Peter A. Feld - 17 Oct 2025 Form 4 Insider Report for BILL Holdings, Inc. (BILL)

Reporting relationship: Director
Issuer ticker: BILL
Reported as of: 17 Oct 2025
Net transaction value: $0
SEC form: 4
Accepted by SEC: 21 Oct 2025, 20:18:44 UTC
Prior SEC filing: 15 Aug 2025
Next SEC filing: 02 Jun 2026
Source filing: View source filing
Reporting owner signature: /s/ Lindsey Cara, Attorney-in-Fact for Peter A. Feld

Key filing fact

Peter A. Feld filed Form 4 for BILL Holdings, Inc. (BILL) on 21 Oct 2025.

Key facts

This page summarizes Peter A. Feld's Form 4 filing for BILL Holdings, Inc. (BILL).
1 reported transaction and 2 derivative rows are listed below.
Accepted by SEC: 21 Oct 2025, 20:18.

Change

Previous filing in this sequence was filed on 15 Aug 2025.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001410600 Primary reporting owner

Feld Peter A

Relationship: Director
Address: 201 E LAS OLAS BOULEVARD, SUITE 1000, FORT LAUDERDALE
Signature: /s/ Lindsey Cara, Attorney-in-Fact for Peter A. Feld
Signature date: 21 Oct 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BILL holding

Common Stock, $0.00001 par value

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 7,025,748
Date: 17 Oct 2025
Ownership: By Starboard Value LP
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

BILL transaction Derivative

Restricted Stock Unit

Award

Transaction value: $0
Shares: +7,831
Change %
Price: $0.000000
Shares after: 7,831
Date: 17 Oct 2025
Ownership: Direct
Underlying class: Common Stock, $0.00001 par value
Underlying amount: 7,831
Exercise price
Footnotes: F2, F3

BILL holding Derivative

Forward Purchase Contract

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,614,152
Date: 17 Oct 2025
Ownership: By Starboard Value LP
Underlying class: Common Stock, $0.00001 par value
Underlying amount: 1,614,152
Exercise price
Footnotes: F1, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Starboard Value LP ("Starboard") serves as the investment manager or manager of certain managed accounts and private investment funds (collectively, the "Starboard Accounts"), which hold the securities reported herein and as such may be deemed to beneficially own such securities. The Reporting Person, as a Managing Member of Starboard, may be deemed to beneficially own the securities directly held by the Starboard Accounts for purposes of Section 16 of the Securities Exchange Act of 1934, as amended. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.

Footnote F2

Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.

Footnote F3

The RSUs vest as to 1/3 of the total shares annually on each of October 17, 2026, October 17, 2027, and October 17, 2028, subject to the continuing service of the Reporting Person on each vesting date.

Footnote F4

One of the Starboard Accounts has entered into forward purchase contracts with Nomura Global Financial Products Inc. as the counterparty providing for the purchase of an aggregate of 1,614,152 shares of the Issuer's Common Stock having an aggregate purchase price of $69,096,198 (the "Forward Contracts"). The Forward Contracts have a final valuation date of December 21, 2026, however, the Starboard Account has the ability to elect early settlement after serving notice to the counterparty of such intention at least two scheduled trading days in advance of the desired early final valuation date. Each of the Forward Contracts provides for physical settlement. Until the settlement date, none of the Forward Contracts give the Starboard Account voting and dispositive control over the shares to which such contracts relate.