Rajesh A. Aji - 28 Feb 2024 Form 4 Insider Report for BILL Holdings, Inc. (BILL)

Role: CLO & CCO
Signature: /s/ Rajesh Aji
Issuer symbol: BILL
Transactions as of: 28 Feb 2024
Net transactions value: -$114,896
Form type: 4
Filing time: 01 Mar 2024, 19:52:42 UTC
Previous filing: 09 Feb 2024
Next filing: 05 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		+937	+11%		9,115	28 Feb 2024	Direct	F1
transaction	BILL	Common Stock	Options Exercise		+557	+6.1%		9,672	28 Feb 2024	Direct	F1
transaction	BILL	Common Stock	Options Exercise		+1,786	+18%		11,458	28 Feb 2024	Direct	F1
transaction	BILL	Common Stock	Options Exercise		+737	+6.4%		12,195	28 Feb 2024	Direct	F1
transaction	BILL	Common Stock	Options Exercise		+788	+6.5%		12,983	28 Feb 2024	Direct	F2
transaction	BILL	Common Stock	Tax liability	$114,896	-1,802	-14%	$63.76	11,181	28 Feb 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	-937	-50%	$0.000000	938	28 Feb 2024	Common Stock	937		Direct	F1, F4
transaction	BILL	Restricted Stock Unit	Options Exercise	$0	-557	-14%	$0.000000	3,343	28 Feb 2024	Common Stock	557		Direct	F1, F5
transaction	BILL	Restricted Stock Unit	Options Exercise	$0	-1,786	-9.1%	$0.000000	17,863	28 Feb 2024	Common Stock	1,786		Direct	F1, F6
transaction	BILL	Restricted Stock Unit	Options Exercise	$0	-737	-6.7%	$0.000000	10,315	28 Feb 2024	Common Stock	737		Direct	F1, F7
transaction	BILL	Performance Stock Units	Options Exercise	$0	-788	-14%	$0.000000	4,735	28 Feb 2024	Common Stock	788		Direct	F2, F8

* 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 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.
F5	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.
F6	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.
F7	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
F8	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.