BILL Holdings Inc

The Compensation Committee reviews our executive compensation programs annually to ensure ongoing alignment with our desired compensation philosophy and the long-term interests of our stockholders, as well as stockholder feedback and Say on Pay vote outcomes. Following its annual review, the Compensation Committee determined that our current executive compensation program remains aligned with our desired compensation philosophy and the long-term interests of our stockholders, and therefore no material design changes were made to the program for fiscal 2025. We made significant design changes to our program in 2023 with the addition of performance-based equity, and in 2024 by increasing the proportion of performance-based equity awards and introducing performance-based equity with a relative TSR performance metric, and the Compensation Committee believes it is important to observe the effectiveness of these enhancements in driving and rewarding Company financial performance before introducing additional changes. We will continue to review market data from peer companies and engage with stockholders to ensure that our program reflects best practices and considers the feedback of our stockholders.