BILL Holdings, Inc. — Director's Dealing 2021

Sep 1, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Bill.com Holdings, Inc. (BILL)
CIK: 0001786352
Period of Report: 2021-08-28

Reporting Person: Aji Rajesh A. (General Counsel & CCO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-08-28	Common Stock	M	937	—	Acquired	5294	Direct
2021-08-30	Common Stock	S	15	$274.561	Disposed	5279	Direct
2021-08-30	Common Stock	S	12	$275.7322	Disposed	5268	Direct
2021-08-30	Common Stock	S	43	$276.9996	Disposed	5224	Direct
2021-08-30	Common Stock	S	18	$278.40	Disposed	5207	Direct
2021-08-30	Common Stock	S	31	$280.1681	Disposed	5176	Direct
2021-08-30	Common Stock	S	12	$281.9001	Disposed	5164	Direct
2021-08-30	Common Stock	S	51	$283.1555	Disposed	5113	Direct
2021-08-30	Common Stock	S	91	$283.9451	Disposed	5022	Direct
2021-08-30	Common Stock	S	7	$288.55	Disposed	5014	Direct
2021-08-30	Common Stock	S	138	$290.0335	Disposed	4876	Direct
2021-08-30	Common Stock	S	57	$291.0528	Disposed	4819	Direct
2021-08-30	Common Stock	M	1562	$11.20	Acquired	6381	Direct
2021-08-30	Common Stock	M	625	$69.37	Acquired	7006	Direct
2021-08-30	Common Stock	S	2187	$290.00	Disposed	4819	Direct
2021-08-30	Common Stock	G	2178	$0.00	Disposed	2641	Direct
2021-08-30	Common Stock	G	2178	$0.00	Acquired	2178	Indirect
2021-08-30	Common Stock	G	2179	$0.00	Disposed	462	Direct
2021-08-30	Common Stock	G	2179	$0.00	Acquired	2179	Indirect
2021-08-30	Common Stock	S	2178	$278.2353	Disposed	0	Indirect
2021-08-30	Common Stock	S	2179	$279.96	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-08-28	Restricted Stock Units	$	M	937	Disposed		Common Stock (937)	Direct
2021-08-30	Employee Stock Option (Right to Buy)	$11.20	M	1562	Disposed	2029-05-14	Common Stock (1562)	Direct
2021-08-30	Employee Stock Option (Right to Buy)	$69.37	M	625	Disposed	2030-05-27	Common Stock (625)	Direct

Footnotes

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

F2: The sale of shares is for the sole purpose of covering the Reporting Person's tax liability with respect to the settlement of RSUs.

F3: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $274.44 to $274.62 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.

F4: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $275.46 to $276.24 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.

F5: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $276.76 to $277.39 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 $278.13 to $278.84 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 $279.93 to $280.63 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 $281.68 to $282.66 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.

F9: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $282.78 to $283.53 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 $283.84 to $284.43 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 $290.00 to $290.45 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 $291.04 to $291.09 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.

F13: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

F14: The shares are held by the Monsoon Irrevocable Trust dated December 5, 2020, of which the Reporting Person's brother is trustee.

F15: The shares are held by the Sunshine Irrevocable Trust dated December 5, 2020 of which the Reporting Person's brother is trustee.

F16: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $278.13 to $278.26 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 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.

F18: The option vests 1/48th of the total shares monthly beginning June 15, 2019 until such time as the option is 100% vested, subject to the continuing service of the Reporting Person on each vesting date.

F19: The option vests 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.