.15K	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	-20.01%	$0.00	3.75K	28 May 2023	Common Stock	938		Direct	F1, F8
transaction	BILL	Restricted Stock Units	Options Exercise	$0	-557	-10%	$0.00	5.01K	28 May 2023	Common Stock	557		Direct	F1, F9
transaction	BILL	Restricted Stock Units	Options Exercise	$0	-1.79K	-7.14%	$0.00	23.2K	28 May 2023	Common Stock	1.79K		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.