Rene A. Lacerte - Jun 15, 2023 Form 4 Insider Report for BILL Holdings, Inc. (BILL)

Role
President and CEO, Director
Signature
/s/ Rajesh Aji, Attorney-in-Fact
Stock symbol
BILL
Transactions as of
Jun 15, 2023
Transactions value $
-$3,663,305
Form type
4
Date filed
6/16/2023, 07:29 PM
Previous filing
May 31, 2023
Next filing
Aug 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BILL Common Stock Options Exercise $78.9K +15K +14.35% $5.26* 120K Jun 15, 2023 Direct
transaction BILL Common Stock Sale -$261K -2.32K -1.94% $112.44 117K Jun 15, 2023 Direct F1, F2
transaction BILL Common Stock Sale -$193K -1.7K -1.45% $113.34 116K Jun 15, 2023 Direct F1, F3
transaction BILL Common Stock Sale -$1.6M -14K -12.08% $114.54 102K Jun 15, 2023 Direct F1, F4
transaction BILL Common Stock Sale -$1.69M -14.7K -14.45% $115.18 86.9K Jun 15, 2023 Direct F1, F5
holding BILL Common Stock 1.71M Jun 15, 2023 See Footnote F6
holding BILL Common Stock 135K Jun 15, 2023 See Footnote F7
holding BILL Common Stock 135K Jun 15, 2023 See Footnote F7
holding BILL Common Stock 163K Jun 15, 2023 See Footnote F8
holding BILL Common Stock 163K Jun 15, 2023 See Footnote F9
holding BILL Common Stock 205K Jun 15, 2023 See Footnote F10

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 -15K -7.27% $0.00 191K Jun 15, 2023 Common Stock 15K $5.26 Direct F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 7, 2023.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $111.81 to $112.76 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.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $112.92 to $113.85 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 $113.94 to $114.93 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 $114.94 to $115.61 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 shares are held by Chung Lacerte Trust U/A dated February 15, 2004, Rene A. Lacerte and Joyce A. Chung, Trustees.
F7 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.
F8 The shares are held by Ilio Irrevocable Trust, Rene Lacerte and Joyce Chung, Trustees.
F9 The shares are held by Nene Irrevocable Trust, Rene Lacerte and Joyce Chung, Trustees.
F10 The shares are held by the Makahakama Foundation.
F11 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.