STOCK TITAN
  1. Home
  2. Sec-filings
  3. BILL
  4. [144] BILL Holdings, Inc. SEC Filing

BILL Holdings trust proposes $1.03M stock sale

A trust associated with BILL stock filed to sell 21,124 shares under Rule 144, alongside disclosure of earlier 10b5-1 sales.

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

BILL Holdings, Inc. (BILL) received a Rule 144 notice for a proposed sale of 21,124 shares of common stock held by the Ilio Irrevocable Trust, arising from previously exercised options, with sales for cash noted as of August 26, 2024 and Morgan Stanley Smith Barney LLC named as broker. The notice also lists prior Rule 10b5-1 sales on September 2, 2026 by Rene A. Lacerte and related entities.

Positive

  • None.

Negative

  • None.
Shares proposed to be sold under Rule 144 21,124 shares Common stock held by Ilio Irrevocable Trust, identified as previously exercised options
Market value of shares in notice $1,030,006.24 Value tied to 21,124 BILL common shares in the securities information section
Shares outstanding 85,276,782 shares BILL common stock outstanding as of September 3, 2026
10b5-1 sale by Rene A. Lacerte 141,256 shares for $6,839,248.25 Common stock sold on September 2, 2026 under a Rule 10b5-1 plan
10b5-1 sale by Makahakama Foundation 35,000 shares for $1,694,609.00 Common stock sold on September 2, 2026 under a Rule 10b5-1 plan
10b5-1 sale by Makahakama Trust 38,739 shares for $1,875,641.66 Common stock sold on September 2, 2026 under a Rule 10b5-1 plan
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
10b5-1 regulatory
"10b5-1 Sales for RENE A LACERTE 6220 America Center Drive"
A 10b5-1 plan is a pre-set schedule that lets company insiders buy or sell shares according to written instructions made when they do not possess material, nonpublic information. Think of it as a timed automatic payment for stock trades: it helps insiders avoid accusations of trading on secret information and gives outside investors a clearer signal about whether sales are routine or potentially informative about the company’s prospects.
Irrevocable Trust financial
"Name of Person for Whose Account the Securities are To Be Sold | Ilio Irrevocable Trust"
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
Previously Exercised Options financial
"Common | 08/26/2024 | Previously Exercised Options | Issuer"

FAQ

What does this Form 144 filing mean for BILL (BILL) shares?
The filing reports a planned Rule 144 sale of 21,124 BILL common shares by the Ilio Irrevocable Trust, plus disclosure of recent Rule 10b5-1 sales by Rene A. Lacerte and related entities. It is a notice of potential sales, not an executed trade confirmation.

How many BILL (BILL) shares are proposed to be sold by the Ilio Irrevocable Trust?
The Ilio Irrevocable Trust reports a proposed sale of 21,124 shares of BILL common stock under Rule 144. The shares are identified as coming from previously exercised options, with sales for cash noted as of August 26, 2024.

What is the reported market value and outstanding BILL (BILL) shares in this notice?
The notice lists 21,124 BILL common shares with a value of $1,030,006.24 and references 85,276,782 shares of common stock outstanding as of September 3, 2026 on the NYSE. These figures provide context for the size of the proposed sale.

Who is the broker named for the proposed BILL (BILL) share sale?
The proposed sale of 21,124 BILL common shares by the Ilio Irrevocable Trust lists Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza in New York, as the broker handling the transaction.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

Source: View Original Filing on SEC EDGAR