12/02/2024 | Press release | Distributed by Public on 12/02/2024 19:32
FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |
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 control number. | SEC 1474 (9-02) |
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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Unit | (1) | 11/28/2024 | M | 2,785 | (11) | (11) | Common Stock | 2,785 | $ 0 | 8,356 | D | ||||
Restricted Stock Unit | (1) | 11/28/2024 | M | 5,359 | (12) | (12) | Common Stock | 5,359 | $ 0 | 37,512 | D | ||||
Restricted Stock Unit | (1) | 11/28/2024 | M | 3,657 | (13) | (13) | Common Stock | 3,657 | $ 0 | 40,236 | D | ||||
Restricted Stock Unit | (1) | 11/28/2024 | M | 8,309 | (14) | (14) | Common Stock | 8,309 | $ 0 | 124,644 | D | ||||
Performance Stock Units | (3) | 11/28/2024 | M | 2,367 | (15) | (15) | Common Stock | 2,367 | $ 0 | 7,102 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Lacerte Rene A. C/O BILL HOLDINGS, INC. 6220 AMERICA CENTER DR., SUITE 100 SAN JOSE, CA 95002 |
X | CEO |
/s/ Rajesh Aji, Attorney-in-Fact | 12/02/2024 |
**Signature of Reporting Person | Date |
* | 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). |
(1) | Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock. |
(2) | Includes 141 shares of the Issuer's Common Stock acquired under the Issuer's employee stock purchase plan on September 6, 2024. |
(3) | Each Performance Stock Unit ("PSU") represents a conditional right to receive one share of the Issuer's Common Stock. |
(4) | Represents shares withheld to satisfy tax withholding obligation in connection with the vesting of RSUs and PSUs. |
(5) | The shares are held by Chung Lacerte Trust U/A dated February 15, 2004, Rene A. Lacerte and Joyce A. Chung, Trustees. |
(6) | The shares are held by a family trust with Rene A. Lacerte and Joyce A. Chung, as Trustors, and Rene A. Lacerte, Joyce A. Chung, and Daniel C. Chung, as Trustees. |
(7) | The shares are held by a trust for which the Reporting Person and his spouse serve as trustees. |
(8) | The shares are held by an additional trust for which the Reporting Person and his spouse serve as trustees. |
(9) | The shares are held by the Makahakama Foundation. |
(10) | The shares are held by Makahakama Trust U/A dated February 15, 2004, Rene A. Lacerte and Joyce A. Chung, Trustees. |
(11) | The RSUs vest in 16 equal quarterly installments over four years, beginning August 28, 2021, subject to the continuing service of the Reporting Person on each vesting date. |
(12) | The RSUs vest in 16 equal quarterly installments over four years, beginning August 28, 2022, subject to the continuing service of the Reporting Person on each vesting date. |
(13) | 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. |
(14) | The RSUs vest in 16 equal quarterly installments over four years, beginning November 28, 2024, subject to the continuing service of the Reporting Person on each vesting date. |
(15) | 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. |