BILL CFO Rohini Jain Exercises Awards, Sells ~33K Shares

What Happened

• Rohini Jain, Chief Financial Officer of BILL Holdings, converted a total of 62,070 equity awards (50,315 + 11,755) that vested on August 28, 2026 (these are RSUs/PSUs). Of those shares, 28,600 were withheld to cover taxes at $50.31/share (value $1,438,866), and the remaining 33,470 shares were sold in open-market transactions on September 1, 2026 for aggregate proceeds of approximately $1,603,393 (29,555 shares at a weighted $47.80 and 3,915 shares at a weighted $48.70).

Key Details

• Transaction dates: Conversion/vesting on 2026-08-28; tax withholding recorded 2026-08-28; open-market sales executed 2026-09-01; Form 4 filed 2026-09-01.
• Prices/values: Tax withholding was at $50.31/share = $1,438,866. Open-market sales: 29,555 shares at weighted $47.80 ($1,412,720; range $47.51–$48.50) and 3,915 shares at weighted $48.70 ($190,673; range $48.51–$49.05).
• Shares owned after transaction: not disclosed in the provided filing.
• Notable footnotes: Conversions were RSUs (F1) and PSUs (F2); 28,600 shares were withheld for tax obligations associated with vesting (F3). Sales on 9/1 were effected pursuant to a Rule 10b5-1 trading plan adopted May 30, 2026 (F4). Vesting schedules: RSUs and PSUs had partial vesting on Aug 28, 2026 per F7–F8.
• Transaction codes: M = exercise/conversion of derivative (vesting/conversion of RSUs/PSUs), F = shares withheld for tax, S = open-market sale.

Context

• These transactions reflect award vesting followed by routine tax withholding and sales under a pre-established 10b5-1 plan, not a standalone open-market purchase. The conversion entries (M) are not option purchases with a cash exercise price but represent RSUs/PSUs converting into shares; the withholding (F) satisfied tax liabilities and remaining shares were sold (S).
• Filing appears timely (transaction period 8/28/2026; Form 4 filed 9/1/2026). No indication in this filing of gifts, loans, or insider purchases.