# EDGAR Filing Document

**Accession Number:** 0001786352
**File Stem:** 0001786352-25-000039
**Filing Date:** 2025-8
**Character Count:** 23916
**Document Hash:** 81039a1f32458ffa0e3c60119a25c685
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001786352-25-000039.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001786352-25-000039

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 17

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**EFFECTIVENESS DATE**: 20250828

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BILL Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001786352
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 832661725
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-289918
- **FILM NUMBER:** 251273574

**BUSINESS ADDRESS:**
- **STREET 1:** 6220 AMERICA CENTER DR.
- **STREET 2:** SUITE 100
- **CITY:** SAN JOSE
- **STATE:** CA
- **ZIP:** 95002
- **BUSINESS PHONE:** (650) 621-7700

**MAIL ADDRESS:**
- **STREET 1:** 6220 AMERICA CENTER DR.
- **STREET 2:** SUITE 100
- **CITY:** SAN JOSE
- **STATE:** CA
- **ZIP:** 95002

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Bill.com Holdings, Inc.
- **DATE OF NAME CHANGE:** 20190823

**As filed with the Securities and Exchange Commission on August 28, 2025.**

**Registration No. 333-** 

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

____________________________________

**FORM S-8**

**REGISTRATION STATEMENT**

***UNDER***

***THE SECURITIES ACT OF 1933***

____________________________________

**BILL HOLDINGS, INC.**

**(Exact name of registrant as specified in its charter)**

____________________________________

---

| | |
|:---|:---|
| **Delaware** | **83-2661725** |
| **(State or other jurisdiction of**<br>**incorporation or organization)** | **(I.R.S. Employer**<br>**Identification Number)** |

---

**6220 America Center Drive, Suite 100**

**San Jose, California 95002**

**(Address of Principal Executive Offices) (Zip Code)**

**2019 Equity Incentive Plan**

**2019 Employee Stock Purchase Plan**

**(Full title of the plans)**

**René Lacerte**

**Chief Executive Officer and Founder**

**BILL Holdings, Inc.**

**6220 America Center Drive, Suite 100**

**San Jose, California 95002**

&nbsp;&nbsp;&nbsp;&nbsp;**(650) 621-7700**

**(Name, address, including zip code, and telephone number, including area code, of agent for service)**

____________________________________

***Copies to:***

---

| | |
|:---|:---|
| **Mark C. Stevens**<br>**Dawn H. Belt**<br>**Per B. Chilstrom**<br>**Fenwick & West LLP**<br>**801 California Street**<br>**Mountain View, California 94041**<br>**(650) 988-8500** | **Raj Aji**<br>**Michael Dunn**<br>**Michael Shaw**<br>**BILL Holdings, Inc.**<br>**6220 America Center Drive, Suite 100**<br>**San Jose, California 95002**<br>**(650) 621-7700** |

---

____________________________________

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

------

---

| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ⌧ | Accelerated filer | □ |
| Non-accelerated filer | □ | Smaller reporting company | □ |
| Emerging growth company | □ | | |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.☐

------

**REGISTRATION OF ADDITIONAL SHARES**

**PURSUANT TO GENERAL INSTRUCTION E**

Pursuant to General Instruction E of Form S-8, BILL Holdings, Inc. (the "***Registrant***") is filing this Registration Statement on Form S-8 with the Securities and Exchange Commission (the "***Commission***") to register 5,150,561 additional shares of the Registrant's common stock under the Registrant's 2019 Equity Incentive Plan and 1,030,112 additional shares of the Registrant's common stock under the Registrant's 2019 Employee Stock Purchase Plan, pursuant to the provisions of those plans providing for an automatic annual increase in the number of shares reserved for issuance under such plans.

