Brent Bellm - Nov 30, 2021 Form 4/A - Amendment Insider Report for BigCommerce Holdings, Inc. (BIGC)

Role
President Chief Exec Officer, Director
Signature
/s /Jeff Mengoli, Attorney-in-Fact for Brent Bellm
Stock symbol
BIGC
Transactions as of
Nov 30, 2021
Transactions value $
$0
Form type
4/A - Amendment
Date filed
3/1/2022, 04:17 PM
Date Of Original Report
Dec 2, 2021
Previous filing
Jun 2, 2021
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BIGC Series 1 Common Stock Purchase $12.1M +422K +177.75% $28.72 660K Nov 30, 2021 By Hilary Bellm 2021 Family Trust through its partnership interest in Elkmont Ltd. F1, F2, F3, F4
transaction BIGC Series 1 Common Stock Purchase $12.1M +420K +174.7% $28.72 660K Nov 30, 2021 By Brent Bellm Spousal Trust through its partnership interest in Elkmont Ltd. F1, F2, F3, F4
transaction BIGC Series 1 Common Stock Sale -$12.1M -422K -100% $28.72 0 Nov 30, 2021 By Brent Bellm through his partnership interests in Elkmont Ltd. F1, F2, F3, F4
transaction BIGC Series 1 Common Stock Sale -$12.1M -420K -100% $28.72 0 Nov 30, 2021 By Hilary Bellm through her partnership interests in Elkmont Ltd. F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted on August 18, 2021.
F2 The reported price is the fair market value of the limited partnership interests on November 30, 2021, as determined by an independent appraiser.
F3 In connection with the reporting person's estate plan and following the aforementioned transactions, the reporting person and the reporting person's spouse sold 31.9984% and 31.7984%, respectively, limited partnership interests in Elkmont to the IDGTs in a private transaction. The Elkmont limited partnership interests were sold to the IDGTs in exchange for the issuance of promissory notes in favor of the reporting person and the reporting person's spouse, in an aggregate amount equal to the fair market value of the partnership interests on November 30, 2021, as determined by an independent appraiser within 90 days of the transaction.
F4 In connection with the reporting person's estate plan, the reporting person and the reporting person's spouse gifted 18.0% and 18.2%, respectively, of the limited partnership interests in Elkmont to intentionally defective grantor trusts ("IDGT"), the sole beneficiaries of which are the reporting person or the reporting person's spouse and the reporting person's children. The reporting person is the sole trustee of the IDGTs.

Remarks:

EXPLANATORY NOTE: THIS AMENDMENT ON FORM 4/A IS BEING FILED TO AMEND THE FORM 4 FILED ON NOVEMBER 30, 2021 SOLELY TO REPORT THE PER SHARE PRICE IN BOX 4 OF TABLE I WHICH HAD NOT BEEN CALCULATED AS OF THE ORIGINAL FILING DATE. EXCEPT FOR SUCH PRICE AND THE RELATED FOOTNOTE 2, ALL OTHER REPORTED INFORMATION IN THE ORIGINAL FORM 4 REMAINS UNCHANGED. THE INFORMATION REPORTED IN THIS AMENDMENT DOES NOT REFLECT ANY TRANSACTIONS IN THE ISSUER'S SECURTIES BY THE REPORTING PERSON ON THE DATE HEREOF, AND NOTHING CONTAINED HEREIN IMPACTED THE AGGREGATE NUMBER OF SHARES REPORTED AS BENEFICIALLY OWNED BY THE REPORTING PERSON.