BILL Holdings, Inc. — Director's Dealing 2021

Aug 18, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Bill.com Holdings, Inc. (BILL)
CIK: 0001786352
Period of Report: 2021-07-20

Reporting Person: Chung Bora (Chief Experience Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-08-16	Common Stock	M	15129	$8.76	Acquired	42025	Direct
2021-08-16	Common Stock	M	2470	$11.20	Acquired	44495	Direct
2021-08-16	Common Stock	M	1250	$69.37	Acquired	45745	Direct
2021-08-16	Common Stock	S	1876	$195.2787	Disposed	43869	Direct
2021-08-16	Common Stock	S	2406	$196.2386	Disposed	41463	Direct
2021-08-16	Common Stock	S	2000	$197.2433	Disposed	39463	Direct
2021-08-16	Common Stock	S	2982	$198.2577	Disposed	36481	Direct
2021-08-16	Common Stock	S	1764	$199.1745	Disposed	34717	Direct
2021-08-16	Common Stock	S	5000	$200.5214	Disposed	29717	Direct
2021-08-16	Common Stock	S	2693	$201.02	Disposed	27024	Direct
2021-08-16	Common Stock	S	1031	$202.1026	Disposed	25993	Direct
2021-08-16	Common Stock	S	100	$203.189	Disposed	25893	Direct
2021-08-16	Common Stock	S	200	$206.06	Disposed	25693	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-20	Employee Stock Option (Right to Buy)	$194.41	A	6267	Acquired	2031-07-19	Common Stock (6267)	Direct
2021-07-20	Restricted Stock Units	$	A	10027	Acquired	2031-07-20	Common Stock (10027)	Direct
2021-08-16	Employee Stock Option (Right to Buy)	$8.76	M	15129	Disposed	2029-02-12	Common Stock (15129)	Direct
2021-08-16	Employee Stock Option (Right to Buy)	$11.20	M	2470	Disposed	2029-05-14	Common Stock (2470)	Direct
2021-08-16	Employee Stock Option (Right to Buy)	$69.37	M	1250	Disposed	2030-05-27	Common Stock (1250)	Direct

Footnotes

F1: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

F2: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $194.725 to $195.70 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.

F3: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $195.78 to $196.77 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 $196.78 to $197.765 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 $197.78 to $198.73 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 $198.78 to $199.69 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 $199.84 to $200.83 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 $200.84 to $201.65 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 $201.85 to $202.50 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 $203.15 to $203.29 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 option vests 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.

F12: Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.

F13: 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.

F14: The option vested 25% of the total shares on December 10, 2019 and thereafter 1/48th 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.

F15: The option vested 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.

F16: 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.