BILL Holdings director converts 2,095 RSUs into common stock

BILL Holdings, Inc. reported an insider equity transaction by a director.

Rhea-AI Filing Summary

BILL Holdings, Inc. reported an insider equity transaction by a director. On December 5, 2025, 2,095 Restricted Stock Units (RSUs) converted into an equal number of shares of common stock, reflected as a transaction coded "M". Each RSU represents a contingent right to receive one share of common stock, and 100% of these RSUs vested on that date.

After this transaction, the reporting person holds 25,986 shares of BILL common stock directly. In addition, 17,710 shares are held indirectly through the 2011 Hornik Family Trust, for which the reporting person is both trustee and beneficial owner. The derivative RSU position reported in Table II shows 0 derivative securities remaining following the vesting and share issuance at an exercise price of $0.

Insider Trade Summary

2,095 shares exercised/converted

Exercise 3 txns

Insider Hornik David

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	2,095	$0.00	$0.00
Exercise	Common Stock	2,095	$0.00	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct); Common Stock — 25,986 shares (Direct); Common Stock — 17,710 shares (Indirect, See footnote)

Footnotes (3)

1. F1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock.
2. F2. The shares are held by the 2011 Hornik Family Trust, of which the Reporting Person is the beneficial owner and trustee.
3. F3. 100% of the RSUs vested on December 5, 2025.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did BILL (BILL) report in this Form 4?

The filing reports that a director had 2,095 Restricted Stock Units convert into 2,095 shares of BILL common stock on December 5, 2025, coded as transaction type "M".

How many BILL shares does the reporting person own after this transaction?

Following the transaction, the reporting person directly owns 25,986 shares of BILL common stock and indirectly holds 17,710 shares through the 2011 Hornik Family Trust.

What are the terms of the RSUs reported for BILL (BILL)?

Each RSU represents a contingent right to receive one share of BILL common stock, with 100% of the RSUs vesting on December 5, 2025, and an exercise price of $0 per underlying share.

What does transaction code "M" mean in the BILL Form 4?

In this context, code "M" indicates the conversion of derivative securities (RSUs) into BILL common stock, with 2,095 RSUs converting into 2,095 shares on December 5, 2025.

How are the indirectly held BILL shares structured for the reporting person?

The filing states that 17,710 shares are held by the 2011 Hornik Family Trust, and the reporting person is both the beneficial owner and trustee of that trust.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 12/09/2025 - 04:24 PM Learn about SEC filing dates

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Hornik David

(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)
12/05/2025

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
Common Stock	12/05/2025		M		2,095	A	(1)	25,986	D
Common Stock								17,710	I	See footnote(2)

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)	12/05/2025		M			2,095	(3)	(3)	Common Stock	2,095	$0	0	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 shares are held by the 2011 Hornik Family Trust, of which the Reporting Person is the beneficial owner and trustee.

3. 100% of the RSUs vested on December 5, 2025.

	/s/ Michael Dunn, Attorney-in-Fact	12/09/2025
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.