Rene A. Lacerte - 28 Feb 2024 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 Feb 2024
Net transactions value
-$635,432
Form type
4
Filing time
01 Mar 2024, 20:02:35 UTC
Previous filing
30 Nov 2023
Next filing
30 May 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 +11% 98,660 28 Feb 2024 Direct F1, F2
transaction BILL Common Stock Options Exercise +2,785 +2.8% 101,445 28 Feb 2024 Direct F1
transaction BILL Common Stock Options Exercise +5,359 +5.3% 106,804 28 Feb 2024 Direct F1
transaction BILL Common Stock Options Exercise +3,658 +3.4% 110,462 28 Feb 2024 Direct F1
transaction BILL Common Stock Options Exercise +2,367 +2.1% 112,829 28 Feb 2024 Direct F3
transaction BILL Common Stock Tax liability $635,432 -9,966 -8.8% $63.76 102,863 28 Feb 2024 Direct F4
holding BILL Common Stock 1,708,749 28 Feb 2024 See footnote F5
holding BILL Common Stock 135,000 28 Feb 2024 See footnote F6
holding BILL Common Stock 135,000 28 Feb 2024 See footnote F6
holding BILL Common Stock 163,125 28 Feb 2024 See footnote F7
holding BILL Common Stock 163,125 28 Feb 2024 See footnote F8
holding BILL Common Stock 205,000 28 Feb 2024 See footnote F9

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 -10,000 -50% $0.000000 10,000 28 Feb 2024 Common Stock 10,000 Direct F1, F10
transaction BILL Restricted Stock Unit Options Exercise $0 -2,785 -14% $0.000000 16,712 28 Feb 2024 Common Stock 2,785 Direct F1, F11
transaction BILL Restricted Stock Unit Options Exercise $0 -5,359 -9.1% $0.000000 53,589 28 Feb 2024 Common Stock 5,359 Direct F1, F12
transaction BILL Restricted Stock Unit Options Exercise $0 -3,658 -6.7% $0.000000 51,209 28 Feb 2024 Common Stock 3,658 Direct F1, F13
transaction BILL Performance Stock Units Options Exercise $0 -2,367 -14% $0.000000 14,204 28 Feb 2024 Common Stock 2,367 Direct F3, F14
* 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 143 shares of the Issuer's Common Stock acquired under the Issuer's employee stock purchase plan on February 6, 2024.
F3 Each Performance Stock Unit ("PSU") represents a conditional right to receive one share of the Issuer's Common Stock.
F4 Represents shares withheld to satisfy tax withholding obligation in connection with the vesting of RSUs and PSUs.
F5 The shares are held by Chung Lacerte Trust U/A dated February 15, 2004, Rene A. Lacerte and Joyce A. Chung, Trustees.
F6 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.
F7 The shares are held by Ilio Irrevocable Trust, Rene Lacerte and Joyce Chung, Trustees.
F8 The shares are held by Nene Irrevocable Trust, Rene Lacerte and Joyce Chung, Trustees.
F9 The shares are held by the Makahakama Foundation.
F10 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.
F11 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.
F12 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.
F13 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.
F14 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.