BILL CEO Rene Lacerte Sells 257,243 Shares (~$12.53M)

What Happened
Rene A. Lacerte, CEO and director of BILL Holdings, sold a total of 257,243 shares in open‑market transactions on September 2–3, 2026, generating approximately $12,529,256 in proceeds. Individual lots reported include sales at reported prices of $48.00, $48.01, $48.59, $49.86, $50.01, $50.50 and $50.62 per share (several lots reported as weighted averages across price ranges). These transactions are reported as sales (code S) and were effected under a Rule 10b5‑1 trading plan (footnote F1).

Key Details

• Transaction dates: Sept 2–3, 2026 (reported on Form 4 filed Sept 4, 2026) — filing appears timely.
• Total shares sold: 257,243; total proceeds: ~$12,529,256.
• Price range reported across lots: roughly $48.00 to $50.62 per share (some lots reported as weighted averages across narrower ranges; see footnotes F2–F3, F6, F10–F13, F15).
• Sales executed under a Rule 10b5‑1 plan (F1) — indicates pre‑scheduled trades.
• Several lots were shares held in trusts for which Mr. Lacerte and his spouse serve as trustees (footnotes F11, F14, F16, F17, F5, F8).
• Shares owned after the transactions: not provided in the information supplied.
• Transaction code: S = Sale.

Context
Sales under 10b5‑1 plans are prearranged and common for executives managing liquidity; they do not, by themselves, prove a change in the insider’s view of the company. For retail investors, purchases by insiders are often more informative about confidence than routine, pre-scheduled sales. This filing is factual disclosure of the transactions — it does not state the insider’s reasons.