BILL Holdings, Inc. — Director's Dealing 2021

May 13, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Bill.com Holdings, Inc. (BILL)
CIK: 0001786352
Period of Report: 2021-05-10

Reporting Person: Rettig John R. (CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-10	Common Stock	M	4000	$5.26	Acquired	64000	Direct
2021-05-10	Common Stock	M	1500	$8.76	Acquired	65500	Direct
2021-05-10	Common Stock	M	1000	$69.37	Acquired	66500	Direct
2021-05-10	Common Stock	S	1098	$140.8423	Disposed	65402	Direct
2021-05-10	Common Stock	S	2699	$141.7276	Disposed	62703	Direct
2021-05-10	Common Stock	S	1303	$142.7103	Disposed	61400	Direct
2021-05-10	Common Stock	S	200	$143.625	Disposed	61200	Direct
2021-05-10	Common Stock	S	700	$145.1814	Disposed	60500	Direct
2021-05-10	Common Stock	S	100	$145.93	Disposed	60400	Direct
2021-05-10	Common Stock	S	400	$146.975	Disposed	60000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-10	Employee Stock Option (Right to Buy)	$5.26	M	4000	Disposed	2028-08-01	Common Stock (4000)	Direct
2021-05-10	Employee Stock Option (Right to Buy)	$8.76	M	1500	Disposed	2029-02-12	Common Stock (1500)	Direct
2021-05-10	Employee Stock Option (Right to Buy)	$69.37	M	1000	Disposed	2030-05-27	Common Stock (1000)	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 $140.21 to $141.20 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.

F3: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $141.23 to $142.11 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.

F4: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $142.25 to $143.11 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 $143.57 to $143.68 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.

F6: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $144.79 to $145.64 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.

F7: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $146.94 to $146.99 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.

F8: The option vests 1/48th of the total shares monthly beginning September 2, 2018 until such time as the option is 100% vested, subject to the continuing service of the Reporting Person on each vesting date.

F9: Reflects one share less than previously reported. One additional share for this grant was inadvertently reported in the Reporting Holder's Form 3 in connection with the application of the reverse stock split of the Issuer's stock immediately prior to the closing of the Issuer's initial public offering.

F10: 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.

F11: 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.