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

Role
CEO, Director
Signature
/s/ Rajesh Aji, Attorney-in-Fact
Issuer symbol
BILL
Transactions as of
28 Nov 2023
Net transactions value
-$818,195
Form type
4
Filing time
30 Nov 2023, 19:20:40 UTC
Previous filing
06 Sep 2023
Next filing
01 Mar 2024
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 +13% 86,488 28 Nov 2023 Direct F1, F2
transaction BILL Common Stock Options Exercise +2,785 +3.2% 89,273 28 Nov 2023 Direct F1
transaction BILL Common Stock Options Exercise +5,358 +6% 94,631 28 Nov 2023 Direct F1
transaction BILL Common Stock Options Exercise +3,657 +3.9% 98,288 28 Nov 2023 Direct F1
transaction BILL Common Stock Options Exercise +2,366 +2.4% 100,654 28 Nov 2023 Direct F3
transaction BILL Common Stock Sale $373,963 -5,583 -5.5% $66.98 95,071 29 Nov 2023 Direct F4, F5
transaction BILL Common Stock Sale $413,587 -6,106 -6.4% $67.73 88,965 29 Nov 2023 Direct F4, F6
transaction BILL Common Stock Sale $30,645 -448 -0.5% $68.40 88,517 29 Nov 2023 Direct F4, F7
holding BILL Common Stock 1,708,749 28 Nov 2023 See Footnote F8
holding BILL Common Stock 135,000 28 Nov 2023 See Footnote F9
holding BILL Common Stock 135,000 28 Nov 2023 See Footnote F9
holding BILL Common Stock 163,125 28 Nov 2023 See Footnote F10
holding BILL Common Stock 163,125 28 Nov 2023 See Footnote F11
holding BILL Common Stock 205,000 28 Nov 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 -10,000 -33% $0.000000 20,000 28 Nov 2023 Common Stock 10,000 Direct F1, F13
transaction BILL Restricted Stock Units Options Exercise $0 -2,785 -12% $0.000000 19,497 28 Nov 2023 Common Stock 2,785 Direct F1, F14
transaction BILL Restricted Stock Units Options Exercise $0 -5,358 -8.3% $0.000000 58,948 28 Nov 2023 Common Stock 5,358 Direct F1, F15
transaction BILL Restricted Stock Units Options Exercise $0 -3,657 -6.2% $0.000000 54,867 28 Nov 2023 Common Stock 3,657 Direct F1, F16
transaction BILL Performance Stock Units Options Exercise $0 -2,366 -12% $0.000000 16,571 28 Nov 2023 Common Stock 2,366 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.