Bowman Mary Kay 4

What Happened
Mary Kay Bowman, EVP — Payments and Financial Services at BILL Holdings (BILL), had RSUs/PSUs convert into 18,935 shares on February 28, 2026. To satisfy tax withholding obligations, 5,063 of those shares were withheld at $44.19 per share, generating $223,734. The remaining 13,872 shares were issued to Bowman (the filing shows conversion entries and corresponding derivative disposals at $0, consistent with issuance from vested awards).

Key Details

• Transaction date: February 28, 2026; Form 4 filed March 3, 2026.
• Converted/issued: 18,935 shares (14,788 + 4,147 per filing line items).
• Shares withheld for taxes: 5,063 @ $44.19 = $223,734 (recorded as payment of tax liability).
• Other disposals in the filing (7,451; 4,147; 7,337) reflect conversion/derivative reporting related to RSUs/PSUs.
• Shares owned after transaction: not disclosed in the filing.
• Footnotes: RSUs and PSUs represent contingent/conditional rights to receive one share each; withholding was used to satisfy tax obligations; vesting schedules are detailed in the filing (see F4–F6).

Context

• This was not an open-market sale; the $223,734 reflects shares withheld to cover taxes on vested awards, a routine administrative step following vesting.
• The filing reports derivative exercises/conversions (code M) and tax withholding (code F). These transactions are award-related rather than discretionary purchases or sales indicating market sentiment.