SCHEDULE: Point72 Discloses 5% Stake in BILL Holdings

Point72 Asset Management, Point72 Capital Advisors, and Steven A. Cohen jointly reported a 5.0% beneficial ownership stake in BILL Holdings, Inc., totaling 5,035,627 shares.

Summary

• Point72 Asset Management, L.P., Point72 Capital Advisors, Inc., and Steven A. Cohen have jointly filed a Schedule 13G regarding BILL Holdings, Inc.
• The reporting group beneficially owns 5,035,627 shares of BILL Holdings, Inc. Common Stock.
• This ownership represents a 5.0% stake in the company's outstanding common stock.
• The aggregate amount beneficially owned includes 245,500 shares issuable upon the exercise of call options.
• The reporting persons share both voting and dispositive power over all 5,035,627 shares.
• The securities were acquired and are held for investment purposes and not with the intent to change or influence control of BILL Holdings, Inc.

Sentiment

Score: 5

Explanation: The filing is a neutral, factual disclosure of beneficial ownership and does not contain information that would inherently sway sentiment positively or negatively regarding the issuer's performance or prospects.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

NA

Management Comments

• The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements.
• The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained herein and therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.
• I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.

Industry Context

NA

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional ownership stake by Point72 may influence market perception and potentially the share price of BILL Holdings, Inc.
• Management: Awareness of a 5% beneficial owner, even if passive, is relevant for corporate strategy and investor relations.

Next Steps

• Subsequent amendments to this Schedule 13G will be filed on behalf of each undersigned without the necessity of filing additional joint filing agreements.

Key Dates

Keywords

BILL Holdings, Point72 Asset Management, Steven A. Cohen, Schedule 13G, Beneficial Ownership, Institutional Ownership, Equity Stake, Investment Fund, Common Stock