John R. Rettig - 28 Feb 2025 Form 4 Insider Report for BILL Holdings, Inc. (BILL)

Role: CFO
Signature: /s/ Rajesh Aji, Attorney-in-Fact
Issuer symbol: BILL
Transactions as of: 28 Feb 2025
Net transactions value: -$394,018
Form type: 4
Filing time: 04 Mar 2025, 21:23:35 UTC
Previous filing: 02 Dec 2024
Next filing: 30 May 2025
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		+17,325	+25%		87,662	28 Feb 2025	Direct	F1
transaction	BILL	Common Stock	Options Exercise		+1,894	+2.2%		89,556	28 Feb 2025	Direct	F2
transaction	BILL	Common Stock	Tax liability	$394,018	-7,138	-8%	$55.20	82,418	28 Feb 2025	Direct	F3
holding	BILL	Common Stock						80,474	28 Feb 2025	See footnote	F4

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	-1,114	-33%	$0.000000	2,229	28 Feb 2025	Common Stock	1,114		Direct	F1, F5
transaction	BILL	Restricted Stock Unit	Options Exercise	$0	-2,188	-25%	$0.000000	6,562	28 Feb 2025	Common Stock	2,188		Direct	F1, F6
transaction	BILL	Restricted Stock Unit	Options Exercise	$0	-4,287	-14%	$0.000000	25,723	28 Feb 2025	Common Stock	4,287		Direct	F1, F7
transaction	BILL	Restricted Stock Unit	Options Exercise	$0	-2,613	-9.1%	$0.000000	26,127	28 Feb 2025	Common Stock	2,613		Direct	F1, F8
transaction	BILL	Restricted Stock Unit	Options Exercise	$0	-7,123	-6.7%	$0.000000	99,715	28 Feb 2025	Common Stock	7,123		Direct	F1, F9
transaction	BILL	Performance Stock Units	Options Exercise	$0	-1,894	-33%	$0.000000	3,788	28 Feb 2025	Common Stock	1,894		Direct	F2, F10

* 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 shares are held by the Rettig Living Trust U/A DTD 12/02/2020, of which the Reporting Person and his spouse are co-trustees.
F5	The RSUs vest in 16 equal quarterly installments over four years, beginning November 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 February 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, 2022, subject to the continuing 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 RSUs vest in 16 equal quarterly installments over four years, beginning November 28, 2024, subject to the continuing service of the Reporting Person on each vesting date.
F10	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.