BILL CEO settles 48,920 stock units, withholds 24.9K
Lacerte exercised RSUs and PSUs into BILL common stock, converting 48,920 units into shares while 24,896 were withheld for taxes at $50.31.
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Form Type
4
Rhea-AI Filing Summary
BILL Holdings, Inc. (BILL) reported insider equity activity by CEO and director Rene A. Lacerte on August 28, 2026. Multiple Restricted Stock Units and Performance Stock Units were exercised into common stock, converting 48,920 derivative units into shares, and 24,896 shares were withheld at $50.31 per share to cover tax obligations.
Insider Trade Summary
48,920 shares exercised/converted
Exercise
16 txns
Insider
Lacerte Rene A.
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F1, F10 | 5,359 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit F1, F11 | 3,658 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit F1, F12 | 8,310 | $0.00 | $0.00 |
| Exercise | Performance Stock Units F2, F13 | 6,661 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit F1, F14 | 7,300 | $0.00 | $0.00 |
| Exercise | Performance Stock Units F2, F15 | 17,632 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 24,627 | -- | -- |
| Exercise | Common Stock F2 | 24,293 | -- | -- |
| Tax Withholding | Common Stock F3 | 24,896 | $50.31 | $1.25M |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
| holding | Common Stock F7 | -- | -- | -- |
| holding | Common Stock F8 | -- | -- | -- |
| holding | Common Stock F9 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 139,508 contracts (Direct);
Performance Stock Units — 61,904 contracts (Direct);
Common Stock — 141,256 shares (Direct);
Common Stock — 2,651,840 shares (Indirect, See footnote)
Footnotes (15)
- 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.
- F15. The PSUs vest and settle over three years; 1/3rd vests on August 28, 2026, 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.
Key Figures
Derivative units converted: 48,920 units
Common stock acquired from RSU conversion: 24,627 shares
Common stock acquired from PSU conversion: 24,293 shares
+5 more
8 metrics
Derivative units converted
48,920 units
Total RSUs and PSUs exercised into common stock on August 28, 2026
Common stock acquired from RSU conversion
24,627 shares
Common stock received from one RSU conversion (code M, acquired code A)
Common stock acquired from PSU conversion
24,293 shares
Common stock received from another derivative conversion (code M, acquired code A)
Shares withheld for tax withholding obligation
24,896 shares
Common shares withheld under code F to satisfy tax withholding
Tax withholding price per share
$50.31 per share
Per-share value used for 24,896 withheld common shares
RSU quarterly vesting schedule (F10)
16 equal quarterly installments over four years
RSUs beginning November 28, 2022, subject to continuing service
PSU vesting start date (F13)
August 28, 2025
1/3 vests then, remaining 2/3 vests quarterly over two years
PSU vesting start date (F15)
August 28, 2026
1/3 vests then, remaining 2/3 vests quarterly over two years
Key Terms
Restricted Stock Unit, Performance Stock Unit, tax withholding obligation, indirect, +1 more
5 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit ("RSU") represents a contingent right"
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"
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
"shares withheld to satisfy tax withholding obligation in connection"
indirect financial
"The shares are held by a family trust with Rene A. Lacerte"
vest in 16 equal quarterly installments financial
"The RSUs vest in 16 equal quarterly installments over four years"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did BILL (BILL) CEO Rene A. Lacerte convert on August 28, 2026?
On August 28, 2026, Rene A. Lacerte exercised Restricted Stock Units and Performance Stock Units that together converted 48,920 derivative units into shares of BILL Holdings, Inc. common stock, according to the Form 4 data.
Were Rene A. Lacerte’s BILL (BILL) transactions open-market buys or sells?
No open-market buys or sells are reported. The Form 4 shows code M exercises of RSUs and PSUs into common stock and a code F transaction where shares were withheld to pay tax obligations arising from the vesting.
Does the Form 4 for BILL (BILL) indicate any remaining derivative awards?
The derivative summary in this Form 4 is empty, indicating no remaining derivative positions are listed in this particular filing. Other awards could exist but are not reported in this specific Form 4 data.
AI-generated analysis. How Rhea-AI works. Not financial advice.
