BILL Insider Filing: Multiple Vestings and Share Withholding Reduce Holdings
Rhea-AI Filing Summary
Rajesh Aji, Chief Legal & Compliance Officer of BILL Holdings, Inc. (BILL), reported multiple equity transactions on 08/28/2025. Restricted stock units (RSUs) and performance stock units (PSUs) vested, resulting in the acquisition of 5,397 shares, 790 performance shares, and additional RSU settlements of 558, 1,787, 737 and 2,315 units across grant schedules. The filing shows 2,216 shares disposed in a transaction coded F at a price of $49.20, noted as shares withheld to satisfy tax withholding obligations, which reduced beneficial ownership to 13,269 shares for one reported line and 15,485 shares on another. Vesting schedules and service conditions for each RSU/PSU grant are disclosed in the filing.
Positive
- None.
Negative
- None.
Insights
TL;DR: Insider received multiple RSU/PSU vestings while a portion of shares was withheld/sold to meet tax obligations, modestly changing ownership.
The filing documents routine equity compensation vesting for an executive (CLO & CCO) with multiple grant vintages vesting over multi-year schedules. The disposal of 2,216 shares at $49.20 appears tied to tax withholding rather than a discretionary open-market sale, limiting potential signal of active liquidation. Net changes show increased economic exposure through new share issuances from vested RSUs/PSUs, but reported beneficial ownership figures vary by reported line, suggesting multiple holdings/accounts. For investors, this is a standard insider compensation update with limited standalone corporate impact.
TL;DR: Transactions reflect standard executive compensation vesting and tax-withholding mechanics, not unusual governance concerns.
The disclosure includes clear vesting schedules and the nature of withheld shares to satisfy taxes, which aligns with common equity compensation practices. There is no indication of accelerated vesting due to a corporate event, no emergency disposals, and the reporting person remains an officer and director. Documentation is complete regarding vesting timelines and conditions, supporting transparency in insider reporting obligations.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 558 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 1,787 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 737 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 2,315 | $0.00 | -- |
| Exercise | Performance Stock Units | 790 | $0.00 | -- |
| Exercise | Common Stock | 5,397 | $0.00 | -- |
| Exercise | Common Stock | 790 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,216 | $49.20 | $109K |
Footnotes (1)
- Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock. Each Performance Stock Unit ("PSU") represents a conditional 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 and PSUs. The RSUs vest in 16 equal quarterly installments over four years, beginning November 28, 2021, 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, 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 February 28, 2025, subject to the continuing service of the Reporting Person on each vesting date. The PSUs vest over three years; 1/3rd vests on August 28, 2023, 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.
