4//SEC Filing
Feld Peter A 4
Accession 0000921895-25-002786
CIK 0001786352other
Filed
Oct 20, 8:00 PM ET
Accepted
Oct 21, 8:18 PM ET
Size
9.5 KB
Accession
0000921895-25-002786
Insider Transaction Report
Form 4
Feld Peter A
Director
Transactions
- Award
Restricted Stock Unit
2025-10-17+7,831→ 7,831 total→ Common Stock, $0.00001 par value (7,831 underlying)
Holdings
- 1,614,152(indirect: By Starboard Value LP)
Forward Purchase Contract
Exp: 2026-12-21→ Common Stock, $0.00001 par value (1,614,152 underlying) - 7,025,748(indirect: By Starboard Value LP)
Common Stock, $0.00001 par value
Footnotes (4)
- [F1]Starboard Value LP ("Starboard") serves as the investment manager or manager of certain managed accounts and private investment funds (collectively, the "Starboard Accounts"), which hold the securities reported herein and as such may be deemed to beneficially own such securities. The Reporting Person, as a Managing Member of Starboard, may be deemed to beneficially own the securities directly held by the Starboard Accounts for purposes of Section 16 of the Securities Exchange Act of 1934, as amended. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
- [F2]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.
- [F3]The RSUs vest as to 1/3 of the total shares annually on each of October 17, 2026, October 17, 2027, and October 17, 2028, subject to the continuing service of the Reporting Person on each vesting date.
- [F4]One of the Starboard Accounts has entered into forward purchase contracts with Nomura Global Financial Products Inc. as the counterparty providing for the purchase of an aggregate of 1,614,152 shares of the Issuer's Common Stock having an aggregate purchase price of $69,096,198 (the "Forward Contracts"). The Forward Contracts have a final valuation date of December 21, 2026, however, the Starboard Account has the ability to elect early settlement after serving notice to the counterparty of such intention at least two scheduled trading days in advance of the desired early final valuation date. Each of the Forward Contracts provides for physical settlement. Until the settlement date, none of the Forward Contracts give the Starboard Account voting and dispositive control over the shares to which such contracts relate.
Documents
Issuer
BILL Holdings, Inc.
CIK 0001786352
Entity typeother
Related Parties
1- filerCIK 0001410600
Filing Metadata
- Form type
- 4
- Filed
- Oct 20, 8:00 PM ET
- Accepted
- Oct 21, 8:18 PM ET
- Size
- 9.5 KB