Form 4: BILL Holdings SVP Cota Reports Stock Transactions
Insider Transaction Report
BILL Holdings SVP of Finance & Accounting, Germaine Cota, reported the acquisition of common stock through RSU vesting and subsequent disposition of shares for tax obligations.
Summary
- Germaine Cota, SVP, Finance & Accounting at BILL Holdings, Inc., reported transactions on August 28, 2025.
- Acquired 3,577 shares of Common Stock through the vesting of Restricted Stock Units (RSUs).
- Disposed of 1,283 shares of Common Stock at a price of $49.2 per share to satisfy tax withholding obligations related to the RSU vesting.
- Following these reported transactions, Cota directly beneficially owns 11,806 shares of Common Stock.
- Several tranches of Restricted Stock Units (RSUs) vested, converting into common stock, with varying original vesting schedules dating back to November 2022.
Sentiment
Score: 5
Explanation: The filing reports routine insider transactions related to executive compensation (RSU vesting and tax withholding), which are standard occurrences and do not inherently indicate positive or negative company performance or outlook.
Positives
- The vesting of Restricted Stock Units (RSUs) indicates continued compensation for a key executive, Germaine Cota.
- The executive maintains a significant beneficial ownership of company stock, aligning their interests with those of shareholders.
Negatives
- Disposition of 1,283 shares of Common Stock for tax withholding purposes reduced the executive's direct common stock holdings.
Future Outlook
The detailed vesting schedules for the remaining Restricted Stock Units imply future share acquisitions for the reporting person, contingent upon their continued service to the company.
Industry Context
This Form 4 filing reflects a routine insider transaction common in publicly traded companies, where executive compensation often includes Restricted Stock Units that vest over time. The disposition of shares for tax withholding is a standard practice upon RSU vesting.
Stakeholder Impact
- Primarily impacts the executive's personal compensation and equity holdings.
- For shareholders, this is a routine disclosure providing transparency into executive compensation mechanics and insider ownership.
Next Steps
- Continued vesting of remaining Restricted Stock Units according to their respective schedules, subject to the reporting person's continued service.
Key Dates
| Date | Description |
|---|---|
| 11/28/2022 | First vesting date for certain RSUs, vesting quarterly over four years and other RSUs vesting quarterly over three years. |
| 02/28/2023 | Start of vesting for certain RSUs (1/4th of total shares, then 1/16th quarterly over three years). |
| 11/28/2023 | Start of vesting for certain RSUs (16 equal quarterly installments over four years). |
| 11/28/2024 | Start of vesting for certain RSUs (16 equal quarterly installments over four years). |
| 08/28/2025 | Date of reported transactions, including RSU vesting and tax withholding. |
| 09/02/2025 | Date the Form 4 was filed with the SEC. |
Keywords
BILL Holdings, Form 4, Insider Transaction, RSU Vesting, Stock Compensation, Germaine Cota, Executive Compensation
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