Starboard's BILL stake tops 10% without recent trades

Rhea-AI Filing Summary

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.

Key Figures

Shares beneficially owned: 8,639,900 shares Percent of class: 10.1% Shares outstanding: 85,276,782 shares +5 more

8 metrics

Shares beneficially owned 8,639,900 shares Total BILL common shares beneficially owned by Starboard reporting group

Percent of class 10.1% Portion of BILL’s 85,276,782 shares outstanding as of August 13, 2026

Shares outstanding 85,276,782 shares BILL common shares outstanding as of August 13, 2026, per Form 10-K

Starboard V&O Fund aggregate purchase price $205,728,347 Aggregate purchase price for 4,597,782 BILL shares, excluding commissions

Forward purchase contracts consideration $69,096,198 Part of Starboard V&O Fund’s purchase price for 1,614,152 forward-contract shares

Forward contract underlying shares 1,614,152 shares BILL shares underlying forward purchase contracts exercisable within 60 days

Starboard X Master aggregate purchase price $71,914,018 Aggregate purchase price for 1,712,590 BILL shares, excluding commissions

Restricted stock units awarded to Peter A. Feld 7,831 RSUs Equity award vesting in three annual installments starting October 17, 2026

Key Terms

forward purchase contracts, restricted stock units, beneficially owned, sole voting power, +1 more

5 terms

forward purchase contracts financial

"including 1,614,152 shares of Common Stock underlying certain forward purchase contracts exercisable"

restricted stock units financial

"Mr. Feld has been awarded an aggregate of 7,831 restricted stock units ("RSUs")"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

beneficially owned financial

"11Aggregate amount beneficially owned by each reporting person 8,639,900.00"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole voting power financial

"Number of Shares Beneficially Owned by Each Reporting Person With: | 7 | Sole Voting Power"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

sole dispositive power financial

"9 | Sole Dispositive Power 8,639,900.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

FAQ

How much of BILL (BILL) does the Starboard group currently beneficially own?

The Starboard reporting group beneficially owns 8,639,900 shares of BILL common stock, representing 10.1% of the 85,276,782 shares outstanding as of August 13, 2026, based on the company’s Form 10-K filed on August 20, 2026.

Why was this Amendment No. 3 to the Schedule 13D for BILL (BILL) filed?

Amendment No. 3 was filed because the Reporting Persons’ percentage ownership in BILL changed solely due to a reduction in the number of shares outstanding. They state there were no share transactions in the past 60 days that triggered the change.

What role do forward purchase contracts play in Starboard’s BILL (BILL) position?

The reported BILL position includes 1,614,152 shares of common stock underlying forward purchase contracts exercisable within 60 days. For Starboard Value & Opportunity Master Fund, about $69,096,198 of its aggregate purchase price relates to entering into these contracts.

How are BILL (BILL) shares distributed among the main Starboard entities?

Starboard Value & Opportunity Master Fund holds 4,597,782 BILL shares, Starboard S LLC 681,182, Starboard L Master 239,363, Starboard X Master 1,712,590, and a Starboard Value LP account 1,408,983. Several Starboard management entities report beneficial ownership via control of these vehicles.

What equity compensation in BILL (BILL) has director Peter A. Feld received?

Peter A. Feld has been awarded 7,831 restricted stock units (RSUs) for his service as a BILL director. These RSUs vest in three equal annual installments on October 17, 2026, 2027, and 2028, with 2,610 RSUs vesting within 60 days of the amendment date.

Have the Starboard Reporting Persons traded BILL (BILL) shares recently?

The Reporting Persons state that they have not entered into any transactions in BILL shares during the past sixty days. The ownership change reflected in this amendment arises from a change in BILL’s shares outstanding.

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

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Available on EDGAR 08/24/2026 - 05:01 PM Accepted by SEC EDGAR 08/24/2026 - 05:00 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 3)

BILL Holdings, Inc.

(Name of Issuer)

Common Stock, $0.00001 par value per share

(Title of Class of Securities)

090043100

(CUSIP Number)

JEFFREY C. SMITH
STARBOARD VALUE LP, 777 Third Avenue, 18th Floor
New York, NY, 10017
212-845-7977

ANDREW FREEDMAN, ESQ.
OLSHAN FROME WOLOSKY LLP, 1325 Avenue of the Americas
New York, NY, 10019
212-451-2300

MEAGAN REDA, ESQ.
OLSHAN FROME WOLOSKY LLP, 1325 Avenue of the Americas
New York, NY, 10019
212-451-2300

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

08/20/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 090043100

1

Name of reporting person

Starboard Value LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 8,639,900.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 8,639,900.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

8,639,900.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

10.1 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

Note to rows (7)(9)(11): Includes 1,614,152 shares of Common Stock underlying certain forward purchase contracts exercisable within 60 days hereof.

