RSU vesting and tax disposition by BILL Holdings (NYSE: BILL) CEO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BILL Holdings, Inc. director and CEO Rene A. Lacerte reported multiple equity award vesting and conversion transactions. On February 28, 2026, restricted stock units and performance stock units were exercised into common stock, including 24,627 and 6,661 common shares from derivative conversions at $0.00 per share. A separate 12,649-share common stock disposition at $44.19 per share satisfied tax withholding obligations rather than representing an open-market sale. The filing also lists substantial indirect common stock holdings held through several family trusts and the Makahakama Foundation.
Positive
- None.
Negative
- None.
Insider Trade Summary
31,288 shares exercised/converted
Mixed
15 txns
Insider
Lacerte Rene A.
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 5,359 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 3,658 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 8,310 | $0.00 | -- |
| Exercise | Performance Stock Units | 6,661 | $0.00 | -- |
| Exercise | Restricted Stock Unit | 7,300 | $0.00 | -- |
| Exercise | Common Stock | 24,627 | $0.00 | -- |
| Exercise | Common Stock | 6,661 | $0.00 | -- |
| Tax Withholding | Common Stock | 12,649 | $44.19 | $559K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 10,718 shares (Direct);
Performance Stock Units — 39,964 shares (Direct);
Common Stock — 107,453 shares (Direct);
Common Stock — 1,708,749 shares (Indirect, See footnote)
Footnotes (1)
- Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock. Each Performance Stock Unit ("PSU") represents a conditional right to receive one share of the Issuer's Common Stock. Represents shares withheld to satisfy tax withholding obligation in connection with the vesting of RSUs and PSUs. The shares are held by Chung Lacerte Trust U/A dated February 15, 2004, Rene A. Lacerte and Joyce A. Chung, Trustees. 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. The shares are held by a trust for which the Reporting Person and his spouse serve as trustees. The shares are held by an additional trust for which the Reporting Person and his spouse serve as trustees. The shares are held by the Makahakama Foundation. The shares are held by Makahakama Trust U/A dated February 15, 2004, Rene A. Lacerte and Joyce A. Chung, Trustees. The RSUs vest in 16 equal quarterly installments over four years, beginning November 28, 2022, subject to the continuing service of the Reporting Person on each vesting date. 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. 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. The PSUs vest over three years; 1/3rd vests on August 28, 2025, 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. The RSUs vest in 12 equal quarterly installments over three years, beginning November 28, 2025, subject to the continuing service of the Reporting Person on each vesting date.
FAQ
What insider transactions did BILL (BILL) CEO Rene Lacerte report?
Rene A. Lacerte reported equity award vesting and related share movements. RSUs and PSUs converted into common stock on February 28, 2026, and shares were withheld to cover tax obligations, resulting in both share acquisitions and a tax-related disposition, not an open-market sale.
How do the RSU and PSU awards for BILL (BILL) CEO vest over time?
Several RSU grants vest in 16 equal quarterly installments over four years, starting November 28, 2022, 2023, and 2024, plus another in 12 quarterly installments from November 28, 2025. PSUs vest over three years, with one-third vesting August 28, 2025 and the rest quarterly thereafter.
What does transaction code M mean in the BILL (BILL) CEO’s Form 4?
Transaction code M indicates an exercise or conversion of a derivative security, such as RSUs or PSUs, into common stock. In this filing, code M applies to several restricted and performance stock unit awards that converted into BILL Holdings, Inc. common shares at $0.00 per share.