Rettig John R. 4

What Happened

• John R. Rettig, Chief Operating Officer of BILL Holdings, converted/exercised equity awards on Feb 28, 2026. The conversions resulted in 25,815 shares issued to him, of which 9,870 shares were withheld to satisfy tax withholding (payment value $436,155 at $44.19 per share). The net shares delivered to Rettig were 15,945. Several of the reported conversions show $0.00 as the per-share price, indicating settlement of restricted or performance-based awards rather than a cash option purchase.

Key Details

• Transaction date: 2026-02-28; Form 4 filed: 2026-03-03.
• Equity activity: conversions/exercises (transaction code M) totaling 25,815 shares; tax withholding (transaction code F) of 9,870 shares at $44.19/share = $436,155.
• Net shares received by the reporting person: 15,945 (25,815 issued minus 9,870 withheld).
• Shares following the transaction: not specified in the provided summary.
• Relevant footnotes: RSUs and PSUs convert to one share each (F1, F2); F3 confirms shares were withheld for tax withholding; F4 indicates shares are held by the Rettig Living Trust (co-trustee); F5–F9 describe vesting schedules for the awards.
• Filing timeliness: Form 4 was filed on March 3, 2026 (date provided on the filing).

Context

• This appears to be routine settlement of restricted stock units and/or performance stock units (not an open-market sale or purchase). The withheld shares to cover taxes are common in award settlements and do not necessarily indicate a voluntary sale by the insider.
• Transaction codes: M = option/exercise or conversion of derivative awards; F = shares withheld to satisfy tax obligations.