[Form 4] BILL Holdings, Inc. Insider Trading Activity

Rhea-AI Filing Summary

BILL Holdings, Inc. reporting person John R. Rettig, identified as the company's Chief Operating Officer, was granted 73,000 Restricted Stock Units (RSUs) with an effective transaction date of 09/15/2025. Each RSU represents a contingent right to one share of the issuer's common stock and the reporting person held 73,000 shares following the reported grant. The RSUs vest in 12 equal quarterly installments over three years, with vesting beginning on November 28, 2025, and are subject to the reporting persons continued service on each vesting date. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 09/17/2025.

Insights

Securities Analyst

TL;DR: COO John Rettig received 73,000 RSUs that vest quarterly over three years, increasing his direct beneficial ownership by 73,000 shares.

The filing documents a non-derivative grant of 73,000 Restricted Stock Units to the reporting person on 09/15/2025. Each RSU converts to one share of common stock upon vesting, and vesting is scheduled in 12 equal quarterly installments beginning 11/28/2025, contingent on continued service. This is a routine equity compensation disclosure required under Section 16 and does not state any cash consideration paid for the grant. The Form 4 is filed individually by one reporting person and is executed by an attorney-in-fact on 09/17/2025.

Compensation & Governance Specialist

TL;DR: The grant is a time-based equity award with a clear three-year quarterly vesting schedule; documentation is complete for SEC reporting.

The submission identifies the award as Restricted Stock Units converting to common shares and specifies the vesting mechanics: 12 equal quarterly installments over three years starting 11/28/2025. The Form 4 includes the reporting persons role as COO and indicates direct beneficial ownership post-grant. The filing contains the standard explanatory notes linking RSUs to underlying common stock and the signature by an attorney-in-fact dated 09/17/2025, fulfilling signature requirements for this disclosure.

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

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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^*

Rettig John R.

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

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

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)	09/15/2025		A		73,000		(2)	(2)	Common Stock	73,000	$0	73,000	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 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.

	/s/ Rajesh Aji, Attorney-in-Fact	09/17/2025
	** 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).
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