Monitor for actual sale execution via subsequent Form 4 filings. The filing signals insider intent to monetize a significant equity stake, which may weigh on sentiment. Given BILL's 63% analyst bullish consensus, the sale could create short-term overhang. Watch for any additional insider selling patterns or upcoming earnings catalysts.
Price Chart
Executive Summary
John R. Rettig, an officer of BILL Holdings, filed a Form 144 on May 29, 2026, indicating intent to sell 136,306 shares of common stock with an approximate market value of $4.76 million. The shares were acquired from RSU vestings between November 2023 and November 2025 and are held by the Rettig Living Trust. This is a material insider sale by an officer, representing a notable portion of his holdings, and signals potential near-term selling pressure.
Key Facts
- Officer John R. Rettig filed Form 144 to sell 136,306 shares of BILL common stock.
- Estimated sale value is approximately $4.76 million based on the filing date.
- Shares were acquired from RSU vestings between November 2023 and November 2025.
- Sale is to be executed through J.P. Morgan Securities LLC as agent.
- The shares are held by the Rettig Living Trust, with Rettig as trustee.
Financial Impact
Proposed sale of 136,306 shares valued at approximately $4.76 million, representing about 0.14% of BILL's $3.5B market cap.
Risk Factors
- Insider sale may indicate lack of confidence in near-term stock performance.
- Potential for additional selling by the same insider or other officers.
- Form 144 is only an intent to sell; the sale may not occur or may be at different prices.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001968582-26-000511 |
| Document: 0001968582-26-000511-index.html | 0001968582-26-000511 |
| Document: 0001968582-26-000511.txt | 0001968582-26-000511 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 4, 2026 28d ago | Insider Cluster | $47.60 $49.96 | ▼ −4.96% | ▼ −6.08% | $43.62 (+8.36%) |
Sep 1, 2026 4w ago | Insider Cluster | $47.62 $47.94 | ▲ +0.67% | ▲ +0.59% | $43.62 (−8.40%) |
Aug 31, 2026 4w ago | 3 | $47.62 $47.94 | ▲ +0.67% | ▲ +0.59% | $43.62 (−8.40%) |
Aug 12, 2026 7w ago | Institutional Cluster | $48.70 $47.71 | ▼ −2.03% | ▼ −1.59% | $43.62 (−10.43%) |
Jun 12, 2026 16w ago | Institutional Cluster | $33.18 $32.47 | ▲ +2.14% | ▲ +2.81% | $43.62 (−31.46%) |
May 29, 2026 17w ago | 144 | $39.51 $35.97 | ▲ +8.96% | ▲ +6.21% | $43.62 (−10.40%) |
May 7, 2026 21w ago | 8-K | $41.83 $39.49 | ▼ −5.59% | ▼ −7.06% | $43.62 (+4.28%) |
US Market Status
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