Rene A. Lacerte - 01 Sep 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
01 Sep 2023
Net transactions value
-$4,508,630
Form type
4
Filing time
06 Sep 2023, 16:20:57 UTC
Previous filing
31 Aug 2023
Next filing
30 Nov 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 $78,900 +15,000 +15% $5.26* 115,649 01 Sep 2023 Direct
transaction BILL Common Stock Sale $2,486,039 -21,352 -18% $116.43 94,297 01 Sep 2023 Direct F1, F2
transaction BILL Common Stock Sale $1,462,307 -12,472 -13% $117.25 81,825 01 Sep 2023 Direct F1, F3
transaction BILL Common Stock Sale $639,184 -5,411 -6.6% $118.13 76,414 01 Sep 2023 Direct F1, F4
holding BILL Common Stock 1,708,749 01 Sep 2023 See Footnote F5
holding BILL Common Stock 135,000 01 Sep 2023 See Footnote F6
holding BILL Common Stock 135,000 01 Sep 2023 See Footnote F6
holding BILL Common Stock 163,125 01 Sep 2023 See Footnote F7
holding BILL Common Stock 163,125 01 Sep 2023 See Footnote F8
holding BILL Common Stock 205,000 01 Sep 2023 See Footnote F9

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 -15,000 -7.8% $0.000000 176,456 01 Sep 2023 Common Stock 15,000 $5.26 Direct F10
* 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 115.78 to $116.75 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 $116.78 to $117.72 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 $117.79 to $118.67 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 shares are held by Chung Lacerte Trust U/A dated February 15, 2004, Rene A. Lacerte and Joyce A. Chung, Trustees.
F6 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.
F7 The shares are held by Ilio Irrevocable Trust, Rene Lacerte and Joyce Chung, Trustees.
F8 The shares are held by Nene Irrevocable Trust, Rene Lacerte and Joyce Chung, Trustees.
F9 The shares are held by the Makahakama Foundation.
F10 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.