This Registration Statement hereby incorporates by reference the contents of the Registrant's previous registration statements on Form S-8 filed with the Commission on December 12, 2019 <u>[(Registration No. 333-235459)](https://www.sec.gov/Archives/edgar/data/1786352/000119312519312024/d843133ds8.htm)</u>, November 6, 2020 <u>[(Registration No. 333-249935)](https://www.sec.gov/Archives/edgar/data/1786352/000119312520288023/d92037ds8.htm)</u>, August 30, 2021 <u>[(Registration No. 333-259178)](https://www.sec.gov/Archives/edgar/data/1786352/000119312521260836/d149805ds8.htm)</u>, August 22, 2022 <u>[(Registration No. 333-267008)](https://www.sec.gov/Archives/edgar/data/1786352/000119312522226506/d577661ds8.htm)</u>, August 29, 2023 <u>[(Registration](https://www.sec.gov/Archives/edgar/data/1786352/000119312523223898/d542957ds8.htm)[No](https://www.sec.gov/Archives/edgar/data/1786352/000119312523223898/d542957ds8.htm)[. 333-274255)](https://www.sec.gov/Archives/edgar/data/1786352/000119312523223898/d542957ds8.htm)</u>, and August 23, 2024 <u>[(Registration No. 333-281759)](https://www.sec.gov/Archives/edgar/data/1786352/000119312524206223/d860270ds8.htm)</u>. In accordance with the instructional note to Part I of Form S-8 as promulgated by the Commission, the information specified by Part I of Form S-8 has been omitted from this Registration Statement.

**PART II**

**Information Required in the Registration Statement**

**Item 3. <u>Incorporation of Documents by Reference</u>.**

The following documents filed by the Registrant with the Commission pursuant to the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended (the "***Exchange Act***"), are incorporated herein by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;the Registrant's Annual Report on <u>[Form 10-K](https://www.sec.gov/ix?doc=/Archives/edgar/data/0001786352/000178635225000037/bill-20250630.htm)</u> for the fiscal year ended June 30, 2025, filed with the Commission on August 28, 2025;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;all other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act since the end of the fiscal year covered by the Registrant's Annual Report referred to in (a) above; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;the description of the Registrant's common stock contained in the Registrant's Registration Statement on <u>[Form 8-A](https://www.sec.gov/Archives/edgar/data/1786352/000119312519305407/d818124d8a12b.htm)</u> (Registration No. 001-39149) filed with the Commission on December 3, 2019 under Section 12(b) of the Exchange Act, as updated by the description of the Registrant's registered securities contained in <u>[Exhibit 4.3](https://www.sec.gov/Archives/edgar/data/1786352/000178635223000054/bill-20230630xex43.htm)</u> to the Registrant's Annual Report on <u>[Form 10-K](https://www.sec.gov/ix?doc=/Archives/edgar/data/1786352/000178635223000054/bill-20230630.htm)</u> for the fiscal year ended June 30, 2023, filed with the Commission on August 29, 2023, including any amendments or reports filed for the purpose of updating such description.

All documents and definitive proxy or information statements filed by the Registrant pursuant to Section 13(a), 13(c), 14, or 15(d) of the Exchange Act subsequent to the filing of this Registration Statement and prior to the filing of a post-effective amendment, which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference into this Registration Statement and to be a part hereof from the date of filing such documents, except as to specific sections of such documents as set forth therein. Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained in any subsequently filed document, which also is deemed to be incorporated by reference herein, modifies or supersedes such statement.

