BILL Holdings, Inc. — Director's Dealing 2021

Dec 1, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Bill.com Holdings, Inc. (BILL)
CIK: 0001786352
Period of Report: 2021-11-28

Reporting Person: Lacerte Rene A. (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-22	Common Stock	G	25000	$0.00	Disposed	1958749	Indirect
2021-11-28	Common Stock	M	10000	—	Acquired	67133	Direct
2021-11-28	Common Stock	M	2785	—	Acquired	69918	Direct
2021-11-29	Common Stock	S	316	$292.0544	Disposed	69602	Direct
2021-11-29	Common Stock	S	855	$293.3087	Disposed	68747	Direct
2021-11-29	Common Stock	S	1310	$294.1505	Disposed	67437	Direct
2021-11-29	Common Stock	S	1015	$295.2176	Disposed	66422	Direct
2021-11-29	Common Stock	S	933	$296.2764	Disposed	65489	Direct
2021-11-29	Common Stock	S	369	$297.0879	Disposed	65120	Direct
2021-11-29	Common Stock	S	76	$298.0988	Disposed	65043	Direct
2021-11-29	Common Stock	S	178	$299.1324	Disposed	64865	Direct
2021-11-29	Common Stock	S	980	$300.3534	Disposed	63885	Direct
2021-11-29	Common Stock	S	156	$301.7375	Disposed	63729	Direct
2021-11-29	Common Stock	S	86	$302.6603	Disposed	63643	Direct
2021-11-29	Common Stock	S	267	$303.4606	Disposed	63376	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-11-28	Restricted Stock Units	$	M	10000	Disposed		Common Stock (10000)	Direct
2021-11-28	Restricted Stock Units	$	M	2785	Disposed		Common Stock (2785)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	135000	Indirect
Common Stock	135000	Indirect
Common Stock	163125	Indirect
Common Stock	163125	Indirect

Footnotes

F1: Represents shares of the Issuer's common stock that the Reporting Person donated as a gift to a donor advised fund.

F2: The shares are held by Chung Lacerte Trust U/A dated February 15, 2004, Rene A. Lacerte and Joyce A. Chung, Trustees.

F3: Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.

F4: The sale of shares is for the sole purpose of covering the Reporting Person's tax liability with respect to the settlement of RSUs.

F5: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $291.61 to $292.60 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F6: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $292.68 to $293.67 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F7: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $293.69 to $294.68 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F8: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $294.71 to $295.67 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F9: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $295.71 to $296.70 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F10: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $296.72 to $297.64 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F11: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $297.83 to $298.20 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F12: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $298.92 to $299.66 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F13: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $300.00 to $300.98 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F14: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $301.13 to $302.09 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F15: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $302.18 to $303.00 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F16: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $303.4344 to $303.4878 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

F17: 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.

F18: The shares are held by Ilio Irrevocable Trust, Rene Lacerte and Joyce Chung, Trustees.

F19: The shares are held by Nene Irrevocable Trust, Rene Lacerte and Joyce Chung, Trustees.

F20: 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.

F21: 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.