Lisa Eggerton - Jun 28, 2023 Form 4 Insider Report for BigCommerce Holdings, Inc. (BIGC)

Role
Chief Marketing Officer
Signature
/s/ Chuck Cassidy, Attorney-in-Fact for Lisa Eggerton
Stock symbol
BIGC
Transactions as of
Jun 28, 2023
Transactions value $
-$73,575
Form type
4
Date filed
6/30/2023, 04:15 PM
Previous filing
May 31, 2023
Next filing
Jul 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BIGC Series 1 Common Stock Options Exercise $5.72K +1.8K +1.27% $3.18 144K Jun 28, 2023 Direct F1
transaction BIGC Series 1 Common Stock Options Exercise $5.16K +1.91K +1.33% $2.70* 146K Jun 28, 2023 Direct F1
transaction BIGC Series 1 Common Stock Sale -$84.5K -8.45K -5.8% $10.00 137K Jun 28, 2023 Direct F2, F3

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 -1.8K -13.12% $0.00 11.9K Jun 28, 2023 Series 1 Common Stock 1.8K $3.18 Direct F1, F4
transaction BIGC Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -1.91K -3.99% $0.00 46K Jun 28, 2023 Series 1 Common Stock 1.91K $2.70 Direct F1, F4
holding BIGC Non-Qualified Stock Option (Right to Buy) 13.5K Jun 28, 2023 Series 1 Common Stock 13.5K $3.18 By Ex-Spouse F4, F5
holding BIGC Non-Qualified Stock Option (Right to Buy) 20.6K Jun 28, 2023 Series 1 Common Stock 20.6K $2.70 By Ex-Spouse F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 March 16, 2023.
F2 This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 16, 2023.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.00 to $10.9999, 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 3 to this Form 4.
F4 Option was immediately exercisable on the date of grant.
F5 Options, which, pursuant to the terms of the Issuers equity incentive plan, are not transferable pursuant to a divorce decree, are held in the name of the reporting person for the benefit of the reporting persons ex-spouse pursuant to a divorce decree.