CPO Michael Cieri sells 32,875 shares for $1.2M at BILL via pre-arranged 10b5-1 plan; retains 997 shares plus 154,770 RSUs.
Michael Cieri, Chief Product Officer, executed 3 separate sales totaling 32,875 shares for $1,204,663.34 on 2026-05-29 under a pre-arranged 10b5-1 trading plan adopted on 2025-12-02, reducing his non-derivative holdings from 33,872 shares to 997 shares. The sales occurred at prices ranging from $35.68 to $37.10, with a blended average of $36.64, while the stock currently trades at $33.18—down 42.0% from its 52-week high of $57.21. The transaction is scheduled under a 10b5-1 plan rather than discretionary, limiting inference about timing or conviction. Notably, Cieri retains 154,770 restricted stock units, meaning his overall equity exposure at BILL remains material despite the substantial reduction in non-derivative holdings.