------

**Item 8. <u>Exhibits</u>.**

The following exhibits are filed herewith or incorporated by reference:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | **Incorporated by Reference** | **Incorporated by Reference** | **Incorporated by Reference** | **Incorporated by Reference** | |
|<br>**Exhibit**<br>**Number** |<br>**Exhibit Description** | **Form** | **File No.** | **Exhibit** | **Filing Date** |<br>**Filed<br>Herewith** |
| 4.1 | <u>[Restated Certificate of Incorporation of the Registrant, as amended.](https://www.sec.gov/Archives/edgar/data/1786352/000178635225000015/bill-20241231xex31.htm)</u> | 10-Q | 001-39149 | 3.1 | 02/07/2025 |  |
| 4.2 | <u>[Second Amended and Restated Bylaws of the Registrant.](https://www.sec.gov/Archives/edgar/data/1786352/000119312523042015/d370160dex32.htm)</u> | 8-K | 001-39149 | 3.2 | 02/17/2023 |  |
| 4.3 | <u>[Form of Registrant's Common Stock Certificate.](https://www.sec.gov/Archives/edgar/data/1786352/000119312519303670/d710902dex41.htm)</u> | S-1/A | 333-234730 | 4.1 | 12/2/2019 |  |
| 5.1 | <u>[Opinion of Fenwick & West LLP.](bill-20250630xs8xex51.htm)</u> |  |  |  |  | X |
| 23.1 | <u>[Consent of PricewaterhouseCoopers LLP, independent registered public accounting firm.](bill-20250630xs8xex231.htm)</u> |  |  |  |  | X |
| 23.2 | <u>[Consent of Ernst & Young LLP, independent registered public accounting firm.](bill-20250630xs8xex232.htm)</u> |  |  |  |  | X |
| 23.3 | <u>[Consent of Fenwick & West LLP (included in Exhibit 5.1).](bill-20250630xs8xex51.htm)</u> |  |  |  |  | X |
| 24.1 | <u>[Power of Attorney (included on the signature page of this Registration Statement).](#i365838d0b6d34b4bb5286d611174481b_96)</u> |  |  |  |  | X |
| 99.1 | <u>[2019 Equity Incentive Plan and forms of award agreements.](https://www.sec.gov/Archives/edgar/data/1786352/000178635223000054/bill-20230630xex104.htm)</u> | 10-K | 001-39149 | 10.4 | 08/29/2023 |  |
| 99.2 | <u>[2019 Employee Stock Purchase Plan and forms of enrollment agreement.](https://www.sec.gov/Archives/edgar/data/1786352/000178635223000054/bill-20230630xex105.htm)</u> | 10-K | 001-39149 | 10.5 | 08/29/2023 |  |
| 107 | <u>[Filing Fee Table](exfilingfees.htm)</u> |  |  |  |  | X |

---

------

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of San Jose, State of California, on this 28th day of August, 2025.

---

| | |
|:---|:---|
| **BILL HOLDINGS, INC.** | **BILL HOLDINGS, INC.** |
| By: | /s/ René Lacerte |
|  | René Lacerte<br>*Chief Executive Officer* |

---

**POWER OF ATTORNEY**

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints René Lacerte and Rohini Jain, and each of them, as his or her true and lawful attorney-in-fact and agent with the full power of substitution, for him or her in any and all capacities, to sign any and all amendments to this registration statement (including post-effective amendments to this Registration Statement on Form S-8), and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully for all intents and purposes as he might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or his substitutes, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons on behalf of the Registrant in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| /s/ René Lacerte | Chief Executive Officer and Director | August 28, 2025 |
| René Lacerte | (*Principal Executive Officer*) |  |
| /s/ Rohini Jain | Chief Financial Officer | August 28, 2025 |
| Rohini Jain | (*Principal Financial Officer*) |  |
| /s/ Germaine Cota | Senior Vice President, Finance and Accounting | August 28, 2025 |
| Germaine Cota | (*Principal Accounting Officer*) |  |
| /s/ Aida Alvarez | Director | August 28, 2025 |
| Aida Alvarez |  |  |
| /s/ Steven Cakebread | Director | August 28, 2025 |
| Steven Cakebread |  |  |
| /s/ Stephen Fisher | Director | August 28, 2025 |
| Stephen Fisher |  |  |
| /s/ Keri Gohman | Director | August 28, 2025 |
| Keri Gohman |  |  |
| /s/ David Hornik | Director | August 28, 2025 |

---

------

---

| | | |
|:---|:---|:---|
| David Hornik |  |  |
| /s/ Brian Jacobs | Director | August 28, 2025 |
| Brian Jacobs |  |  |
| /s/ Allie Kline | Director | August 28, 2025 |
| Allie Kline |  |  |
| /s/ Allison Mnookin | Director | August 28, 2025 |
| Allison Mnookin |  |  |
| /s/ Tina Reich | Director | August 28, 2025 |
| Tina Reich |  |  |
| /s/ Alison Wagonfeld | Director | August 28, 2025 |
| Alison Wagonfeld |  |  |
| /s/ Dan Wernikoff | Director | August 28, 2025 |
| Dan Wernikoff |  |  |

---

## Ex-Filing

?xml version='1.0' encoding='ASCII'? exfilingfees

**Exhibit 107**

Calculation of Filing Fee Tables

Form S-8

(Form Type)

BILL Holdings, Inc.

