BILL Holdings (NYSE: BILL) director settles 2,095 RSUs into 8,537 shares held

Rhea-AI Filing Summary

BILL Holdings, Inc. reported an insider equity transaction by one of its directors. On December 5, 2025, the director converted 2,095 restricted stock units (RSUs) into the same number of shares of BILL common stock, as shown by transaction code "M".

Each RSU represented a right to receive one share of common stock, and 100% of these RSUs vested on December 5, 2025. Following this transaction, the director held 8,537 shares of BILL common stock in direct ownership and no remaining RSUs from this grant.

Insider Trade Summary

2,095 shares exercised/converted

Mixed 2 txns

Insider Mnookin Allison

Role Director

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

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 8,537 shares (Direct)

Footnotes (1)

1. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock. 100% of the RSUs vested on December 5, 2025.

Form 4 Insider Transactions: What Each Field Means →

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^*

Mnookin Allison

(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)	8,537	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 company disclosed that a director converted 2,095 restricted stock units into 2,095 shares of BILL Holdings, Inc. common stock on December 5, 2025, reported as transaction code "M".

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

After the reported transaction, the director beneficially owned 8,537 shares of BILL common stock in direct ownership.

What are the key terms of the RSUs reported in the BILL (BILL) Form 4?

Each restricted stock unit represented a contingent right to receive one share of BILL common stock. All 2,095 RSUs vested on December 5, 2025 and were settled into 2,095 common shares at an exercise price of $0.

When did the RSUs for the BILL (BILL) director fully vest?

The filing states that 100% of the RSUs vested on December 5, 2025, triggering the conversion into common stock reported in the Form 4.

What is the reporting person’s role at BILL (BILL)?

The reporting person is identified as a director of BILL Holdings, Inc., with the form filed by one reporting person.

Does the BILL (BILL) Form 4 involve derivative securities?

Yes. The Form 4 reports restricted stock units as derivative securities that were converted into 2,095 shares of BILL common stock, leaving 0 RSUs of that grant outstanding.