4//SEC Filing
Bellm Brent 4
Accession 0001562180-21-007393
CIK 0001626450other
Filed
Dec 1, 7:00 PM ET
Accepted
Dec 2, 5:14 PM ET
Size
18.6 KB
Accession
0001562180-21-007393
Insider Transaction Report
Form 4
Bellm Brent
DirectorPresident & CEO; Chairman
Transactions
- Gift
Series 1 Common Stock
2021-08-12−240,227→ 419,680 total(indirect: By Partnership) - Purchase
Series 1 Common Stock
2021-11-30+419,680→ 659,907 total(indirect: By Trust) - Sale
Series 1 Common Stock
2021-11-30−422,319→ 0 total(indirect: By Partnership) - Sale
Series 1 Common Stock
2021-11-30−419,680→ 0 total(indirect: By Partnership) - Gift
Series 1 Common Stock
2021-08-12−237,588→ 422,319 total(indirect: By Partnership) - Purchase
Series 1 Common Stock
2021-11-30+422,319→ 659,907 total(indirect: By Trust)
Holdings
- 100,389(indirect: By Mt. Eden Ltd.)
Series 1 Common Stock
- 496,696(indirect: By Wild Basin, Ltd.)
Series 1 Common Stock
- 0(indirect: By Hilary Bellm)
Series 1 Common Stock
- 349,356
Series 1 Common Stock
Footnotes (4)
- [F1]In connection with the reporting person's estate plan, the reporting person and the reporting person's spouse each transferred 659,907 shares to Elkmont Ltd. ("Elkmont"), a limited partnership of which the reporting person and the reporting person's spouse are the sole limited partners. The reporting person is the sole manager of Elkmont Investment Management, LLC, a limited liability company that is the sole general partner of Elkmont and wholly owned by the reporting person and the reporting person's spouse.
- [F2]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.
- [F3]This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted on August 18, 2021.
- [F4]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.
Documents
Issuer
BigCommerce Holdings, Inc.
CIK 0001626450
Entity typeother
Related Parties
1- filerCIK 0001513984
Filing Metadata
- Form type
- 4
- Filed
- Dec 1, 7:00 PM ET
- Accepted
- Dec 2, 5:14 PM ET
- Size
- 18.6 KB