(Exact Name of Registrant as Specified in its Charter)

Newly Registered Securities

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Security <br>Type | Security<br>Class<br>Title | Fee<br>Calculation <br>&nbsp;&nbsp;&nbsp;&nbsp;Rule | Amount<br>Registered<sup>(1)</sup> | Proposed Maximum<br>Offering Price Per<br>Share | Maximum Aggregate<br>Offering Price | Fee Rate | Amount of<br>Registration<br>Fee |
| 1 | Equity | Common Stock, par value $0.00001 per share | Rule 457(a) | 5150561 | $40.81 | $210194394 | $0.0001531 | $32181 |
| 2 | Equity | Common Stock, par value $0.00001 per share | Rule 457(a) | 1030112 | $34.69 | $35734585 | $0.0001531 | $5471 |
|  | Total Offering Amounts | Total Offering Amounts | Total Offering Amounts | Total Offering Amounts | Total Offering Amounts | $245928979 |  | $37652 |
|  | Total Fee Offsets | Total Fee Offsets | Total Fee Offsets | Total Fee Offsets | Total Fee Offsets |  |  | $0 |
|  | Net Fee Due | Net Fee Due | Net Fee Due | Net Fee Due | Net Fee Due |  |  | $37652 |

---

**Offering Note**

Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the "Securities Act"), this Registration Statement shall also cover any additional shares of the Registrant's common stock that become issuable in respect of the securities identified in the above table by reason of any stock dividend, stock split, recapitalization, or other similar transaction effected without the Registrant's receipt of consideration which results in an increase in the number of the outstanding shares of the Registrant's common stock.

<sup>1</sup>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Represents additional shares of the Registrant's common stock reserved for issuance under the 2019 Equity Incentive Plan ("2019 Plan") resulting from the automatic annual increase in the number of authorized shares reserved and available for issuance under the 2019 Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Estimated pursuant to Rules 457(c) and (h) of the Securities Act, solely for the purpose of calculating the registration fee, on the basis of the average of the high and low prices of the Registrant's common stock as reported on the New York Stock Exchange on August 21, 2025.

<sup>2</sup>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Represents additional shares of the Registrant's common stock reserved for issuance under the 2019 Employee Stock Purchase Plan ("Purchase Plan") resulting from the automatic annual increase in the number of authorized shares reserved and available for issuance under the Purchase Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Estimated pursuant to Rules 457(c) and (h) of the Securities Act, solely for the purpose of calculating the registration fee, on the basis of the average of the high and low prices of the Registrant's common stock as reported on the New York Stock Exchange on August 21, 2025. Under the Purchase Plan, the purchase price of a share of common stock is equal to 85% of the fair market value of the Registrant's common stock on the offering date or the purchase date, whichever is less.

## Exhibit 5.1

**Exhibit 5.1**

---

| | |
|:---|:---|
| ![image_0a.jpg](image_0a.jpg) | ![image_1a.jpg](image_1a.jpg) |

---

August 28, 2025

BILL Holdings, Inc.

6220 America Center Drive, Suite 100

San Jose, California 95002

Re: Registration Statement on Form S-8

Ladies and Gentlemen:

As counsel to BILL Holdings, Inc., a Delaware corporation (the "***Company***"), we have examined the Registration Statement on Form S-8 (the "***Registration Statement***") to be filed by the Company with the Securities and Exchange Commission (the "***Commission***") on or about August 28, 2025 in connection with the registration under the Securities Act of 1933, as amended (the "***Securities Act***"), of an aggregate of 6,180,673 shares (the "***Shares***") of the Company's Common Stock, $0.00001 par value per share (the "***Common Stock***"), that consists of (a) 5,150,561 Shares that are subject to issuance by the Company upon the exercise or settlement of awards granted or to be granted under the 2019 Equity Incentive Plan (the "***2019 EIP***") and (b) 1,030,112 Shares that are subject to issuance by the Company pursuant to purchase rights granted or to be granted under the 2019 Employee Stock Purchase Plan (the "***2019 ESPP***" and, together with the 2019 EIP, the "***Plans***").

