BILL Holdings director converts 2,095 RSUs into common stock

BILL Holdings, Inc. director reported the vesting and settlement of previously granted restricted stock units into common shares.

Rhea-AI Filing Summary

BILL Holdings, Inc. director reported the vesting and settlement of previously granted restricted stock units into common shares. On December 5, 2025, 2,095 RSUs converted into an equal number of shares of BILL common stock at an exercise price of $0, increasing the director’s directly held position.

After this transaction, the director beneficially owned 9,537 shares of BILL common stock directly. An additional 219,965 shares are reported as indirectly owned through an estate planning vehicle, for which the director disclaims beneficial ownership except to the extent of any pecuniary interest. All of the reported RSUs were fully vested as of December 5, 2025.

Insider Trade Summary

2,095 shares exercised/converted

Exercise 3 txns

Insider JACOBS BRIAN

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	2,095	$0.00	$0.00
Exercise	Common Stock	2,095	$0.00	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct); Common Stock — 9,537 shares (Direct); Common Stock — 219,965 shares (Indirect, See footnote)

Footnotes (3)

1. F1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.
2. F2. The shares are held by an estate planning vehicle of the Reporting Person. The Reporting Person disclaims Section 16 beneficial ownership of these securities, except to the extent of his pecuniary interest therein.
3. F3. 100% of the RSUs vested on December 5, 2025.

FAQ

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

What insider transaction did BILL (BILL) report in this Form 4?

A director reported that 2,095 restricted stock units vested and were converted into 2,095 shares of BILL Holdings, Inc. common stock on December 5, 2025.

How many BILL Holdings (BILL) shares does the director now own directly?

Following the RSU conversion, the director directly owned 9,537 shares of BILL Holdings, Inc. common stock.

What indirect BILL (BILL) holdings does the reporting person have?

The filing reports 219,965 shares of BILL common stock held indirectly through an estate planning vehicle, with the director disclaiming beneficial ownership except for any pecuniary interest.

What are the terms of the restricted stock units in this BILL (BILL) filing?

Each restricted stock unit (RSU) represents a contingent right to receive one share of BILL common stock, and 100% of these RSUs vested on December 5, 2025.

Was there a cash exercise price for the BILL (BILL) RSUs converted in this transaction?

No cash outlay was required; the RSUs converted into common stock at an exercise price of $0 per share.

What is the reporting person’s relationship to BILL Holdings (BILL)?

The reporting person is identified as a director of BILL Holdings, Inc. and filed this Form 4 as an individual reporting person.

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

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Accepted by SEC EDGAR 12/09/2025 - 04:25 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

JACOBS BRIAN

(Last) (First) (Middle)

C/O BILL HOLDINGS, INC.

6220 AMERICA CENTER DR., SUITE 100

(Street)

SAN JOSE CA 95002

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BILL Holdings, Inc. [ BILL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/05/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	12/05/2025		M		2,095	A	(1)	9,537	D
Common Stock								219,965	I	See footnote(2)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	12/05/2025		M			2,095	(3)	(3)	Common Stock	2,095	$0	0	D

Explanation of Responses:

1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.

2. The shares are held by an estate planning vehicle of the Reporting Person. The Reporting Person disclaims Section 16 beneficial ownership of these securities, except to the extent of his pecuniary interest therein.

3. 100% of the RSUs vested on December 5, 2025.

	/s/ Michael Dunn, Attorney-in-Fact	12/09/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.