Robert Alvarez - May 28, 2021 Form 4 Insider Report for BigCommerce Holdings, Inc. (BIGC)

Role: Chief Financial Officer
Signature: /s /Jeff Mengoli, Attorney-in-Fact for Robert Alvarez
Stock symbol: BIGC
Transactions as of: May 28, 2021
Transactions value $: -$2,726,750
Form type: 4
Date filed: 6/2/2021, 06:25 PM
Next filing: Jun 23, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BIGC	Series 1 Common Stock	Sale	-$596K	-10.7K	-7.4%	$55.46^*	134K	May 28, 2021	Direct	F1
transaction	BIGC	Series 1 Common Stock	Options Exercise	$7.8K	+20K	+14.87%	$0.39^*	154K	May 28, 2021	Direct	F2
transaction	BIGC	Series 1 Common Stock	Sale	-$393K	-7.2K	-4.66%	$54.62	147K	May 28, 2021	Direct	F3, F4
transaction	BIGC	Series 1 Common Stock	Sale	-$406K	-7.28K	-4.95%	$55.68^*	140K	May 28, 2021	Direct	F3, F5
transaction	BIGC	Series 1 Common Stock	Sale	-$269K	-4.75K	-3.39%	$56.60^*	135K	May 28, 2021	Direct	F3, F6
transaction	BIGC	Series 1 Common Stock	Sale	-$44K	-766	-0.57%	$57.41^*	134K	May 28, 2021	Direct	F3, F7
transaction	BIGC	Series 1 Common Stock	Sale	-$964K	-17K	-12.68%	$56.57^*	117K	May 28, 2021	Direct	F3, F8
transaction	BIGC	Series 1 Common Stock	Sale	-$62.9K	-1.1K	-0.94%	$57.17^*	116K	May 28, 2021	Direct	F3, F9
holding	BIGC	Series 1 Common Stock						185K	May 28, 2021	By Robert Alvarez Gifting Trust
holding	BIGC	Series 1 Common Stock						59.2K	May 28, 2021	By Robert and Jackie Alvarez Revocable Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	BIGC	Incentive Stock Option (Right to Buy)	Options Exercise	$0	-20K	-12.92%	$0.00	135K	May 28, 2021	Series 1 Common Stock	20K	$0.39	Direct	F2, F10

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects units sold by the reporting person to cover tax withholding obligations in connection with the vesting and settlement of RSUs granted on May 27, 2020. The sale was to satisfy tax withholding obligations to be funded by a mandatory "sell to cover" transaction and does not represent a discretionary transaction by the reporting person.
F10	Option was immediately exercisable on the date of grant.
F2	The stock option exercise was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 30, 2020.
F3	This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 30, 2020.
F4	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $54.18 to $55.1799, inclusive. The reporting person undertakes to provide to BigCommerce Holdings, Inc., any security holder of BigCommerce Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price with the ranges set forth in Footnote 4 to this Form 4.
F5	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $55.20 to $56.1999, inclusive. The reporting person undertakes to provide to BigCommerce Holdings, Inc., any security holder of BigCommerce Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price with the ranges set forth in Footnote 5 to this Form 4.
F6	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.23 to $57.2299, inclusive. The reporting person undertakes to provide to BigCommerce Holdings, Inc., any security holder of BigCommerce Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price with the ranges set forth in Footnote 6 to this Form 4.
F7	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.23 to $58.2299, inclusive. The reporting person undertakes to provide to BigCommerce Holdings, Inc., any security holder of BigCommerce Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price with the ranges set forth in Footnote 7 to this Form 4.
F8	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.05 to $57.0499, inclusive. The reporting person undertakes to provide to BigCommerce Holdings, Inc., any security holder of BigCommerce Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price with the ranges set forth in Footnote 8 to this Form 4.
F9	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.14 to $58.1399, inclusive. The reporting person undertakes to provide to BigCommerce Holdings, Inc., any security holder of BigCommerce Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price with the ranges set forth in Footnote 9 to this Form 4.