BILL Holdings, Inc. — Director's Dealing 2021

Sep 9, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Bill.com Holdings, Inc. (BILL)
CIK: 0001786352
Period of Report: 2021-09-03

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-09-03	Common Stock	M	7841	$8.76	Acquired	45963	Direct
2021-09-03	Common Stock	S	7818	$298.291	Disposed	38145	Direct
2021-09-03	Common Stock	S	23	$299.0957	Disposed	38122	Direct
2021-09-07	Common Stock	M	1200	$8.76	Acquired	39322	Direct
2021-09-07	Common Stock	S	800	$298.7937	Disposed	38522	Direct
2021-09-07	Common Stock	S	400	$299.14	Disposed	38122	Direct
2021-09-08	Common Stock	M	15959	$8.76	Acquired	54081	Direct
2021-09-08	Common Stock	S	13231	$298.50	Disposed	40850	Direct
2021-09-08	Common Stock	S	2428	$299.2093	Disposed	38422	Direct
2021-09-08	Common Stock	S	300	$300.32	Disposed	38122	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-09-03	Employee Stock Option (Right to Buy	$8.76	M	7841	Disposed	2029-02-12	Common Stock (7841)	Direct
2021-09-07	Employee Stock Option (Right to Buy)	$8.76	M	1200	Disposed	2029-02-12	Common Stock (1200)	Direct
2021-09-08	Employee Stock Option (Right to Buy)	$8.76	M	15959	Disposed	2029-02-12	Common Stock (15959)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1983749	Indirect
Common Stock	135000	Indirect
Common Stock	135000	Indirect
Common Stock	163125	Indirect
Common Stock	163125	Indirect

Footnotes

F1: Includes 100 shares of Common Stock acquired under the Issuer's employee stock purchase plan on September 3, 2021.

F2: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

F3: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $298.00 to $298.895 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 $299.00 to $299.11 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 $298.09 to $200.06 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 $298.00 to $298.99 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 $299.00 to $299.63 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 $300.245 to $300.47 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 shares are held by Chung Lacerte Trust U/A dated February 15, 2004, Rene A. Lacerte and Joyce A. Chung, Trustees.

F10: 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.

F11: The shares are held by Ilio Irrevocable Trust, Rene Lacerte and Joyce Chung, Trustees.

F12: The shares are held by Nene Irrevocable Trust, Rene Lacerte and Joyce Chung, Trustees.

F13: The option vests 50% on December 10, 2020 and thereafter 1/48 of the total shares vest monthly until such time as the option is 100% vested, subject to the continuing service of the Reporting Person on each vesting date.