John R. Rettig - 28 May 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 May 2025
Net transactions value: -$434,214
Form type: 4
Filing time: 30 May 2025, 16:30:26 UTC
Previous filing: 04 Mar 2025
Next filing: 21 Aug 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Rettig John R.	CFO	C/O BILL HOLDINGS, INC., 6220 AMERICA CENTER DR., SUITE 100, SAN JOSE	/s/ Rajesh Aji, Attorney-in-Fact	30 May 2025	0001550715

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BILL	Common Stock	Options Exercise		+17,322	+21%		99,971	28 May 2025	Direct	F1, F2
transaction	BILL	Common Stock	Options Exercise		+1,894	+1.9%		101,865	28 May 2025	Direct	F3
transaction	BILL	Common Stock	Tax liability	$434,214	-9,762	-9.6%	$44.48	92,103	28 May 2025	Direct	F4
holding	BILL	Common Stock						80,474	28 May 2025	See footnote	F5

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	-50%	$0.000000	1,115	28 May 2025	Common Stock	1,114		Direct	F1, F6
transaction	BILL	Restricted Stock Unit	Options Exercise	$0	-2,187	-33%	$0.000000	4,375	28 May 2025	Common Stock	2,187		Direct	F1, F7
transaction	BILL	Restricted Stock Unit	Options Exercise	$0	-4,287	-17%	$0.000000	21,436	28 May 2025	Common Stock	4,287		Direct	F1, F8
transaction	BILL	Restricted Stock Unit	Options Exercise	$0	-2,612	-10%	$0.000000	23,515	28 May 2025	Common Stock	2,612		Direct	F1, F9
transaction	BILL	Restricted Stock Unit	Options Exercise	$0	-7,122	-7.1%	$0.000000	92,593	28 May 2025	Common Stock	7,122		Direct	F1, F10
transaction	BILL	Performance Stock Units	Options Exercise	$0	-1,894	-50%	$0.000000	1,894	28 May 2025	Common Stock	1,894		Direct	F3, F11

* 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 231 shares of the Issuer's Common Stock acquired under the Issuer's employee stock purchase plan on May 15, 2025.
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 the tax withholding obligation in connection with the vesting of RSUs and PSUs.
F5	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.
F6	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.
F7	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.
F8	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.
F9	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.
F10	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.
F11	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.