Moss Kenneth A 4

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.