Form 4: BILL Holdings CEO Gifts Shares to Donor Fund

BILL Holdings CEO Rene A. Lacerte reported a gift of 15,190 shares of common stock to a donor-advised fund on December 5, 2025.

Summary

• Rene A. Lacerte, CEO and Director of BILL Holdings, Inc. [BILL], reported a transaction involving the company's common stock.
• On December 5, 2025, Mr. Lacerte gifted 15,190 shares of BILL Holdings Common Stock to a donor-advised fund.
• The transaction was reported as a gift (Code G) with a price of $0 per share.
• Following this transaction, Mr. Lacerte directly beneficially owns 82,826 shares of Common Stock.
• Mr. Lacerte also indirectly beneficially owns 2,651,840 shares through various trusts and a foundation, including 99,593 shares via Makahakama Trust, 1,708,749 shares via Chung Lacerte Trust, two separate holdings of 135,000 shares each via a family trust, two separate holdings of 184,249 shares each via trusts where he and his spouse serve as trustees, and 205,000 shares via the Makahakama Foundation.

Sentiment

Score: 5

Explanation: The filing reports a personal philanthropic gift by the CEO, which is neutral to slightly positive in terms of sentiment, as it does not reflect operational performance or strategic changes for the company.

Positives

• The gift to a donor-advised fund demonstrates philanthropic activity by the CEO.

Negatives

• The transaction represents a reduction in the CEO's direct beneficial ownership of the company's common stock by 15,190 shares.

Risks

• No specific company risks are detailed in this Form 4 filing, which primarily reports an insider transaction.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This insider transaction is a routine disclosure for a public company executive and does not inherently reflect broader industry trends or competitive dynamics. It is a personal financial decision by the CEO.

Related Party Transactions

• The shares are held indirectly through various trusts and a foundation where the reporting person or his spouse serve as trustees or have significant influence, which are considered related parties for beneficial ownership reporting.

Stakeholder Impact

• Shareholders: Minimal direct impact from a relatively small gift of shares by the CEO. The overall beneficial ownership remains substantial.
• Employees, Customers, Suppliers, Creditors: No direct impact from this personal transaction.

Key Dates

Keywords

BILL Holdings, Rene A. Lacerte, Form 4, Insider Transaction, Stock Gift, CEO, Beneficial Ownership, Donor Advised Fund