Form 4: BILL Holdings Executive's Equity Vesting and Tax Withholding

Mary Kay Bowman, EVP of Payments and Financial Services at BILL Holdings, reported the vesting of restricted and performance stock units and related tax withholding.

Summary

• Mary Kay Bowman, EVP, Payments and Financial Services at BILL Holdings, reported transactions on November 28, 2025.
• Acquired 14,786 shares of Common Stock through the vesting of Restricted Stock Units (RSUs).
• Acquired 4,148 shares of Common Stock through the vesting of Performance Stock Units (PSUs).
• Disposed of 7,652 shares of Common Stock at a price of $50.15 per share to satisfy tax withholding obligations.
• Following these transactions, the beneficial ownership of Common Stock held directly is 41,928 shares.
• Remaining derivative securities include 81,959 Restricted Stock Units and 29,031 Performance Stock Units, along with an additional 22,010 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The filing reports routine executive equity vesting and tax-related share disposition, which is a neutral event in terms of company performance or strategic direction. It reflects standard compensation practices.

Positives

• Executive Mary Kay Bowman acquired a total of 18,934 shares (14,786 RSUs + 4,148 PSUs) through the vesting of equity awards, which aligns her interests with those of shareholders.

Negatives

• 7,652 shares of Common Stock were disposed of at $50.15 per share to cover tax withholding obligations, resulting in a reduction of the executive's direct shareholding.

Future Outlook

Future vesting schedules for Mary Kay Bowman's equity awards include RSUs vesting as to 1/4th of the total shares on August 28, 2025, and thereafter 1/16th of the total shares vesting quarterly over three years. PSUs will vest 1/3rd on August 28, 2025, with the remaining 2/3rd vesting quarterly over two years. Another set of RSUs will vest in 4 equal quarterly installments over one year, beginning November 28, 2025, all subject to continued service.

Industry Context

This filing is a routine disclosure of an insider's equity transactions and does not provide broader industry context or trends. It reflects standard executive compensation practices within the technology or financial services sector.

Stakeholder Impact

• Shareholders: The vesting and acquisition of shares by an executive aligns their interests with those of shareholders, potentially indicating continued commitment to the company's long-term performance.
• Employees: Reflects standard executive compensation practices, which can influence overall compensation philosophy within the company.

Next Steps

• Continued vesting of 81,959 Restricted Stock Units, with 1/4th vesting on August 28, 2025, and 1/16th quarterly over three years thereafter.
• Continued vesting of 29,031 Performance Stock Units, with 1/3rd vesting on August 28, 2025, and the remaining 2/3rd quarterly over two years thereafter.
• Continued vesting of 22,010 Restricted Stock Units in 4 equal quarterly installments over one year, beginning November 28, 2025.

Key Dates

Keywords

BILL Holdings, BILL, Form 4, Insider Transaction, Equity Vesting, Restricted Stock Units, Performance Stock Units, Executive Compensation, Mary Kay Bowman, Stock Award