Loren Padelford - Feb 28, 2024 Form 4 Insider Report for BILL Holdings, Inc. (BILL)

Role
CCO
Signature
/s/ Rajesh Aji, Attorney-in-Fact
Stock symbol
BILL
Transactions as of
Feb 28, 2024
Transactions value $
-$157,870
Form type
4
Date filed
3/1/2024, 07:47 PM
Previous filing
Nov 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BILL Common Stock Options Exercise +2.84K +26.89% 13.4K Feb 28, 2024 Direct F1
transaction BILL Common Stock Options Exercise +1.13K +8.42% 14.5K Feb 28, 2024 Direct F1
transaction BILL Common Stock Options Exercise +1.26K +8.63% 15.8K Feb 28, 2024 Direct F2
transaction BILL Common Stock Tax liability -$158K -2.48K -15.67% $63.76 13.3K Feb 28, 2024 Direct F3

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 Unit Options Exercise $0 -2.84K -8.33% $0.00 31.3K Feb 28, 2024 Common Stock 2.84K Direct F1, F4
transaction BILL Restricted Stock Unit Options Exercise $0 -1.13K -6.67% $0.00 15.8K Feb 28, 2024 Common Stock 1.13K Direct F1, F5
transaction BILL Performance Stock Units Options Exercise $0 -1.26K -14.28% $0.00 7.54K Feb 28, 2024 Common Stock 1.26K Direct F2, F6
* 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 the Issuer's Common Stock.
F3 Represents shares withheld to satisfy the tax withholding obligation in connection with the vesting of RSUs and PSUs.
F4 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.
F5 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.
F6 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.