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

Role
President and CEO, Director
Signature
/s/ Rajesh Aji, Attorney-in-Fact
Issuer symbol
BILL
Transactions as of
28 Aug 2023
Net transactions value
$0
Form type
4
Filing time
30 Aug 2023, 20:23:34 UTC
Previous filing
25 Aug 2023
Next filing
31 Aug 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 +10,000 +12% 96,902 28 Aug 2023 Direct F1
transaction BILL Common Stock Options Exercise +2,785 +2.9% 99,687 28 Aug 2023 Direct F1
transaction BILL Common Stock Options Exercise +5,359 +5.4% 105,046 28 Aug 2023 Direct F1
transaction BILL Common Stock Options Exercise +9,468 +9% 114,514 28 Aug 2023 Direct F2
holding BILL Common Stock 1,708,749 28 Aug 2023 See Footnote F3
holding BILL Common Stock 135,000 28 Aug 2023 See Footnote F4
holding BILL Common Stock 135,000 28 Aug 2023 See Footnote F4
holding BILL Common Stock 163,125 28 Aug 2023 See Footnote F5
holding BILL Common Stock 163,125 28 Aug 2023 See Footnote F6
holding BILL Common Stock 205,000 28 Aug 2023 See Footnote 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 -10,000 -25% $0.000000 30,000 28 Aug 2023 Common Stock 10,000 Direct F1, F8
transaction BILL Restricted Stock Units Options Exercise $0 -2,785 -11% $0.000000 22,282 28 Aug 2023 Common Stock 2,785 Direct F1, F9
transaction BILL Restricted Stock Units Options Exercise $0 -5,359 -7.7% $0.000000 64,306 28 Aug 2023 Common Stock 5,359 Direct F1, F10
transaction BILL Performance Stock Units Options Exercise $0 -9,468 -33% $0.000000 18,937 28 Aug 2023 Common Stock 9,468 Direct F2, F11
* 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 Each Performance Stock Unit ("PSU") represents a conditional right to receive one share of Common Stock, subject to the continuing service of the Reporting Person on each vesting date.
F3 The shares are held by Chung Lacerte Trust U/A dated February 15, 2004, Rene A. Lacerte and Joyce A. Chung, Trustees.
F4 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.
F5 The shares are held by Ilio Irrevocable Trust, Rene Lacerte and Joyce Chung, Trustees.
F6 The shares are held by Nene Irrevocable Trust, Rene Lacerte and Joyce Chung, Trustees.
F7 The shares are held by the Makahakama Foundation.
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.
F11 The PSUs vest over three years; 1/3rd vests on August 28, 2023, and thereafter the remaining 2/3rd will vest quarterly over two years, subject to the continuing service of the Reporting Person on each vesting date.

Remarks:

Exhibit 24 - Power of Attorney