Robert Alvarez - Apr 1, 2022 Form 4 Insider Report for BigCommerce Holdings, Inc. (BIGC)

Signature
/s /Jeff Mengoli, Attorney-in-Fact for Robert Alvarez
Stock symbol
BIGC
Transactions as of
Apr 1, 2022
Transactions value $
-$1,085,168
Form type
4
Date filed
4/5/2022, 09:37 PM
Previous filing
Mar 10, 2022
Next filing
Jun 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BIGC Series 1 Common Stock Options Exercise $19.5K +50K +22.2% $0.39* 275K Apr 1, 2022 By Robert Alvarez Gifting Trust F1
transaction BIGC Series 1 Common Stock Sale -$1.1M -49.7K -18.06% $22.09 225K Apr 1, 2022 By Robert Alvarez Gifting Trust F2, F3, F4
transaction BIGC Series 1 Common Stock Sale -$6.82K -301 -0.13% $22.66 225K Apr 1, 2022 By Robert Alvarez Gifting Trust F2, F4, F5
holding BIGC Series 1 Common Stock 183K Apr 1, 2022 Direct

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) Options Exercise $0 -50K -75% $0.00 16.7K Apr 1, 2022 Series 1 Common Stock 50K $0.39 By Robert Alvarez Gifting Trust F1, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock option exercise was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 17, 2021.
F2 This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 17, 2021.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.63 to $22.6299, 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 3 to this Form 4.
F4 The shares underlying this sale were held in the name of the reporting person for the benefit of 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.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.65 to $23.6499, 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 Option was immediately exercisable on the date of grant.
F7 Options held in the name of the reporting person for the benefit of 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.