Bowman Mary Kay 4

What Happened

• Mary Kay Bowman, EVP, Payments and Financial Services at BILL Holdings (BILL), had equity awards convert into common stock on 2026-05-28. The filing shows gross conversion of 18,934 shares from RSUs/PSUs (14,787 + 4,147). To satisfy tax withholding, 6,976 shares were withheld and disposed at $34.85 per share for proceeds of $243,114. The net shares delivered to Bowman after withholding were 11,958 (18,934 gross − 6,976 withheld).
• This activity reflects award vesting/conversion (derivative exercise/conversion) rather than an open-market purchase or a voluntary sale; the only shares sold/removed were withheld to cover tax obligations.

Key Details

• Transaction date: May 28, 2026. Form filed June 1, 2026 (timely).
• Gross converted: 18,934 shares (from RSUs/PSUs per footnotes). Net received after withholding: 11,958 shares.
• Tax withholding: 6,976 shares withheld at $34.85 = $243,114 (reported as Payment/Tax withholding, code F).
• Derivative codes: M = exercise/conversion of RSUs/PSUs; F = tax withholding. Footnotes confirm RSU and PSU vesting schedules and that shares were withheld to satisfy tax obligations.
• Shares owned after the transaction are not specified in the filing.

Context

• This is a routine vesting/convert-and-withhold transaction: RSUs/PSUs converted to common stock and a portion withheld to cover taxes (cashless withholding). Such filings document compensation-related equity events and do not necessarily indicate a buy/sell signal by the insider.