Moss Kenneth A 4
4 · BILL Holdings, Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
BILL CTO Kenneth Moss Exercises Awards; 9,772 Shares Withheld
What Happened
- Kenneth A. Moss, Chief Technology Officer of BILL Holdings, converted/ exercised derivative awards (RSUs/PSUs) into 25,667 shares of BILL common stock on February 28, 2026. To satisfy the tax withholding obligation, 9,772 shares were withheld/sold at $44.19 per share for total proceeds of $431,825. After withholding, Moss received a net ~15,895 shares.
- Transaction codes: M = exercise/conversion of derivative awards; F = shares withheld to pay tax liability. Several line items report $0 cash proceeds related to the derivative settlement mechanics.
Key Details
- Date: February 28, 2026; Form 4 filed March 3, 2026 (no late filing flag in the provided excerpt).
- Gross shares acquired via conversion: 25,667.
- Shares withheld for taxes: 9,772 at $44.19 per share, total proceeds $431,825 (9,631 shares → $425,594; 141 shares → $6,231).
- Net shares delivered to Moss: 25,667 − 9,772 = 15,895.
- Relevant footnotes: F1/F2 define RSUs and PSUs; F4 notes shares were withheld to satisfy tax withholding; other footnotes describe vesting schedules for the awards.
- Post-transaction total holdings: not specified in the provided excerpt.
Context
- This was a conversion/settlement of restricted/performance awards (not an open-market purchase or voluntary sale). Withholding shares to cover taxes is a common, routine way to satisfy withholding on vesting and does not by itself signal a buy or sell intent.
- For retail investors: note this is insider compensation vesting and taxation activity — useful to track insider ownership changes but different from discretionary insider buys/sells.
Insider Transaction Report
Form 4
Moss Kenneth A
Chief Technology Officer
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-02-28+23,347→ 156,353 total - Exercise/Conversion
Common Stock
[F2]2026-02-28+1,983→ 158,336 total - Exercise/Conversion
Common Stock
[F1][F3]2026-02-28+337→ 4,136 total(indirect: See Footnote) - Tax Payment
Common Stock
[F4]2026-02-28$44.19/sh−9,631$425,594→ 148,705 total - Tax Payment
Common Stock
[F4][F3]2026-02-28$44.19/sh−141$6,231→ 3,995 total(indirect: See Footnote) - Exercise/Conversion
Restricted Stock Units
[F1][F5]2026-02-28−8,373→ 41,868 total→ Common Stock (8,373 underlying) - Exercise/Conversion
Performance Stock Units
[F2][F6]2026-02-28−1,983→ 11,894 total→ Common Stock (1,983 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F7]2026-02-28−3,561→ 35,613 total→ Common Stock (3,561 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F8]2026-02-28−11,413→ 22,825 total→ Common Stock (11,413 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F9][F3]2026-02-28−36→ 73 total(indirect: See Footnote)→ Common Stock (36 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F10][F3]2026-02-28−60→ 363 total(indirect: See Footnote)→ Common Stock (60 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F11][F3]2026-02-28−83→ 834 total(indirect: See Footnote)→ Common Stock (83 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F8][F3]2026-02-28−158→ 317 total(indirect: See Footnote)→ Common Stock (158 underlying)
Footnotes (11)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.
- [F10]The RSUs vest in 16 equal quarterly installments over four years, beginning November 28, 2023, subject to the continuing service of the Reporting Person on each vesting date.
- [F11]The RSUs vest in 16 equal quarterly installments over four years, beginning November 28, 2024, subject to the continuing service of the Reporting Person on each vesting date.
- [F2]Each Performance Stock Unit ("PSU") represents a conditional right to receive one share of the Issuer's Common Stock.
- [F3]Represents shares held by the Reporting Person's spouse. The Reporting Person disclaims beneficial ownership of the shares except to the extent of the Reporting Person's pecuniary interest therein, if any, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
- [F4]Represents shares withheld to satisfy the tax withholding obligation in connection with the vesting of RSUs and PSUs.
- [F5]The RSUs vest as to 1/4th of the total shares on May 28, 2024, and thereafter 1/16th of the total shares vest quarterly over three years, subject to the continued service of the Reporting Person on each vesting date.
- [F6]The PSUs vest over three years; 1/3rd vests on August 28, 2025, and thereafter the remaining 2/3rd will vest quarterly over two years, subject to the continuing service of the Reporting Person on each vesting date.
- [F7]The RSUs vest in 16 equal quarterly installments over four years, beginning November 28, 2024, subject to the continuing service of the Reporting Person on each vesting date.
- [F8]The RSUs vest in 4 equal quarterly installments over one year, beginning November 28, 2025, subject to the continuing service of the Reporting Person on each vesting date.
- [F9]The RSUs vest in 16 equal quarterly installments over four years, beginning November 28, 2022, subject to the continuing service of the Reporting Person on each vesting date.
Signature
/s/ Michael Dunn, Attorney-in-Fact|2026-03-03