BILL Holdings (NYSE: BILL) director reports 2,095-share RSU conversion, now holds 11,027 shares

Rhea-AI Filing Summary

BILL Holdings, Inc. director reports RSU vesting and share acquisition. A company director acquired 2,095 shares of BILL common stock through the vesting and settlement of restricted stock units, which fully vested on December 5, 2025. Following this transaction, the director beneficially owns 11,027 shares of BILL common stock in direct ownership. The derivative position represented by these RSUs is now reduced to zero, as the RSUs converted into common shares.

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^*

Kline Katherine M. A.

(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)	11,027	D

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	(2)	(2)	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. 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.

FAQ

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

The filing shows a director acquired 2,095 shares of BILL common stock through the vesting and conversion of restricted stock units.

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

After the reported transaction, the director beneficially owns 11,027 shares of BILL common stock, held as direct ownership.

What happened to the restricted stock units reported for BILL (BILL)?

The director’s 2,095 restricted stock units, each representing a right to receive one share of common stock, fully vested and were converted into common shares, leaving 0 derivative securities of this grant outstanding.

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

The transaction code "M" indicates an exercise or conversion of a derivative security—in this case, restricted stock units converting into 2,095 shares of common stock.

Is the BILL (BILL) reporting person a director or officer?

The reporting person is identified as a Director of BILL Holdings, Inc., and filed the Form 4 as a single reporting person.

Was this BILL (BILL) transaction related to a Rule 10b5-1 trading plan?

The form includes a checkbox for transactions under a Rule 10b5-1(c) plan, but the excerpt does not indicate that this box was checked for the reported RSU vesting.