Form 4: BILL Holdings CTO Kenneth Moss Receives RSU Grant

BILL Holdings, Inc. Chief Technology Officer Kenneth A. Moss was granted 46,283 Restricted Stock Units, vesting over one year.

Summary

• Kenneth A. Moss, Chief Technology Officer of BILL Holdings, Inc., acquired 46,283 Restricted Stock Units (RSUs) on September 15, 2025.
• The RSUs represent a contingent right to receive one share of the Issuer's Common Stock for each unit.
• Of the total, 45,650 RSUs are directly owned by Mr. Moss, and 633 RSUs are indirectly owned through his spouse.
• The RSUs will vest in four equal quarterly installments over one year, with the vesting period commencing on November 28, 2025.
• Vesting is contingent upon Mr. Moss's continuous service to the company on each vesting date.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive as it reflects the retention and incentivization of a key executive through standard equity compensation, which aligns management interests with shareholder value. It is a routine event, not indicative of extraordinary performance or issues.

Positives

• The grant of Restricted Stock Units (RSUs) serves as a retention mechanism for a key executive, aligning his interests with long-term shareholder value.
• RSUs are a common form of equity compensation, indicating a standard approach to executive incentives.

Negatives

• The RSU grant represents potential future dilution for existing shareholders upon vesting, though this is a standard aspect of equity compensation.

Risks

• The RSUs are subject to forfeiture if the reporting person's service to the company terminates before the vesting dates.
• The value of the RSUs upon vesting is dependent on the future market price of BILL Holdings, Inc. common stock.

Future Outlook

The filing indicates a future vesting schedule for the granted Restricted Stock Units, with the first installment beginning on November 28, 2025, and continuing quarterly over one year, subject to the Chief Technology Officer's continued service.

Industry Context

The grant of Restricted Stock Units to a Chief Technology Officer is a standard practice in the technology sector for executive compensation, aiming to attract, retain, and incentivize key talent by aligning their financial interests with the company's long-term performance and shareholder value.

Comparison to Industry Standards

• Restricted Stock Unit grants are a prevalent form of equity compensation for executives across the technology industry, including companies like Salesforce, Adobe, and Microsoft, to foster long-term commitment and performance.
• The vesting schedule of four equal quarterly installments over one year is a common structure for RSU grants, designed to provide ongoing incentives and retention over a defined period, similar to practices observed at peer companies.

Related Party Transactions

• The filing notes 633 indirectly owned Restricted Stock Units held by the reporting person's spouse, with the reporting person disclaiming beneficial ownership except to the extent of any pecuniary interest.

Stakeholder Impact

• Shareholders: Potential future dilution upon RSU vesting, but also benefits from the retention and incentivization of a key executive.
• Employees: Reflects standard executive compensation practices within the company.

Next Steps

• The Restricted Stock Units will begin vesting in four equal quarterly installments starting November 28, 2025, subject to the reporting person's continued employment.

Key Dates

Keywords

BILL Holdings, Kenneth Moss, Chief Technology Officer, Restricted Stock Units, RSU grant, executive compensation, equity compensation, Form 4, insider transaction