Form 4: BILL Holdings SVP of Finance & Accounting Sells Shares Under Pre-Arranged Trading Plan

Germaine Cota, SVP of Finance & Accounting at BILL Holdings, Inc., sold 1,718 shares of common stock for approximately $73,100 as part of a Rule 10b5-1 trading plan.

Summary

• Germaine Cota, the Senior Vice President of Finance & Accounting at BILL Holdings, Inc. (BILL), reported the sale of 1,718 shares of common stock.
• The transaction occurred on May 30, 2025, at a weighted average price of $42.5527 per share.
• The total value of the shares sold amounts to approximately $73,100.
• The sale was executed pursuant to a Rule 10b5-1 trading plan, which was adopted by Ms. Cota on February 25, 2025.
• The shares were sold in multiple transactions within a price range of $42.36 to $42.81 per share.
• Following this transaction, Ms. Cota directly beneficially owns 9,512 shares of BILL Holdings, Inc. common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While it's an insider sale, it was conducted under a pre-arranged 10b5-1 plan, which typically indicates a planned financial management strategy rather than a reaction to negative company-specific news. The size of the sale is also relatively small compared to the executive's remaining holdings.

Positives

• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a planned and systematic approach to stock diversification or liquidity rather than a reaction to new negative information.

Negatives

• An insider sale, even if pre-planned, reduces the direct ownership stake of a key executive in the company.

Future Outlook

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

Management Comments

• The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Industry Context

This filing is a routine disclosure of an insider stock transaction and does not provide broader industry context or trends. It reflects an individual executive's portfolio management rather than a strategic company move.

Related Party Transactions

• The transaction involves an insider (SVP, Finance & Accounting) selling company stock, which is a common type of related party transaction reported on Form 4.

Stakeholder Impact

• Shareholders: The sale is a routine insider transaction under a pre-arranged plan and is unlikely to have a significant direct impact on the company's share price or investor confidence, given its nature and relatively small size.

Key Dates

Keywords

BILL Holdings, BILL, Form 4, Insider Sale, Germaine Cota, 10b5-1 Plan, Stock Transaction, Executive Compensation, Financial Technology