BIGC insider to sell 49,475 shares worth $254k per Form 144 filing

BigCommerce Holdings, Inc. (NASDAQ: BIGC) filed a Form 144 stating that insider Brian Singh Dhatt intends to sell up to 49,475 common shares through Morgan Stanley Smith Barney on or about 24 Jul 2025.

Rhea-AI Filing Summary

BigCommerce Holdings, Inc. (NASDAQ: BIGC) filed a Form 144 stating that insider Brian Singh Dhatt intends to sell up to 49,475 common shares through Morgan Stanley Smith Barney on or about 24 Jul 2025. Based on the filing’s reference price, the shares are valued at roughly $254,076, equal to only 0.06 % of the company’s 80.1 million shares outstanding.

The stock was obtained the same day via an option exercise under a registered employee plan and will be sold on the NASDAQ. Over the prior three months, the same seller had already disposed of 17,362 shares for $89,583.

Form 144 is a notice of proposed, not completed, sales. The filer affirms he is unaware of undisclosed material adverse information regarding BigCommerce.

Insights

Securities Analyst

TL;DR: Small insider sale (<0.1 % float) signals routine diversification—limited market impact.

The filing covers 49,475 BIGC shares worth about $254k plus a prior 17,362-share sale. Together, these total under 0.1 % of shares outstanding, far below thresholds that typically pressure liquidity or signal meaningful sentiment shifts. Because the shares stem from an option exercise on the same day, the transaction looks like a standard liquidity event rather than a strategic exit. No pricing, earnings, or operational data are disclosed, so valuation drivers remain unchanged. I classify the disclosure as not impactful for most investors, though some may view any insider selling as modestly bearish.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many BIGC shares are covered by the Form 144 notice?

The filing registers 49,475 common shares for potential sale.

What is the approximate market value of the BIGC shares to be sold?

At the reference price in the filing, the shares are valued at $254,075.86.

Who is the insider selling BigCommerce shares and how were they acquired?

The seller is Brian Singh Dhatt; the shares were acquired via option exercise under a registered plan on 24 Jul 2025.

When and where are the shares expected to be sold?

The planned sale date is 24 Jul 2025 on the NASDAQ through Morgan Stanley Smith Barney.

What percentage of outstanding BIGC shares does the planned sale represent?

About 0.06 % of the company’s 80,098,346 outstanding shares.

Have there been other recent insider sales by the same person?

Yes. During the past three months the insider sold 17,362 shares for $89,582.71.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/25/2025 - 05:40 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001602034
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	BIGCOMMERCE HOLDINGS, INC.
SEC File Number	001-39423
Address of Issuer	11305 Four Points Drive Austin TEXAS 78726
Phone	512-865-4500
Name of Person for Whose Account the Securities are To Be Sold	BRIAN SINGH DHATT
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Former Affiliate

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	49475	254075.86	80098346	07/24/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	07/24/2025	Exercise of options under a registered plan	Issuer			49475	07/24/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
BRIAN SINGH DHATT 11305 Four Points Drive Austin TX 78726	Common	07/24/2025	17362	89582.71

144: Remarks and Signature

Remarks
Date of Notice	07/25/2025
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Dhatt Brian Singh
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)