Robert Alvarez - Dec 16, 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
Dec 16, 2021
Transactions value $
$0
Form type
4
Date filed
12/17/2021, 04:01 PM
Previous filing
Nov 10, 2021
Next filing
Dec 30, 2021

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 -130K -48.58% $0.00 137K Dec 16, 2021 Series 1 Common Stock 267K $3.03 Direct F1, F2
transaction BIGC Non-Qualified Stock Option (Right to Buy) Gift $0 +130K $0.00 130K Dec 16, 2021 Series 1 Common Stock 130K $3.03 By Robert Alvarez Gifting Trust F1, F2
transaction BIGC Non-Qualified Stock Option (Right to Buy) Gift $0 -66.7K -100% $0.00* 0 Dec 16, 2021 Series 1 Common Stock 66.7K $0.39 Direct F2, F3, F4
transaction BIGC Non-Qualified Stock Option (Right to Buy) Gift $0 +66.7K $0.00 66.7K Dec 16, 2021 Series 1 Common Stock 66.7K $0.39 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.