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

Signature
/s/ Rajesh Aji, Attorney-in-Fact
Stock symbol
BILL
Transactions as of
May 28, 2023
Transactions value $
-$901,773
Form type
4
Date filed
5/31/2023, 09:41 PM
Previous filing
Mar 3, 2023
Next filing
Jun 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BILL Common Stock Options Exercise +10K +10.47% 106K May 28, 2023 Direct F1
transaction BILL Common Stock Options Exercise +2.79K +2.64% 108K May 28, 2023 Direct F1
transaction BILL Common Stock Options Exercise +5.36K +4.95% 114K May 28, 2023 Direct F1
transaction BILL Common Stock Sale -$413K -4.2K -3.7% $98.41 109K May 30, 2023 Direct F2, F3
transaction BILL Common Stock Sale -$341K -3.44K -3.14% $99.27 106K May 30, 2023 Direct F2, F4
transaction BILL Common Stock Sale -$112K -1.11K -1.05% $100.25 105K May 30, 2023 Direct F2, F5
transaction BILL Common Stock Sale -$33.4K -330 -0.31% $101.34 105K May 30, 2023 Direct F2, F6
transaction BILL Common Stock Sale -$2.04K -20 -0.02% $102.07 105K May 30, 2023 Direct F2, F7
holding BILL Common Stock 1.71M May 28, 2023 See Footnote F8
holding BILL Common Stock 135K May 28, 2023 See Footnote F9
holding BILL Common Stock 135K May 28, 2023 See Footnote F9
holding BILL Common Stock 163K May 28, 2023 See Footnote F10
holding BILL Common Stock 163K May 28, 2023 See Footnote F11
holding BILL Common Stock 205K May 28, 2023 See Footnote F12

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 -10K -20% $0.00 40K May 28, 2023 Common Stock 10K Direct F1, F13
transaction BILL Restricted Stock Units Options Exercise $0 -2.79K -10% $0.00 25.1K May 28, 2023 Common Stock 2.79K Direct F1, F14
transaction BILL Restricted Stock Units Options Exercise $0 -5.36K -7.14% $0.00 69.7K May 28, 2023 Common Stock 5.36K Direct F1, F15
* 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 Chung Lacerte Trust U/A dated February 15, 2004, Rene A. Lacerte and Joyce A. Chung, Trustees.
F9 The shares are held by a family trust with Rene A. Lacerte and Joyce A. Chung, as Trustors, and Rene A. Lacerte, Joyce A. Chung, and Daniel C. Chung, as Trustees.
F10 The shares are held by Ilio Irrevocable Trust, Rene Lacerte and Joyce Chung, Trustees.
F11 The shares are held by Nene Irrevocable Trust, Rene Lacerte and Joyce Chung, Trustees.
F12 The shares are held by the Makahakama Foundation.
F13 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.
F14 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.
F15 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.