BILL CEO exercises RSUs and withholds shares for taxes
BILL Holdings CEO Rene A. Lacerte reported multiple equity compensation events on November 28, 2025.
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Form Type
4
Rhea-AI Filing Summary
BILL Holdings CEO Rene A. Lacerte reported multiple equity compensation events on November 28, 2025. Restricted and performance stock units vested and converted into 31,285 shares of Common Stock, while 15,889 shares were withheld at $50.15 per share to satisfy tax obligations. Following these events, he holds 82,826 Common Stock shares directly, is reported as indirectly holding 2,667,030 shares through trusts and the Makahakama Foundation, and has 213,388 Restricted Stock Units outstanding.
Insider Trade Summary
31,285 shares exercised/converted
Exercise
8 txns
Insider
Lacerte Rene A.
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 5,358 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 3,657 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 8,309 | $0.00 | $0.00 |
| Exercise | Performance Stock Units | 6,661 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 7,300 | $0.00 | $0.00 |
| Exercise | Common Stock | 24,624 | $0.00 | $0.00 |
| Exercise | Common Stock | 6,661 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 15,889 | $50.15 | $797K |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 213,388 contracts (Direct);
Performance Stock Units — 46,625 contracts (Direct);
Common Stock — 82,826 shares (Direct);
Common Stock — 2,667,030 shares (Indirect, See footnote)
Holdings Before and After:
Restricted Stock Unit, 238,012 to 213,388 contracts (Direct);
Performance Stock Units, 53,286 to 46,625 contracts (Direct);
Common Stock, 67,430 to 82,826 shares (Direct)
Footnotes (14)
- F1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.
- F2. Each Performance Stock Unit ("PSU") represents a conditional right to receive one share of the Issuer's Common Stock.
- F3. Represents shares withheld to satisfy tax withholding obligation in connection with the vesting of RSUs and PSUs.
- F4. The shares are held by Chung Lacerte Trust U/A dated February 15, 2004, Rene A. Lacerte and Joyce A. Chung, Trustees.
- F5. The shares are held by a family trust with Rene A. Lacerte and Joyce A. Chung, as Trustors, and Rene A. Lacerte, Joyce A. Chung, and Daniel C. Chung, as Trustees.
- F6. The shares are held by a trust for which the Reporting Person and his spouse serve as trustees.
- F7. The shares are held by an additional trust for which the Reporting Person and his spouse serve as trustees.
- F8. The shares are held by the Makahakama Foundation.
- F9. The shares are held by Makahakama Trust U/A dated February 15, 2004, Rene A. Lacerte and Joyce A. Chung, Trustees.
- F10. The RSUs vest in 16 equal quarterly installments over four years, beginning November 28, 2022, subject to the continuing service of the Reporting Person on each vesting date.
- F11. The RSUs vest in 16 equal quarterly installments over four years, beginning November 28, 2023, subject to the continuing service of the Reporting Person on each vesting date.
- F12. The RSUs vest in 16 equal quarterly installments over four years, beginning November 28, 2024, subject to the continuing service of the Reporting Person on each vesting date.
- F13. The PSUs vest over three years; 1/3rd vests on August 28, 2025, and thereafter the remaining 2/3rd will vest quarterly over two years, subject to the continuing service of the Reporting Person on each vesting date.
- F14. The RSUs vest in 12 equal quarterly installments over three years, beginning November 28, 2025, subject to the continuing service of the Reporting Person on each vesting date.
Key Figures
RSUs/PSUs vested into Common Stock: 31,285 shares
Tax withholding shares: 15,889 shares
Tax withholding price: $50.15 per share
+3 more
6 metrics
RSUs/PSUs vested into Common Stock
31,285 shares
Equity awards converted into Common Stock on November 28, 2025
Tax withholding shares
15,889 shares
Shares withheld to satisfy tax obligations at $50.15 per share
Tax withholding price
$50.15 per share
Per-share value used for tax withholding on November 28, 2025
Direct Common Stock holdings
82,826 shares
Post-transaction direct ownership reported for Rene Lacerte
Indirect Common Stock holdings
2,667,030 shares
Post-transaction shares held indirectly via trusts and foundation
Restricted Stock Units outstanding
213,388 RSUs
Post-transaction RSU holdings reported for Rene Lacerte
Key Terms
Restricted Stock Unit, Performance Stock Unit, tax withholding obligation, conditional right
4 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Performance Stock Unit financial
"Each Performance Stock Unit ("PSU") represents a conditional right to receive one share"
A performance stock unit is a type of reward companies give to employees, usually managers, that depends on how well the company performs over time. If the company hits specific goals, the employee earns shares of stock, like earning a prize for reaching certain levels in a game. It motivates employees to work hard because their rewards are tied to the company's success.
tax withholding obligation financial
"Represents shares withheld to satisfy tax withholding obligation in connection with the vesting"
conditional right financial
"represents a conditional right to receive one share of the Issuer's Common Stock"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards vested for BILL (BILL) CEO Rene Lacerte on November 28, 2025?
On November 28, 2025, restricted and performance stock units vested for Rene Lacerte, converting into 31,285 shares of BILL Holdings Common Stock. These units were RSUs and PSUs that represent rights to receive one share of Common Stock for each vested unit.
What is Rene Lacerte’s direct Common Stock ownership in BILL (BILL) after these transactions?
After the reported vesting and tax-withholding events, Rene Lacerte directly holds 82,826 shares of BILL Holdings Common Stock. This post-transaction balance is reported as his direct ownership position in the company’s common equity.
What restricted stock unit balance does Rene Lacerte report for BILL (BILL)?
Following the November 28, 2025 vesting activity, Rene Lacerte reports 213,388 Restricted Stock Units outstanding. These RSUs vest in scheduled quarterly installments over multi-year periods, contingent on his continuing service with BILL Holdings.
How do the PSUs for BILL (BILL) CEO Rene Lacerte vest according to the filing?
Performance Stock Units vest over three years: 1/3 vests on August 28, 2025, with the remaining 2/3 vesting quarterly over two additional years. Each PSU represents a conditional right to receive one share of BILL Holdings Common Stock upon vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
