Rene A. Lacerte, Chief Executive Officer and Director of BILL Holdings, Inc. (NYSE:BILL), filed a Form 4 on September 4, 2026, disclosing the sale of common stock across multiple transactions on September 2 and September 3, 2026.

Key Highlights

  • Rule 10b5-1 plan: All sales were made pursuant to a Rule 10b5-1 trading plan adopted by Lacerte on June 3, 2026.
  • Direct shares sold on September 2: 40,357 shares at a weighted average price of $47.9971 and 100,899 shares at a weighted average price of $48.5855, reducing direct holdings to 0.
  • Indirect sales on September 2-3: Additional shares were sold across multiple trust accounts at weighted average prices ranging from approximately $48.01 to $50.62 per share.
  • Remaining indirect holdings: Following all reported transactions, indirect holdings include 1,708,749 shares held by the Chung Lacerte Trust and 270,000 shares held across two family trusts, among other positions.
  • Multiple holding entities: Shares are held through several vehicles including the Makahakama Trust, the Makahakama Foundation, and trusts for which Lacerte and his spouse serve as trustees.

Lacerte's Reported Share Sales Across Direct and Trust Accounts

According to the filing, Rene A. Lacerte, CEO and Director of BILL Holdings, Inc., disposed of common stock on September 2 and September 3, 2026 through transactions executed under a Rule 10b5-1 plan he adopted on June 3, 2026. On September 2, Lacerte disposed of 40,357 shares directly at a weighted average price of $47.9971 per share, with prices ranging from $47.25 to $48.245, and then 100,899 shares at a weighted average price of $48.5855, with prices ranging from $48.25 to $48.83. Following these two transactions, his directly held shares fell to 0, the filing reported.

Also on September 2, shares held indirectly through the Makahakama Trust were reduced by 11,765 shares at a weighted average of $48.0125 and 26,974 shares at a weighted average of $48.5941, leaving 60,854 shares in that trust. Shares held by the Makahakama Foundation were reduced by 10,636 shares at $48.0125 and 24,364 shares at $48.5941, leaving 170,000 shares. On September 3, two additional trusts for which Lacerte and his spouse serve as trustees also recorded sales, with shares sold at weighted average prices between $49.8636 and $50.6211 per share, according to the filing.

After all reported transactions, the filing shows Lacerte retains indirect beneficial ownership of 1,708,749 shares through the Chung Lacerte Trust U/A dated February 15, 2004, and 135,000 shares each through two separate family trusts, in addition to remaining balances in the Makahakama Trust and the Makahakama Foundation. The filing notes that full per-share transaction detail is available upon request to the issuer, any security holder, or SEC staff.

What Was Disclosed

This Form 4 discloses share sales by BILL Holdings CEO Rene A. Lacerte on September 2 and 3, 2026, across direct and multiple indirect accounts, all executed under a pre-established Rule 10b5-1 trading plan adopted June 3, 2026.