BILL CEO Rene Lacerte Receives 116,619 RSU Award

What Happened

• Rene A. Lacerte, CEO and Director of BILL Holdings, was granted 116,619 restricted stock units (RSUs) on 2026-09-15. The grant is reported as an award (derivative acquisition) at $0.00 per unit — RSUs are a contingent right to receive shares if vesting conditions are met. This was a compensation award, not a market purchase or sale.

Key Details

• Transaction date: 2026-09-15 (reported on Form 4 filed 2026-09-17); transaction code: A (Award/Grant).
• Amount: 116,619 RSUs; reported acquisition price: $0.00 (no cash exchanged at grant).
• Vesting: RSUs vest in 12 equal quarterly installments over three years, beginning November 28, 2026, subject to Lacerte’s continued service on each vesting date.
• Shares owned after transaction: Not disclosed in the filing.
• Filing timeliness: Form 4 was filed within normal reporting timeframe (no late filing indicated).
• Footnotes: Each RSU represents a contingent right to one share of common stock upon vesting.

Context

• RSUs are a form of equity compensation that convert to actual shares only as they vest; they do not represent immediate share ownership or proceeds. Because this is a grant/award, it reflects compensation incentive rather than an insider buying or selling stock.