SCHEDULE 13D

CUSIP Number(s): 090043100

1

Name of reporting person

STARBOARD VALUE & OPPORTUNITY MASTER FUND LTD

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 4,597,782.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 4,597,782.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

4,597,782.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.4 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

Note to rows (7)(9)(11): Includes 1,614,152 shares of Common Stock underlying certain forward purchase contracts exercisable within 60 days hereof.

SCHEDULE 13D

CUSIP Number(s): 090043100

1

Name of reporting person

STARBOARD VALUE & OPPORTUNITY S LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 681,182.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 681,182.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

681,182.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.8 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 090043100

1

Name of reporting person

Starboard Value & Opportunity Master Fund L LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 239,363.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 239,363.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

239,363.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.3 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 090043100

1

Name of reporting person

Starboard Value L LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 239,363.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 239,363.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

239,363.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.3 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 090043100

1

Name of reporting person

Starboard Value R GP LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 239,363.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 239,363.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

239,363.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.3 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 090043100

1

Name of reporting person

Starboard X Master Fund Ltd

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 1,712,590.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 1,712,590.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

1,712,590.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

2.0 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

CUSIP Number(s): 090043100

1

Name of reporting person

Starboard Value GP LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 8,639,900.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 8,639,900.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

8,639,900.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

10.1 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Note to rows (7)(9)(11): Includes 1,614,152 shares of Common Stock underlying certain forward purchase contracts exercisable within 60 days hereof.

SCHEDULE 13D

CUSIP Number(s): 090043100

1

Name of reporting person

Starboard Principal Co LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 8,639,900.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 8,639,900.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

8,639,900.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

10.1 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

Note to rows (7)(9)(11): Includes 1,614,152 shares of Common Stock underlying certain forward purchase contracts exercisable within 60 days hereof.

SCHEDULE 13D

CUSIP Number(s): 090043100

1

Name of reporting person

Starboard Principal Co GP LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 8,639,900.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 8,639,900.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

8,639,900.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

10.1 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Note to rows (7)(9)(11): Includes 1,614,152 shares of Common Stock underlying certain forward purchase contracts exercisable within 60 days hereof.

SCHEDULE 13D

CUSIP Number(s): 090043100

1

Name of reporting person

Smith Jeffrey C

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 8,639,900.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 8,639,900.00

11

Aggregate amount beneficially owned by each reporting person

8,639,900.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

10.1 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

Note to rows (7)(9)(11): Includes 1,614,152 shares of Common Stock underlying certain forward purchase contracts exercisable within 60 days hereof.

SCHEDULE 13D

CUSIP Number(s): 090043100

1

Name of reporting person

Feld Peter A

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 2,610.00
8	Shared Voting Power 8,639,900.00
9	Sole Dispositive Power 2,610.00
10	Shared Dispositive Power 8,639,900.00

