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

Signature
/s/ Rajesh Aji, Attorney-in-Fact
Stock symbol
BILL
Transactions as of
Nov 28, 2023
Transactions value $
-$818,195
Form type
4
Date filed
11/30/2023, 07:20 PM
Previous filing
Sep 6, 2023
Next filing
Mar 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BILL Common Stock Options Exercise +10K +13.07% 86.5K Nov 28, 2023 Direct F1, F2
transaction BILL Common Stock Options Exercise +2.79K +3.22% 89.3K Nov 28, 2023 Direct F1
transaction BILL Common Stock Options Exercise +5.36K +6% 94.6K Nov 28, 2023 Direct F1
transaction BILL Common Stock Options Exercise +3.66K +3.86% 98.3K Nov 28, 2023 Direct F1
transaction BILL Common Stock Options Exercise +2.37K +2.41% 101K Nov 28, 2023 Direct F3
transaction BILL Common Stock Sale -$374K -5.58K -5.55% $66.98 95.1K Nov 29, 2023 Direct F4, F5
transaction BILL Common Stock Sale -$414K -6.11K -6.42% $67.73 89K Nov 29, 2023 Direct F4, F6
transaction BILL Common Stock Sale -$30.6K -448 -0.5% $68.40 88.5K Nov 29, 2023 Direct F4, F7
holding BILL Common Stock 1.71M Nov 28, 2023 See Footnote F8
holding BILL Common Stock 135K Nov 28, 2023 See Footnote F9
holding BILL Common Stock 135K Nov 28, 2023 See Footnote F9
holding BILL Common Stock 163K Nov 28, 2023 See Footnote F10
holding BILL Common Stock 163K Nov 28, 2023 See Footnote F11
holding BILL Common Stock 205K Nov 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 -33.33% $0.00 20K Nov 28, 2023 Common Stock 10K Direct F1, F13
transaction BILL Restricted Stock Units Options Exercise $0 -2.79K -12.5% $0.00 19.5K Nov 28, 2023 Common Stock 2.79K Direct F1, F14
transaction BILL Restricted Stock Units Options Exercise $0 -5.36K -8.33% $0.00 58.9K Nov 28, 2023 Common Stock 5.36K Direct F1, F15
transaction BILL Restricted Stock Units Options Exercise $0 -3.66K -6.25% $0.00 54.9K Nov 28, 2023 Common Stock 3.66K Direct F1, F16
transaction BILL Performance Stock Units Options Exercise $0 -2.37K -12.49% $0.00 16.6K Nov 28, 2023 Common Stock 2.37K Direct F3, F17
* 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 Includes 74 shares of Common Stock acquired under the issuer's employee stock purchase plan on September 6, 2023.
F3 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.
F4 The sale of shares is for the sole purpose of covering the Reporting Person's tax liability with respect to the settlement of RSUs and PSUs.
F5 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $66.325 to $67.32 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.
F6 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $67.325 to $68.32 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.
F7 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $68.33 to $68.42 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.
F16 The RSUs vest in 16 equal quarterly installments over four years, beginning November 28, 2023, subject to the continuing service of the Reporting Person on each vesting date.
F17 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.