Starboard Value LP's Ownership and Forward Purchase Contracts in BILL Holdings, Inc.
The filing discloses that Starboard Value LP, managed by Peter A. Feld, holds a significant position in BILL Holdings, Inc. (BILL). Starboard Value LP serves as the investment manager for certain accounts and funds that own 7,025,748 shares of BILL's common stock. Additionally, one of the Starboard accounts has entered into forward purchase contracts with Nomura Global Financial Products Inc., providing for the purchase of 1,614,152 shares of BILL's common stock at an aggregate purchase price of $69,096,198. These forward contracts have a final valuation date of December 21, 2026, with the option for early settlement. The filing highlights the indirect ownership of these securities by Starboard Value LP and Peter A. Feld, who disclaims beneficial ownership except to the extent of his pecuniary interest.