Michael Cieri, Chief Product Officer of BILL Holdings, Inc. (NYSE:BILL), filed a Form 4 on September 1, 2026, disclosing RSU and PSU vestings, tax-related share withholding, and an open-market sale of common stock dated August 28 and August 31, 2026.

Key Highlights

  • RSU vesting: 12,897 shares of common stock were acquired on August 28, 2026, via restricted stock unit settlement (transaction code M).
  • PSU vesting: 6,531 shares of common stock were acquired on August 28, 2026, via performance stock unit settlement (transaction code M).
  • Tax withholding: 8,674 shares were withheld on August 28, 2026, at $50.31 per share to satisfy tax obligations related to the RSU and PSU vestings.
  • Open-market sale: 10,754 shares were sold on August 31, 2026, at a weighted average price of $49.1338, in multiple transactions ranging from $48.84 to $49.41 per share.
  • Rule 10b5-1 plan: The August 31 sale was made pursuant to a Rule 10b5-1 trading plan adopted by Cieri on December 2, 2025.
  • Remaining ownership: Following all reported transactions, Cieri directly held 997 shares of common stock, 141,873 RSUs, and 13,059 PSUs.

BILL Holdings CPO Cieri Vests RSUs and PSUs, Sells Shares Under 10b5-1 Plan

According to the filing, Michael Cieri, serving as Chief Product Officer of BILL Holdings, Inc., reported a series of transactions in the company's common stock on August 28 and August 31, 2026. On August 28, Cieri received 12,897 shares through the settlement of restricted stock units and an additional 6,531 shares through the settlement of performance stock units, both under transaction code M. The filing notes that each RSU represents a contingent right to receive one share of common stock, and each PSU represents a conditional right to receive one share of common stock.

Also on August 28, 2026, 8,674 shares were withheld at $50.31 per share, which the filing states represents shares withheld to satisfy the tax withholding obligation connected to the RSU and PSU vestings. On August 31, 2026, Cieri sold 10,754 shares at a weighted average price of $49.1338 per share. The filing discloses that these shares were sold in multiple transactions at prices ranging from $48.84 to $49.41 per share, inclusive, and that the sale was effected pursuant to a Rule 10b5-1 trading plan adopted on December 2, 2025.

Regarding vesting schedules, the filing explains that the RSUs vest as to 1/4th of total shares on May 28, 2026, and thereafter 1/16th of total shares vest quarterly over three years, subject to continued service. The PSUs vest and settle over three years, with 1/3rd vesting on August 28, 2026, and the remaining 2/3rd vesting quarterly over two years, also subject to continuing service. After all reported transactions, Cieri's direct beneficial ownership stood at 997 shares of common stock.

What Was Disclosed

The Form 4 filed September 1, 2026, reports RSU and PSU vestings totaling 19,428 shares acquired, 8,674 shares withheld for taxes at $50.31, and 10,754 shares sold at a weighted average of $49.1338 under a pre-established 10b5-1 plan, leaving Cieri with 997 directly held shares.