BILL Holdings, Inc. — Director's Dealing 2021

Dec 18, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Bill.com Holdings, Inc. (BILL)
CIK: 0001786352
Period of Report: 2021-12-13

Reporting Person: Rettig John R. (CFO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-13	Restricted Stock Units	$	A	35000	Acquired		Common Stock (35000)	Direct
2021-12-13	Performance Stock Units	$	A	50000	Acquired		Common Stock (50000)	Direct

Footnotes

F1: Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock ("Common Stock").

F2: 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.

F3: Each Performance Stock Unit ("PSU") represents a conditional right to receive one share of Common Stock, subject to the continuing service of the Reporting Person on each vesting date.

F4: Upon the achievement of three increasing price thresholds for the Common Stock between the date of grant and the fifth anniversary of the date of grant, the shares of Common Stock subject to the PSUs will be earned and will vest in three tranches: first, as to 30% of the PSUs, upon the achievement of an initial price threshold achieved no earlier than 12/13/2022; second, as to 40% of the PSUs, upon the achievement of an increased price threshold achieved no earlier than 12/13/2023; and lastly, as to the remaining 30% of the PSUs, upon the achievement of a further increased price threshold achieved no earlier than 12/13/2024. Once earned, the applicable PSUs will vest on the next vesting date of 02/28, 05/28, 08/28 or 11/28.