As to matters of fact relevant to the opinions rendered herein, we have examined such documents, certificates and other instruments which we have deemed necessary or advisable, including a certificate addressed to us and dated the date hereof executed by the Company (the "***Opinion Certificate***"). We have not undertaken any independent investigation to verify the accuracy of any such information, representations or warranties or to determine the existence or absence of any fact, and no inference as to our knowledge of the existence or absence of any fact should be drawn from our representation of the Company or the rendering of the opinion set forth below. We have not considered parol evidence in connection with any of the agreements or instruments reviewed by us in connection with this letter.

In our examination of documents for purposes of this letter, we have assumed, and express no opinion as to, the genuineness and authenticity of all signatures on original documents, the authenticity and completeness of all documents submitted to us as originals, that each document is what it purports to be, the conformity to originals of all documents submitted to us as copies or facsimile copies, the absence of any termination, modification or waiver of or amendment to any document reviewed by us (other than as has been disclosed to us), the legal competence or capacity of all persons or entities (other than the Company) executing the same and (other than the Company) the due authorization, execution and delivery of all documents by each party thereto. We have also assumed the conformity of the documents filed with the Commission via the Electronic Data Gathering, Analysis and Retrieval System ("***EDGAR***"), except for required EDGAR formatting changes, to physical copies submitted for our examination.

The opinions in this letter are limited to the existing General Corporation Law of the State of Delaware now in effect. We express no opinion with respect to any other laws.

Based upon, and subject to, the foregoing, it is our opinion that the Shares, when issued and sold by the Company in accordance with the terms (including, without limitation, payment and authorization provisions) of the applicable Plan and the applicable form of award agreement thereunder, against the Company's receipt of payment therefor (in an amount and type of consideration not less than the par value per Share), and duly registered on the books of the transfer agent and registrar for the Shares in the name or on behalf of the holders thereof, will be validly issued, fully paid and non-assessable.

We consent to the use of this opinion as an exhibit to the Registration Statement and further consent to all references to us, if any, in the Registration Statement, the prospectuses constituting a part thereof and any amendments thereto. We do not thereby admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission thereunder.

This opinion is intended solely for your use in connection with the issuance and sale of the Shares subject to the Registration Statement and is not to be relied upon for any other purpose. In providing this letter, we are opining only as to the specific legal issues expressly set forth above, and no opinion shall be inferred as to any other matter or matters. This opinion is rendered on, and speaks only as of, the date of this letter first written above, and does not address any potential change in facts or law that may occur after the date of this opinion letter. We assume no obligation to advise you of any fact, circumstance, event or change in the law or the facts that may hereafter be brought to our attention, whether or not such occurrence would affect or modify any of the opinions expressed herein.

Very truly yours,

/s/ Fenwick & West LLP

**FENWICK & WEST LLP**

## Exhibit 23.1

**Exhibit 23.1**

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in this Registration Statement on Form S-8 of BILL Holdings, Inc. of our report dated August 28, 2025 relating to the financial statements and the effectiveness of internal control over financial reporting, which appears in BILL Holdings Inc.'s Annual Report on Form 10-K for the year ended June 30, 2025.

---

| |
|:---|
| /s/ PricewaterhouseCoopers LLP |
| San Jose, California |
| August 28, 2025 |

---

## Exhibit 23.2

**Exhibit 23.2**

**Consent of Independent Registered Public Accounting Firm**

We consent to the incorporation by reference in the Registration Statements (Form S-8) pertaining to the 2019 Equity Incentive Plan and 2019 Employee Stock Purchase Plan of BILL Holdings, Inc. of our report dated August 29, 2023, with respect to the consolidated financial statements for the year ended June 30, 2023 of BILL Holdings, Inc. included in its Annual Report (Form 10-K) for the year ended June 30, 2025, filed with the Securities and Exchange Commission.

/s/ Ernst & Young LLP

Los Angeles, California

August 28, 2025

<br>