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BILL Holdings, Inc.·4

Jun 1, 4:05 PM ET

Lacerte Rene A. 4

4 · BILL Holdings, Inc. · Filed Jun 1, 2026

Research Summary

AI-generated summary of this filing

Updated

BILL CEO Rene Lacerte Exercises Awards; Shares Withheld for Taxes

What Happened

  • Rene A. Lacerte, CEO and Director of BILL Holdings, converted vested equity awards (RSUs/PSUs) into common stock on May 28, 2026. A total of 31,286 award shares were converted. To satisfy tax withholding, 15,922 of those shares were withheld and disposed at $34.85 per share for proceeds of $554,882, leaving a net 15,364 shares issued to the reporting person/trusts.
  • The conversions show $0 exercise price for the awarded shares (typical for RSUs/PSUs). The transaction codes include M (exercise/conversion of derivative) and F (shares withheld to pay tax liability).

Key Details

  • Transaction date: May 28, 2026; Form 4 filed June 1, 2026 (filed within the two-business-day window).
  • Amounts: 31,286 shares converted in total; 15,922 shares withheld at $34.85 each = $554,882; net delivered shares = 15,364.
  • Price/terms: Many converted awards show $0 exercise price (these were RSUs/PSUs that vested), and the taxed shares were withheld (not an open-market sale).
  • Shares owned after transaction: Not specified in the provided filing excerpts.
  • Relevant footnotes: F1/F3 define RSUs and PSUs; F4 indicates shares were withheld to satisfy tax withholding; F11–F15 describe vesting schedules for the awards; F10/F5/F6–F9/F9 note various family trusts (e.g., Makahakama Trust) that hold shares.
  • Filing timeliness: Report appears timely (filed within two business days of the May 28 transaction).

Context

  • This was not an open-market sale or purchase but a conversion of vested awards with a cashless-type tax withholding (shares withheld to cover taxes), which is common when RSUs/PSUs vest.
  • Such conversions reflect routine compensation vesting rather than a discretionary market trade; withholding to cover taxes is standard and does not necessarily indicate a change in insider sentiment.

Insider Transaction Report

Form 4
Period: 2026-05-28
BILL Holdings, Inc.BILL
Lacerte Rene A.
DirectorCEO
Transactions
  • Exercise/Conversion

    Common Stock

    [F1][F2]
    2026-05-28+24,626→ 126,494 total
  • Exercise/Conversion

    Common Stock

    [F3]
    2026-05-28+6,660→ 133,154 total
  • Tax Payment

    Common Stock

    [F4]
    2026-05-28$34.85/sh−15,922$554,882→ 117,232 total
  • Exercise/Conversion

    Restricted Stock Unit

    [F1][F11]
    2026-05-28−5,359→ 5,359 total
    → Common Stock (5,359 underlying)
  • Exercise/Conversion

    Restricted Stock Unit

    [F1][F12]
    2026-05-28−3,658→ 18,289 total
    → Common Stock (3,658 underlying)
  • Exercise/Conversion

    Restricted Stock Unit

    [F1][F13]
    2026-05-28−8,309→ 74,787 total
    → Common Stock (8,309 underlying)
  • Exercise/Conversion

    Performance Stock Units

    [F3][F14]
    2026-05-28−6,660→ 33,304 total
    → Common Stock (6,660 underlying)
  • Exercise/Conversion

    Restricted Stock Unit

    [F1][F15]
    2026-05-28−7,300→ 65,700 total
    → Common Stock (7,300 underlying)
Holdings

  • Common Stock

    [F5]
    (indirect: See footnote)
    1,708,749

  • Common Stock

    [F6]
    (indirect: See footnote)
    135,000

  • Common Stock

    [F6]
    (indirect: See footnote)
    135,000

  • Common Stock

    [F7]
    (indirect: See footnote)
    184,249

  • Common Stock

    [F8]
    (indirect: See footnote)
    184,249

  • Common Stock

    [F9]
    (indirect: See footnote)
    205,000

  • Common Stock

    [F10]
    (indirect: See footnote)
    99,593
Footnotes (15)
  • [F1]Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.
  • [F10]The shares are held by Makahakama Trust U/A dated February 15, 2004, Rene A. Lacerte and Joyce A. Chung, Trustees.
  • [F11]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.
  • [F12]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.
  • [F13]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.
  • [F14]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.
  • [F15]The RSUs vest in 12 equal quarterly installments over three years, beginning November 28, 2025, subject to the continuing service of the Reporting Person on each vesting date.
  • [F2]Includes 403 shares of the Issuer's Common Stock acquired under the Issuer's employee stock purchase plan on May 15, 2026.
  • [F3]Each Performance Stock Unit ("PSU") represents a conditional right to receive one share of the Issuer's Common Stock.
  • [F4]Represents shares withheld to satisfy tax withholding obligation in connection with the vesting of RSUs and PSUs.
  • [F5]The shares are held by Chung Lacerte Trust U/A dated February 15, 2004, Rene A. Lacerte and Joyce A. Chung, Trustees.
  • [F6]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.
  • [F7]The shares are held by a trust for which the Reporting Person and his spouse serve as trustees.
  • [F8]The shares are held by an additional trust for which the Reporting Person and his spouse serve as trustees.
  • [F9]The shares are held by the Makahakama Foundation.
Signature
/s/ Michael Dunn, Attorney-in-Fact|2026-06-01

Documents

1 file
  • 4
    form4-06012026_040610.xmlPrimary