Blake Thomas Murray - 01 Jun 2021 Form 4 Insider Report for Bill.com Holdings, Inc. (BILL)

Signature
/s/ Rajesh Aji, Attorney-in-Fact
Issuer symbol
BILL
Transactions as of
01 Jun 2021
Net transactions value
$0
Form type
4
Filing time
03 Jun 2021, 18:13:30 UTC
Next filing
18 Aug 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BILL Common Stock Award +195,708 195,708 01 Jun 2021 By spouse F1
transaction BILL Common Stock Award +1,332,291 1,332,291 01 Jun 2021 See footnote F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BILL Employee Stock Option (Right to Buy) Award +93,430 93,430 01 Jun 2021 Common Stock 93,430 $5.09 Direct F3, F4
transaction BILL Employee Stock Option (Right to Buy) Award +225,981 225,981 01 Jun 2021 Common Stock 225,981 $30.56 Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of common stock were received in exchange for shares of DivvyPay, Inc. ("DivvyPay") common stock pursuant to the terms of an Agreement and Plan of Merger, dated as of May 6, 2021, with the Issuer, certain of the Issuer's subsidiaries, DivvyPay and a shareholder representative, whereby DivvyPay became a wholly owned subsidiary of the Issuer (the "Merger"). The share consideration consisted of cash and shares of the Issuer's common stock and was calculated based on a fixed value of $157.2697 per share of the Issuer's common stock.
F2 Represents shares held by BTM Investment Holdings, LLC, of which the Reporting Person is the managing member.
F3 The option is fully vested and exercisable.
F4 The options were received in the Merger in exchange for stock options to acquire 251,522 shares of DivvyPay common stock at a price of $1.89 per share.
F5 The options were received in the Merger in exchange for stock options to acquire 608,359 shares of DivvyPay common stock at a price of $11.35 per share.