Loren Padelford - Nov 28, 2023 Form 4 Insider Report for BILL Holdings, Inc. (BILL)

Role
CCO
Signature
/s/ Rajesh Aji, Attorney-in-Fact
Stock symbol
BILL
Transactions as of
Nov 28, 2023
Transactions value $
-$405,221
Form type
4
Date filed
11/30/2023, 07:25 PM
Previous filing
Aug 31, 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 +11.4K +402.12% 14.2K Nov 28, 2023 Direct F1
transaction BILL Common Stock Options Exercise +1.13K +7.94% 15.3K Nov 28, 2023 Direct F1
transaction BILL Common Stock Options Exercise +1.26K +8.19% 16.6K Nov 28, 2023 Direct F2
transaction BILL Common Stock Sale -$185K -2.77K -16.67% $66.98 13.8K Nov 29, 2023 Direct F3, F4
transaction BILL Common Stock Sale -$205K -3.02K -21.88% $67.73 10.8K Nov 29, 2023 Direct F3, F5
transaction BILL Common Stock Sale -$15.2K -222 -2.06% $68.40 10.6K Nov 29, 2023 Direct F3, F6

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 -11.4K -25% $0.00 34.1K Nov 28, 2023 Common Stock 11.4K Direct F1, F7
transaction BILL Restricted Stock Units Options Exercise $0 -1.13K -6.25% $0.00 16.9K Nov 28, 2023 Common Stock 1.13K Direct F1, F8
transaction BILL Performance Stock Units Options Exercise $0 -1.26K -12.5% $0.00 8.79K Nov 28, 2023 Common Stock 1.26K Direct F2, F9
* 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 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.
F4 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.
F5 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.
F6 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.
F7 The RSUs vest as to 1/4th of the total shares on November 28, 2023, and thereafter 1/16th of the total shares vest quarterly over three years, subject to the continued service of the Reporting Person on each vesting date.
F8 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.
F9 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.