About this page
Insider trades reported on SEC Form 4: when the people who run a company buy or sell its shares with their own money.
How to read it
- Form 4
- The form a company insider (officer, director or owner of more than 10%) must file with the SEC within two business days of buying or selling the company's shares.
- Buy (P) and Sell (S)
- Open-market purchases and sales. Gifts, option exercises and automatic tax withholding are left out because they say little about what the insider thinks.
- Value
- Shares times price, as reported on the filing.
- 10b5-1
- A trade made under a plan set up in advance. Planned sales are common and usually say less than an unplanned purchase.
- Late filing
- A Form 4 filed more than two business days after the trade.
- Vs. S&P 500
- How the stock did after the trade minus how the overall market did in the same weeks.
A real example
In January 2016, when bank stocks were falling, JPMorgan Chase CEO Jamie Dimon bought 500,000 JPMorgan shares with his own money, worth about $26 million. His Form 4 made the purchase public within days, and investors read it as a strong sign of confidence.
Explain it like I'm 13
If the coach of a team bets his own allowance that his team will win, that tells you something. A Form 4 is the note a company boss must hand in whenever he buys or sells his own company's shares, so everyone can see it.
Data from public SEC filings and congressional reports. Information, not investment advice. Check every number against the filing linked on the page.
BILL Holdings, Inc. (BILL): Insider Trades and Fund Holdings
In the past 12 months, BILL Holdings, Inc. insiders reported no open-market purchases and 5 sales worth $14.7M; 2 of the sales were reported as made under a 10b5-1 trading plan.
Timeline: news and trades
Company filings (8-K), insider trades, notices of planned sales (Form 144), Congress trades and fund moves in the past year, newest first.
- Sep 9, 2026Planned saleJOHN RETTIG (officer) filed notice to sell about $946,907 around Sep 9, 2026
- Sep 3, 2026Insider saleCEO Rene A. Lacerte sold $2.1 million
- Sep 3, 2026Planned saleIlio Irrevocable Trust (director, officer) filed notice to sell about $1 million around Sep 3, 2026
- Sep 3, 2026Planned saleNene Irrevocable Trust (director, officer) filed notice to sell about $1 million around Sep 3, 2026
- Sep 2, 2026Insider saleCEO Rene A. Lacerte sold $10.4 million
- Sep 2, 2026Planned saleRENE A LACERTE (director, officer) filed notice to sell about $6.7 million around Sep 2, 2026
- Sep 2, 2026Planned saleMAKAHAKAMA TRUST U/A DTD 02/15/2004 (director, officer) filed notice to sell about $1.8 million around Sep 2, 2026
- Sep 2, 2026Planned saleMAKAHAKAMA FOUNDATION (director, officer) filed notice to sell about $1.7 million around Sep 2, 2026
- Sep 1, 2026Insider saleCFO Rohini Jain sold $1.6 million under a 10b5-1 plan
- Sep 1, 2026Planned saleROHINI JAIN (officer) filed notice to sell about $1.6 million around Sep 1, 2026
- Aug 31, 2026Insider saleChief Product Officer Michael Cieri sold $528,385 under a 10b5-1 plan
- Aug 31, 2026Planned saleMICHAEL CIERI (officer) filed notice to sell about $541,034 around Aug 31, 2026
- Aug 19, 2026NewsCompany reported: Quarterly or annual results
- Jun 30, 2026FundBridgewater Associates cut 78% in Q2 2026 (13F filed Aug 14, 2026)
- Jun 30, 2026FundSoros Fund Management cut 76% in Q2 2026 (13F filed Aug 14, 2026)
- Jun 30, 2026FundStarboard Value added in Q2 2026 (13F filed Aug 14, 2026)
- Jun 30, 2026FundRenaissance Technologies opened a position in Q2 2026 (13F filed Aug 13, 2026)
Recent insider trades
Open-market purchases (code P) and sales (code S) from Form 4. Grants, option exercises and gifts are not shown. Latest filing: Sep 4, 2026.
| Filed | Insider | Type | Value |
|---|---|---|---|
| Sep 4 | Rene A. LacerteCEO | ▼ SELL | $6.84M |
| Sep 4 | Rene A. LacerteCEO | ▼ SELL | $3.57M |
| Sep 4 | Rene A. LacerteCEO | ▼ SELL | $2.12M |
| Sep 1 | Rohini JainCFO | ▼ SELL10b5-1 | $1.60M |
| Sep 1 | Michael CieriChief Product Officer | ▼ SELL10b5-1 | $528K |
Insiders who traded in the past year
| Insider | Role | Buys | Bought | Sells | Sold |
|---|---|---|---|---|---|
| Rene A. Lacerte | CEO | 0 | $0 | 3 | $12.5M |
| Rohini Jain | CFO | 0 | $0 | 1 | $1.60M |
| Michael Cieri | Chief Product Officer | 0 | $0 | 1 | $528K |
Trades by members of Congress
Reported under the STOCK Act. Amounts are ranges from the form. All Congress trades →
| Filed | Member | Type | Amount |
|---|---|---|---|
| Sep 12 |  Rep. Lisa C. McClainR-MI-9 | ▼ SELL | $1K–$15K |
| Aug 13 | Rep. Lisa C. McClainR-MI-9 | ▲ BUY | $1K–$15K |
Buybacks and executive pay
BILL Holdings, Inc. spent $430 million buying back its own shares in 2025.
| Year | CEO pay reported | CEO pay "actually paid" | Value of $100 invested |
|---|---|---|---|
| 2025 | $16.1M | $14.3M | n/a |
| 2024 | $14.4M | −$4.63M | n/a |
| 2023 | $17.7M | $18.2M | n/a |
From the company's XBRL data filed with the SEC. "Actually paid" is the SEC's pay-versus-performance measure, which counts changes in the value of stock awards. "Value of $100 invested" is the company's cumulative shareholder return as reported, usually measured from five years earlier. See all buybacks and CEO pay across companies.
A All 5 insider trades reported on time. How it is graded
Tracked funds that report BILL
From each fund's latest 13F. Holdings are as of quarter end and are filed up to 45 days later.
| Fund | Shares | Value | Change |
|---|---|---|---|
| Starboard Value | 7,025,748 | $254.1M | ▲ 0.0% |
| Soros Fund Management | 25,662 | $928K | ▼ −76.0% |
| Renaissance Technologies | 20,900 | $756K | ▲ New |
| Bridgewater Associates | 14,625 | $529K | ▼ −77.8% |
Reading these numbers
Insiders sell for many reasons: taxes, diversification, a house. Purchases with their own money are rarer and are usually read as more informative. A Form 4 is due within two business days of the trade. How to read a Form 4 →