BILL Holdings, Inc. (BILL) SEC Filings, Aug-Sep 2026

BILL Holdings, Inc. (BILL) reported insider equity activity by CEO and director Rene A. Lacerte on August 28, 2026. Multiple Restricted Stock Units and Performance Stock Units were exercised into common stock, converting 48,920 derivative units into shares, and 24,896 shares were withheld at $50.31 per share to cover tax obligations.

BILL Holdings, Inc. insider Michael Cieri, Chief Product Officer, reported a net sale-oriented set of transactions. On August 28, 2026, RSUs and PSUs covering 19,428 shares of common stock were converted, resulting in 12,897 and 6,531 common shares, respectively, with 8,674 shares delivered to satisfy tax withholding. Following these equity awards, on August 31, 2026, Cieri sold 10,754 shares of common stock at a weighted average price of $49.1338 per share (range $48.84–$49.41) under a Rule 10b5-1 trading plan adopted on December 2, 2025.

BILL Holdings, Inc. (BILL) reported that Chief Financial Officer Rohini Jain exercised equity awards and sold common stock. On August 28, 2026, RSUs and PSUs covering 62,070 shares converted into the same number of common shares, and 28,600 shares were withheld to satisfy tax obligations. On September 1, 2026, Jain sold 29,555 shares at a weighted-average price of $47.80 and 3,915 shares at a weighted-average price of $48.70, all pursuant to a Rule 10b5-1 trading plan.

BILL Holdings, Inc. (BILL) had a notice filed under Rule 144 by officer Rohini Jain for a proposed resale of common stock. The notice lists up to 33,470 shares of common stock to be sold through Morgan Stanley Smith Barney LLC. These shares relate to 27,696 Restricted Stock Units and 5,774 Performance Stock Units, all indicated as issued by the company.

BILL Holdings, Inc. (BILL) reported that Jeffrey C. Smith is a more-than-10% owner through various Starboard-managed entities. Indirect holdings include 2,983,630, 681,182, 239,363, 1,712,590, and 1,408,983 shares of common stock, plus a Forward Purchase Contract referencing 1,614,152 underlying shares expiring on December 21, 2026. The filing states it is being made because the issuer’s outstanding share count decreased, and not due to any new acquisition by the reporting persons.

BILL Holdings, Inc. (BILL) is reporting that investment entities associated with Starboard Value have become more than 10% beneficial owners of BILL common stock. The filing reflects existing positions and is being made due to a decrease in BILL’s outstanding shares, rather than a new acquisition by these entities.

Starboard Value & Opportunity Master Fund Ltd holds a Forward Purchase Contract referencing 1,614,152 BILL shares, and indirect holdings of BILL common stock are reported across several Starboard funds and a managed account. The forward contracts provide for physical settlement and currently do not give Starboard voting or dispositive power over the referenced shares.

BILL Holdings, Inc. (BILL) has a notice filed under Rule 144 for a planned resale of its common stock by officer Michael Cieri. The notice covers 10,754 shares of BILL common stock through Morgan Stanley Smith Barney LLC Executive Financial Services, with an indicated aggregate value of $541,033.74. The securities to be sold include shares underlying Performance Stock Units and Restricted Stock Units scheduled around 08/28/2026, with an overall transaction timing reference of 08/31/2026 on the NYSE.

BILL Holdings, Inc. (BILL) is the subject of this Amendment No. 3 to a Schedule 13D filed by Starboard-affiliated entities and individuals. The group reports beneficial ownership of 8,639,900 shares of common stock, representing 10.1% of BILL’s 85,276,782 shares outstanding as of August 13, 2026. This amendment is triggered by a change in ownership percentage solely due to a reduction in shares outstanding, not new share purchases or sales.

The Starboard funds’ positions include 1,614,152 shares underlying forward purchase contracts exercisable within 60 days. Starboard Value & Opportunity Master Fund holds 4,597,782 shares (aggregate purchase price about $205.7 million), Starboard S LLC 681,182 shares (about $30.5 million), Starboard L Master 239,363 shares (about $10.7 million), Starboard X Master 1,712,590 shares (about $71.9 million), and 1,408,983 shares are held in a Starboard Value LP account (about $62.2 million), all excluding brokerage commissions.

Peter A. Feld, a director of BILL associated with Starboard, has been awarded 7,831 restricted stock units, vesting in three equal annual installments on October 17, 2026, 2027 and 2028, with 2,610 RSUs vesting within 60 days of this amendment. The reporting persons state they have not entered into any BILL share transactions in the past 60 days and expressly disclaim beneficial ownership of securities they do not directly own.

BILL Holdings, Inc. (BILL) provides an AI-powered finance platform for small and midsize businesses, integrating accounts payable, accounts receivable, spend and expense management, payments, lending, and cash accounts. The company serves approximately 479,300 businesses and processed about $371.3 billion in Total Payment Volume in fiscal 2026, with a network of 9.2 million members.

BILL has expanded its AI capabilities with BILL AI agents for workflows such as W‑9 processing, invoice coding, reconciliations, and customer support, and launched new offerings including BILL Travel, Supplier Payments Plus enhancements, and “Embed 2.0” integrations with partners such as Paychex, Oracle NetSuite, and Acumatica. It also grows via BILL Spend and Expense and BILL Cash Accounts.

The company reported a net loss of $11.2 million in fiscal 2026, compared with net income of $23.8 million in 2025, and had an accumulated deficit of $2.1 billion as of June 30, 2026. BILL highlights very low fraud and credit loss rates relative to TPV, but its risk factors emphasize macroeconomic exposure of SMB customers, credit risk on BILL Divvy Cards and invoice financing, evolving AI and data-privacy regulations, and extensive payments and banking regulatory oversight.