BILL Holdings (NYSE: BILL) awards director 7,278 RSUs vesting by 2028

Rhea-AI Filing Summary

BILL Holdings, Inc. reported an insider equity award to one of its directors. On December 11, 2025, the director received 7,278 restricted stock units (RSUs), each representing a contingent right to receive one share of BILL Holdings common stock.

The RSUs vest in three equal annual installments, with one-third of the total shares vesting on each of December 11, 2026, December 11, 2027 and December 11, 2028, subject to the director’s continued service through each vesting date. Following this grant, the director beneficially owned 7,278 derivative securities, held directly.

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

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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^*

DERSE NATALIE MARIE

(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)
12/11/2025

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)	12/11/2025		A		7,278		(2)	(2)	Common Stock	7,278	$0	7,278	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 as to 1/3 of the total shares annually on each of December 11, 2026, December 11, 2027 and December 11, 2028, subject to the continuing service of the Reporting Person on each vesting date.

	/s/ Michael Dunn, Attorney-in-Fact	12/15/2025
	** 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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FAQ

What insider transaction did BILL Holdings (BILL) disclose in this filing?

BILL Holdings disclosed that a director received an equity award of 7,278 restricted stock units (RSUs), each convertible into one share of the company’s common stock.

When did the reported RSU grant at BILL Holdings (BILL) occur?

The earliest transaction date reported for the director’s RSU grant is December 11, 2025.

How many restricted stock units were granted to the BILL Holdings (BILL) director and what do they represent?

The director was granted 7,278 RSUs. Each RSU represents a contingent right to receive one share of BILL Holdings common stock.

What is the vesting schedule for the 7,278 RSUs at BILL Holdings (BILL)?

The RSUs vest as to one-third of the total shares on each of December 11, 2026, December 11, 2027 and December 11, 2028, subject to the director’s continued service on each vesting date.

What price is associated with the RSUs granted by BILL Holdings (BILL)?

The derivative security is reported with a price of $0, reflecting that the restricted stock units do not require a cash exercise price when they vest into common shares.

How many derivative securities did the BILL Holdings (BILL) director own after this transaction?

After the reported RSU grant, the director beneficially owned 7,278 derivative securities, held in direct ownership form.

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

The reporting person in this insider filing is identified as a director of BILL Holdings, Inc.