BILL Holdings, Inc. — Director's Dealing 2021

Mar 3, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Bill.com Holdings, Inc. (BILL)
CIK: 0001786352
Period of Report: 2021-02-28

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-22	Common Stock	G	50000	$0.00	Disposed	2089999	Indirect
2021-02-28	Common Stock	M	10000	—	Acquired	48022	Direct
2021-03-01	Common Stock	S	786	$166.6529	Disposed	47236	Direct
2021-03-01	Common Stock	S	1330	$167.7101	Disposed	45906	Direct
2021-03-01	Common Stock	S	2855	$168.4158	Disposed	43051	Direct
2021-03-01	Common Stock	S	133	$169.3384	Disposed	42918	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-28	Restricted Stock Units	$	M	10000	Disposed		Common Stock (10000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	135000	Indirect
Common Stock	135000	Indirect
Common Stock	175000	Indirect
Common Stock	175000	Indirect

Footnotes

F1: Represents shares of the Issuer's common stock that the Reporting Person donated as a gift to a donor advised fund.

F2: The shares are held by Chung Lacerte Trust U/A dated February 15, 2004, Rene A. Lacerte and Joyce A. Chung, Trustees.

F3: Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.

F4: The sale of shares is for the sole purpose of covering the Reporting Person's tax liability with respect to the settlement of RSUs.

F5: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $166.13 to $167.10 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 $167.175 to $168.17 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 $168.19 to $169.18 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 $169.20 to $169.78 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 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.

F10: The shares are held by Ilio Irrevocable Trust, Rene Lacerte and Joyce Chung, Trustees.

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

F12: 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.