BILL Holdings CPO Michael Cieri Receives RSU Award

What Happened

• Michael Cieri, Chief Product Officer of BILL Holdings, was granted 46,856 Restricted Stock Units (RSUs) on September 15, 2026. The grant is reported as an award/acquisition (code A) at $0.00 per unit because RSUs are contingent rights to receive shares upon vesting, not an immediate cash purchase.

Key Details

• Transaction date: 2026-09-15; filing date: 2026-09-17 (filed within the Form 4 reporting window).
• Reported amount: 46,856 RSUs; reported price: $0.00 (derivative award).
• Shares owned after transaction: Not specified in this filing.
• Footnotes: F1—each RSU converts to one common share upon vesting; F2—vests in 12 equal quarterly installments over three years, beginning November 28, 2026, subject to continued service.
• Transaction type: Award (A) / derivative (RSU). No sale or open-market purchase occurred.

Context

• RSUs are compensation awards that convert into shares only if and when they vest; they are not immediately tradable and carry no immediate cash proceeds. Such grants are common for employee compensation and do not by themselves indicate a near-term buy or sell decision by the insider.