BILL Insider Report: RSU Vesting and Tax Withholding Detailed
Rhea-AI Filing Summary
Cota Germaine, SVP Finance & Accounting of BILL Holdings, Inc. (BILL), reported equity changes on 08/28/2025. The filing shows the reporting person acquired 3,577 shares (code M) and had 1,283 shares withheld for taxes at a price of $49.20, leaving 11,806 shares beneficially owned in the class. Several Restricted Stock Units (RSUs) were reported as vested or subject to vesting schedules, with discrete RSU grants of 1,208, 454, 578, 262 and 1,075 RSUs noted and corresponding underlying common stock amounts listed. The form is certified by an attorney-in-fact.
Positive
- Transparent disclosure of multiple RSU grants and explicit vesting schedules
- Tax withholding for vested RSUs is reported, showing proper compliance with compensation settlement
Negative
- None.
Insights
TL;DR Insider received RSUs and satisfied tax withholding; no sales beyond withholding were disclosed.
The Form 4 documents routine equity compensation activity for a named officer, including the deemed acquisition of 3,577 shares and tax-withholding disposition of 1,283 shares at $49.20. Multiple RSU tranches and vesting schedules are enumerated, indicating staggered service-based vesting rather than open-market transactions. From a compliance standpoint, the filing appears to disclose standard employee compensation events and required withholding.
TL;DR Compensation-related equity changes documented; vesting schedules are detailed and service-based.
The report lists several RSU grants with specific vesting patterns (quarterly and multi-year vesting start dates) and quantifies the underlying common shares. This provides transparency on executive equity accrual and dilution timing but does not indicate any discretionary sale or market-driven disposition beyond tax withholding. The information is material for monitoring insider holdings and potential future share issuances as RSUs vest.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 1,208 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 454 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 578 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 262 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 1,075 | $0.00 | -- |
| Exercise | Common Stock | 3,577 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,283 | $49.20 | $63K |
Footnotes (1)
- Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock. Represents shares withheld to satisfy the tax withholding obligation in connection with the vesting of RSUs. The RSUs vest as to 1/4th of the total shares on February 28, 2023, and thereafter 1/16th of the total shares vest quarterly over three years, subject to the continued service of the Reporting Person on each vesting date. The RSUs will vest quarterly over four years with the first vesting date being November 28, 2022, subject to the continuing service of the Reporting Person on each vesting date. The RSUs will vest quarterly over three years with the first vesting date being November 28, 2022, subject to the continuing service of the Reporting Person on each vesting date. 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. 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.
