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.

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.

Key Figures

Shares proposed to be sold under Rule 144: 21,124 shares Market value of shares in notice: $1,030,006.24 Shares outstanding: 85,276,782 shares +3 more

6 metrics

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

Key Terms

Rule 144, 10b5-1, Irrevocable Trust, Previously Exercised Options

4 terms

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

What recent 10b5-1 sales related to BILL (BILL) are disclosed?

Disclosed Rule 10b5-1 sales on September 2, 2026 include 141,256 shares for Rene A. Lacerte for $6,839,248.25, 35,000 shares for the Makahakama Foundation for $1,694,609.00, and 38,739 shares for the Makahakama Trust for $1,875,641.66.

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.

When was the Rule 144 notice related to BILL (BILL) signed?

The notice bears a signature line for /s/ Rene Lacerte dated September 3, 2026. This date reflects when the Rule 144 notice related to the proposed sale by the Ilio Irrevocable Trust was signed.

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

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Available on EDGAR 09/03/2026 - 04:57 PM EDT Accepted by SEC EDGAR 09/03/2026 - 04:32 PM EDT Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001795497
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	BILL HOLDINGS, INC.
SEC File Number	001-39149
Address of Issuer	6220 America Center Drive, Suite 100 San Jose CALIFORNIA 95002
Phone	6506217700
Name of Person for Whose Account the Securities are To Be Sold	Ilio Irrevocable Trust
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Director
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	21124	1030006.24	85276782	09/03/2026	NYSE

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

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	08/26/2024	Previously Exercised Options	Issuer			21124	08/26/2024	Cash

* 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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for RENE A LACERTE 6220 America Center Drive, Suite 100 San Jose CA 95002	Common	09/02/2026	141256	6839248.25
10b5-1 Sales for MAKAHAKAMA FOUNDATION 6220 America Center Drive, Suite 100 San Jose CA 95002	Common	09/02/2026	35000	1694609.00
10b5-1 Sales for MAKAHAKAMA TRUST 6220 America Center Drive, Suite 100 San Jose CA 95002	Common	09/02/2026	38739	1875641.66

144: Remarks and Signature

Remarks
Date of Notice	09/03/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	06/03/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ RENE LACERTE
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)