BILL Holdings, Inc. — Director's Dealing 2021

Jun 4, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Bill.com Holdings, Inc. (BILL)
CIK: 0001786352
Period of Report: 2021-05-28

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-21	Common Stock	G	28125	$0.00	Disposed	2061874	Indirect
2021-05-21	Common Stock	G	28125	$0.00	Acquired	203125	Indirect
2021-05-21	Common Stock	G	28125	$0.00	Disposed	2033749	Indirect
2021-05-21	Common Stock	G	28125	$0.00	Acquired	203125	Indirect
2021-05-28	Common Stock	M	10000	—	Acquired	48022	Direct
2021-06-01	Common Stock	S	1114	$144.992	Disposed	46908	Direct
2021-06-01	Common Stock	S	1460	$146.0835	Disposed	45448	Direct
2021-06-01	Common Stock	S	728	$146.90	Disposed	44721	Direct
2021-06-01	Common Stock	S	429	$147.8831	Disposed	44291	Direct
2021-06-01	Common Stock	S	1317	$149.0404	Disposed	42974	Direct
2021-06-02	Common Stock	S	295	$150.8704	Disposed	42679	Direct
2021-06-02	Common Stock	S	900	$151.85	Disposed	41779	Direct
2021-06-02	Common Stock	S	500	$152.686	Disposed	41279	Direct
2021-06-02	Common Stock	S	800	$153.8212	Disposed	40479	Direct
2021-06-02	Common Stock	S	1959	$155.1964	Disposed	38520	Direct
2021-06-02	Common Stock	S	498	$155.6976	Disposed	38022	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-28	Restricted Stock Units	$	M	10000	Disposed		Common Stock (10000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	135000	Indirect
Common Stock	135000	Indirect

Footnotes

F1: The shares are held by Chung Lacerte Trust U/A dated February 15, 2004, Rene A. Lacerte and Joyce A. Chung, Trustees.

F2: The shares are held by Ilio Irrevocable Trust, Rene Lacerte and Joyce Chung, Trustees.

F3: The shares are held by Nene Irrevocable Trust, Rene Lacerte and Joyce Chung, Trustees.

F4: Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.

F5: The sale of shares is for the sole purpose of covering the Reporting Person's tax liability with respect to the settlement of RSUs.

F6: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $144.43 to $145.42 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 $145.44 to $146.43 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.

F8: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $146.45 to $147.44 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 $147.47 to $148.40 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 $148.51 to $149.19 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 sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.

F12: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $150.35 to $151.20 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.

F13: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $151.37 to $152.34 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 $152.40 to $153.37 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 $153.48 to $154.46 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 $154.60 to $155.59 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 reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $155.63 to $155.79 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.

F18: 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.

F19: 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.