Steven Joseph Murray - Jun 21, 2021 Form 4 Insider Report for BigCommerce Holdings, Inc. (BIGC)

Role
Director
Signature
/s /Jeff Mengoli, Attorney-in-Fact for Steven J. Murray
Stock symbol
BIGC
Transactions as of
Jun 21, 2021
Transactions value $
-$1,545,829
Form type
4
Date filed
6/23/2021, 09:47 PM
Next filing
Jun 25, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BIGC Series 1 Common Stock Sale -$65K -1K -0.05% $65.01* 2M Jun 21, 2021 By Softbank Princeville Investments, L.P. F1, F2, F3
transaction BIGC Series 1 Common Stock Sale -$1.48M -22.8K -1.14% $65.04* 1.98M Jun 22, 2021 By Softbank Princeville Investments, L.P. F1, F3, F4
holding BIGC Series 1 Common Stock 434K Jun 21, 2021 By Revolution Growth II, LP F5, F6
holding BIGC Series 1 Common Stock 8.3K Jun 21, 2021 By Revolution Growth GP II, LP F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 16, 2021.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.00 to $65.9999, 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 2 to this Form 4.
F3 The reported securities are held directly by Softbank Princeville Investments, L.P. ("Softbank Princeville"). The Reporting Person is the managing member of SB PV GP LLC, which is the general partner of SB PV GP, L.P., the general partner of Softbank Princeville. The Reporting Person may be deemed to have voting and dispositive power with respect to these shares. The Reporting Person disclaims beneficial ownership of the shares held by Softbank Princeville except to the extent of his pecuniary interest therein.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.00 to $65.1900, 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 shares reported herein give effect to the pro rata distributions of shares by Revolution Growth II, LP ("Revolution II") for no additional consideration to its limited partners and its general partner, Revolution Growth GP II, LP ("Revolution II GP"), subsequent to the Reporting Person's last Section 16 filing reporting ownership of Series 1 Common Stock. The distributions of such shares constituted only a change in the form of the Reporting Person's beneficial ownership of such shares.
F6 The reported securities are held directly by Revolution II. The Reporting Person is the operating manager of Revolution Growth UGP II, LLC, the general partner of Revolution II GP, which is the general partner of Revolution II. The Reporting Person has voting power with respect to these shares and as a member of the investment committee of Revolution II GP, may be deemed to share dispositive power with respect to these shares. The Reporting Person disclaims beneficial ownership of the shares held by Revolution II except to the extent of his pecuniary interest therein.
F7 The reported securities are held directly by Revolution II GP. The Reporting Person is the operating manager of Revolution Growth UGP II, LLC, the general partner of Revolution II GP, which is the general partner of Revolution II. The Reporting Person has voting power with respect to these shares and as a member of the investment committee of Revolution II GP, may be deemed to share dispositive power with respect to these shares. The Reporting Person disclaims beneficial ownership of the shares held by Revolution II GP except to the extent of his pecuniary interest therein.