11

Aggregate amount beneficially owned by each reporting person

8,642,510.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

10.1 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

Note to rows (7)(9)(11): Includes 1,614,152 shares of Common Stock underlying certain forward purchase contracts exercisable within 60 days hereof.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, $0.00001 par value per share
(b)	Name of Issuer: BILL Holdings, Inc.
(c)	Address of Issuer's Principal Executive Offices: 6220 AMERICA CENTER DR., SUITE 100, SAN JOSE, CALIFORNIA , 95002.
Item 1 Comment: The following constitutes Amendment No. 3 to the Schedule 13D filed by the undersigned ("Amendment No. 3"). This Amendment No. 3 amends the Schedule 13D as specifically set forth herein. Unless otherwise defined herein, all capitalized terms used herein shall have the meanings given to them in the Schedule 13D.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 is hereby amended and restated to read as follows: The securities of the Issuer purchased by each of Starboard V&O Fund, Starboard S LLC, Starboard L Master, Starboard X Master and held in the Starboard Value LP Account were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business) in open market purchases, except as otherwise noted. The aggregate purchase price of the 4,597,782 Shares beneficially owned by Starboard V&O Fund is approximately $205,728,347, excluding brokerage commissions (including $69,096,198 paid as consideration for Starboard V&O Fund's entry into certain forward purchase contracts providing for the purchase of 1,614,152 Shares). The aggregate purchase price of the 681,182 Shares beneficially owned by Starboard S LLC is approximately $30,538,117, excluding brokerage commissions. The aggregate purchase price of the 239,363 Shares beneficially owned by Starboard L Master is approximately $10,731,868, excluding brokerage commissions. The aggregate purchase price of the 1,712,590 Shares beneficially owned by Starboard X Master is approximately $71,914,018, excluding brokerage commissions. The aggregate purchase price of the 1,408,983 Shares held in the Starboard Value LP Account is approximately $62,212,000, excluding brokerage commissions. In connection with the appointment of Peter A. Feld to the Board of Directors of the Issuer (the "Board"), as further described in Amendment No. 2 to the Schedule 13D, Mr. Feld has been awarded an aggregate of 7,831 restricted stock units ("RSUs") in connection with his service as a director of the Issuer, of which 2,610 RSUs vest within 60 days of the date hereof and 5,221 remain unvested and do not vest within 60 days of the date hereof.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5(a) is hereby amended and restated to read as follows: The percentages used in this Schedule 13D are based upon 85,276,782 Shares outstanding as of August 13, 2026, as reported in the Issuer's Annual Report on Form 10-K filed with the SEC on August 20, 2026. This Amendment No. 3 is being filed due to a change in the percentage of the outstanding number of Shares owned by the Reporting Persons solely due to a reduction in the number of Shares outstanding. See rows (11) and (13) of the cover pages to this Schedule 13D for the aggregate number of Shares and percentage of the Shares beneficially owned by each of the Reporting Persons. The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer that he or it does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein that he or it does not directly own.
(b)	See rows (7) through (10) of the cover pages to this Schedule 13D for the number of Shares as to which each Reporting Person has the sole or shared power to vote or direct the vote and the sole or shared power to dispose or to direct the disposition.
(c)	Item 5(c) is hereby amended to add the following: The Reporting Persons have not entered into any transactions in the Shares during the past sixty days.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Item 6 is hereby amended to add the following: On October 17, 2025, Mr. Feld, in his capacity as a director of the Issuer, was awarded 7,831 RSUs which vest as to 1/3 of the total Shares annually on each of October 17, 2026, October 17, 2027, and October 17, 2028, subject to the continuing service of Mr. Feld on each vesting date, of which 2,610 RSUs vest within sixty days of the date hereof.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Starboard Value LP

Signature:	/s/ Lorelei Martin
Name/Title:	Lorelei Martin, Authorized Signatory of Starboard Value GP LLC, its general partner
Date:	08/24/2026

STARBOARD VALUE & OPPORTUNITY MASTER FUND LTD

Signature:	/s/ Lorelei Martin
Name/Title:	Lorelei Martin, Authorized Signatory of Starboard Value LP, its investment manager
Date:	08/24/2026

STARBOARD VALUE & OPPORTUNITY S LLC

Signature:	/s/ Lorelei Martin
Name/Title:	Lorelei Martin, Authorized Signatory of Starboard Value LP, its manager
Date:	08/24/2026

Starboard Value & Opportunity Master Fund L LP

Signature:	/s/ Lorelei Martin
Name/Title:	Lorelei Martin, Authorized Signatory of Starboard Value L LP, its general partner
Date:	08/24/2026

Starboard Value L LP

Signature:	/s/ Lorelei Martin
Name/Title:	Lorelei Martin, Authorized Signatory of Starboard Value R GP LLC, its general partner
Date:	08/24/2026

Starboard Value R GP LLC

Signature:	/s/ Lorelei Martin
Name/Title:	Lorelei Martin, Authorized Signatory
Date:	08/24/2026

Starboard X Master Fund Ltd

Signature:	/s/ Lorelei Martin
Name/Title:	Lorelei Martin, Authorized Signatory of Starboard Value LP, its investment manager
Date:	08/24/2026

Starboard Value GP LLC

Signature:	/s/ Lorelei Martin
Name/Title:	Lorelei Martin, Authorized Signatory of Starboard Principal Co LP, its member
Date:	08/24/2026

Starboard Principal Co LP

Signature:	/s/ Lorelei Martin
Name/Title:	Lorelei Martin, Authorized Signatory of Starboard Principal Co GP LLC, its general partner
Date:	08/24/2026

Starboard Principal Co GP LLC

Signature:	/s/ Lorelei Martin
Name/Title:	Lorelei Martin, Authorized Signatory
Date:	08/24/2026

Smith Jeffrey C

Signature:	/s/ Lorelei Martin
Name/Title:	Lorelei Martin, Attorney-in-Fact for Jeffrey C. Smith
Date:	08/24/2026

Feld Peter A

Signature:	/s/ Lorelei Martin
Name/Title:	Lorelei Martin, Attorney-in-Fact for Peter A. Feld
Date:	08/24/2026