Form 4: BILL Director Converts Vested RSUs to Common Stock

BILL Holdings Director Steven Cakebread converted 2,095 Restricted Stock Units into common stock following their vesting on December 5, 2025.

Summary

• Steven Cakebread, a Director of BILL Holdings, Inc. (BILL), reported a change in beneficial ownership.
• On December 5, 2025, Mr. Cakebread converted 2,095 Restricted Stock Units (RSUs) into an equal number of shares of BILL Holdings, Inc. Common Stock.
• The RSUs vested 100% on the transaction date, December 5, 2025.
• Following this transaction, Mr. Cakebread beneficially owns 8,537 shares of BILL Holdings, Inc. Common Stock.

Sentiment

Score: 5

Explanation: This is a routine insider transaction reporting the conversion of vested Restricted Stock Units into common stock, which does not inherently indicate positive or negative sentiment about the company's performance or future prospects.

Positives

• The conversion of Restricted Stock Units into common stock increases the director's direct ownership in the company, aligning their interests with shareholders.

Future Outlook

NA

Industry Context

This is a routine insider transaction reporting the conversion of vested equity compensation, which is a common practice across industries for directors and executives receiving Restricted Stock Units as part of their compensation package.

Stakeholder Impact

• Shareholders: The transaction results in a minor increase in the director's direct ownership, potentially signaling continued alignment with shareholder interests.
• Employees: No direct impact on employees is indicated by this filing.

Key Dates

Keywords

BILL Holdings, BILL, Steven Cakebread, Form 4, Insider Transaction, Restricted Stock Units, RSU Conversion, Beneficial Ownership, Director