Robert Alvarez - 16 Dec 2021 Form 4 Insider Report for BigCommerce Holdings, Inc. (BIGC)

Role
Chief Financial Officer
Signature
/s /Jeff Mengoli, Attorney-in-Fact for Robert Alvarez
Issuer symbol
BIGC
Transactions as of
16 Dec 2021
Net transactions value
$0
Form type
4
Filing time
17 Dec 2021, 16:01:20 UTC
Previous filing
10 Nov 2021
Next filing
30 Dec 2021
SEC
View on sec.gov

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 Non-Qualified Stock Option (Right to Buy) Gift $0 -129,557 -49% $0.000000 137,109 16 Dec 2021 Series 1 Common Stock 266,666 $3.03 Direct F1, F2
transaction BIGC Non-Qualified Stock Option (Right to Buy) Gift $0 +129,557 $0.000000 129,557 16 Dec 2021 Series 1 Common Stock 129,557 $3.03 By Robert Alvarez Gifting Trust F1, F2
transaction BIGC Non-Qualified Stock Option (Right to Buy) Gift $0 -66,666 -100% $0.000000* 0 16 Dec 2021 Series 1 Common Stock 66,666 $0.3900 Direct F2, F3, F4
transaction BIGC Non-Qualified Stock Option (Right to Buy) Gift $0 +66,666 $0.000000 66,666 16 Dec 2021 Series 1 Common Stock 66,666 $0.3900 By Robert Alvarez Gifting Trust F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 16, 2021, the reporting person assigned 129,557 unexercised options to a family trust of which the reporting person's spouse is the trustee. The reporting person's spouse and members of his immediate family are the sole beneficiaries of the trust.
F2 Option was immediately exercisable on the date of grant.
F3 On December 16, 2021, the reporting person assigned 66,666 unexercised options to a family trust of which the reporting person's spouse is the trustee. The reporting person's spouse and members of his immediate family are the sole beneficiaries of the trust.
F4 Due to an administrative error, the Form 3 filed for Mr. Alvarez on August 3, 2020, incorrectly reported the number of these Non-Qualified Stock Options held by Mr. Alvarez as 96,597 instead of 66,666.