Form 4: BILL Holdings CEO Rene Lacerte Reports Stock Transactions
SEC Form 4
CEO Rene Lacerte reports transactions involving BILL Holdings, Inc. stock, including the vesting and disposal of restricted stock units and performance stock units.
Summary
- Rene A. Lacerte, CEO of BILL Holdings, Inc., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- The transactions occurred on February 28, 2025, and involved the vesting of restricted stock units (RSUs) and performance stock units (PSUs).
- Lacerte acquired 20,112 shares and 2,368 shares of common stock through the vesting of RSUs and PSUs, respectively.
- He also disposed of 8,789 shares to satisfy tax withholding obligations at a price of $55.2 per share.
- Following these transactions, Lacerte directly owns 31,900 shares of common stock.
- He also indirectly owns shares through various trusts, including the Chung Lacerte Trust, a family trust, and the Makahakama Foundation and Trust.
- The reported derivative securities transactions involve the vesting of RSUs and PSUs, with varying vesting schedules.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This allows investors to track the buying and selling activity of executives and directors, which can provide insights into their perspectives on the company's performance and future prospects.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increase in the number of shares outstanding.
- The vesting of RSUs and PSUs incentivizes the CEO to continue to perform well for the company.
Key Dates
| Date | Description |
|---|---|
| 2004-02-15 | Date of Chung Lacerte Trust U/A and Makahakama Trust U/A |
| 2021-11-28 | First vesting date for some RSUs (16 equal quarterly installments over four years) |
| 2022-11-28 | First vesting date for some RSUs (16 equal quarterly installments over four years) |
| 2023-08-28 | First vesting date for PSUs (1/3rd vests) |
| 2023-11-28 | First vesting date for some RSUs (16 equal quarterly installments over four years) |
| 2024-11-28 | First vesting date for some RSUs (16 equal quarterly installments over four years) |
| 2025-02-28 | Date of reported transactions (RSU and PSU vesting, tax withholding) |
| 2025-03-04 | Date of signature by Attorney-in-Fact |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.