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BILL Holdings, Inc. insider Rajesh Aji received 15,462 performance-based restricted stock units (PSUs) on 08/19/2025 after the Audit Committee certified achievement of performance criteria. Each PSU converts to one share of common stock and the award carries a $0 per-share price because it was earned rather than purchased. The PSUs settle over three years: one-third vests on 11/28/2025 and the remaining two-thirds vest quarterly over the following two years, subject to continued service. After the transaction the reporting person beneficially owns 15,462 shares directly. The reporting person is identified as CLO & CCO and a director/officer of the issuer.

Insider award vesting converted to shares: Mary Kay Bowman, an officer (EVP, Payments and Financial Services) of BILL Holdings, had 49,771 performance-based restricted stock units (PSUs) converted into 49,771 shares of common stock following certification that specified performance targets were met on 08/19/2025. Each PSU converts into one share and the shares are recorded as directly owned. The disclosure notes these PSUs were originally reported in September 2024 and will vest and settle over three years, with 1/3 vesting on 08/28/2025 and the remainder vesting quarterly over two years, subject to continued service.

Reporting person: Kenneth A. Moss, Chief Technology Officer of BILL Holdings, Inc. reported a change in beneficial ownership related to performance-based restricted stock units.

On 08/19/2025 Mr. Moss was credited with 23,789 performance stock units (PSUs) that convert one-for-one into common shares. The report shows 23,789 shares beneficially owned following the transaction held directly at a reported price of $0. The PSUs were certified as earned by the Audit Committee on 08/19/2025 and vest over three years: one-third vests on 08/28/2025 and the remaining two-thirds vest quarterly over the subsequent two years, subject to continued service.

BILL Holdings CEO and director Rene A. Lacerte had 79,931 performance-based restricted stock units (PSUs) deemed earned on 08/19/2025 after the Audit Committee certified achievement of performance criteria. Each PSU represents a conditional right to one share of common stock and will settle into 79,931 shares. The PSUs vest and settle over three years: one-third vests on August 28, 2025, and the remaining two-thirds vest quarterly over the next two years, subject to the Reporting Person's continued service. The Report was filed on Form 4 to disclose this non-derivative issuance.

John R. Rettig, COO of BILL Holdings, Inc. (BILL), reported the vesting and settlement of performance-based restricted stock units. On 08/19/2025 Rettig was credited with 68,512 Performance Stock Units (PSUs) that were earned under a prior PSU award. Each PSU represents the right to one share of common stock and the PSUs will settle into 68,512 shares of common stock. The PSUs vest over three years: one-third vests on August 28, 2025, and the remaining two-thirds vest quarterly over the following two years, subject to continued service. The report shows the shares as directly owned following the transaction.

Rohini Jain, Chief Financial Officer of BILL Holdings, Inc. (BILL), was granted 201,258 Restricted Stock Units (RSUs) on 08/15/2025. Each RSU converts into one share of common stock and the grant shows a price of $0, indicating a compensation award rather than a purchase. Following the grant Jain beneficially owns 201,258 shares on a direct basis. The RSUs vest 25% on August 28, 2026, then 1/16th of the total award vests quarterly over the subsequent three years, contingent on continued service. The Form 4 was signed by an attorney-in-fact on 08/19/2025.

ER Collective Holdings, LLC disclosed ownership of 7,668,300 shares of BILL Holdings common stock, representing 7.4% of the class. The filing shows the Reporting Person has sole voting power and sole dispositive power over these shares, meaning ER Collective can vote and sell the shares without shared control.

The statement notes the shares are managed on behalf of accounts for which ER Collective has authority to receive dividends or sale proceeds, and the Reporting Person certifies the stake was not acquired to change or influence control of the issuer. No group affiliation or subsidiary acquisition is reported.