[8-K] BigCommerce Holdings, Inc. Series 1 Reports Material Event

Rhea-AI Filing Summary

Hovnanian Enterprises, Inc. (HOV) – Form 4 insider transaction

Director Edward A. Kangas reported the sale of 5,500 shares of the company’s Class A common stock on 30 Jun 2025 at a weighted average price of $107.121 per share. Following the disposition, his direct holdings declined from 10,838 to 5,338 shares. No derivative security transactions were reported, and no 10b5-1 trading plan was indicated.

Positive

• Director retains 5,338 shares, indicating continued equity interest in HOV despite the sale.

Negative

• Insider disposition of 5,500 shares may signal reduced confidence or liquidity needs.

Insights

Financial Analyst

TL;DR: Small director sale; modestly negative sentiment, limited impact.

The disclosed sale reduces Mr. Kangas’s stake by roughly half, but absolute volume (5,500 shares) appears modest and no additional context on total share count or trading plan is given. Absence of derivative activity limits complexity. Insider sales can be viewed cautiously, yet the director retains 5,338 shares, signalling continuing alignment. With no earnings or strategic data attached, the filing carries minimal financial impact and is best interpreted as routine portfolio management.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 1, 2025

BigCommerce Holdings, Inc.

(Exact name of registrant as specified in charter)

Delaware		001-39423		46-2707656
(State or Other Jurisdiction of  Incorporation)		(Commission File Number)		(I.R.S. Employer Identification  Number)

11305 Four Points Drive

Building II, Suite 100

Austin, Texas 78726

(Address of principal executive offices, including zip code)

(512) 865-4500

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

□Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

□Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

□Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

□Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Series 1 Common Stock, $ 0.0001 par value per share	BIGC	The Nasdaq Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

□ Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. □

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On June 27, 2025, Lawrence Bohn notified the Board of Directors (the “Board”) of BigCommerce Holdings, Inc. (the “Company”) of his intention to retire from the Board of Directors effective on July 1, 2025. Mr. Bohn’s resignation is not the result of any disagreement with the Company on any matter relating to its operations, policies or practices.

On June 30, 2025, following the recommendation of the Nominations and Corporate Governance Committee (the “Nominating Committee”) of the Board, the Board extended an offer to Anil Kamath to serve as a director. Mr. Kamath promptly accepted this offer, and effective July 1, 2025, was appointed as a Class I director for a term expiring at the annual meeting of stockholders in 2027 or until his earlier death, resignation or removal. The Board also appointed Mr. Kamath to serve on the Compensation Committee and the Nominating and Corporate Governance Committee of the Board.

Mr. Kamath has a proven track record of driving growth and stakeholder value. From 2012 to 2025, he was a Fellow and Vice President of Technology at Adobe, responsible for data science, machine learning, and artificial intelligence in the Adobe Experience Cloud. In 2002, he founded Efficient Frontier, a digital ad buying platform, where he served as Founding Chief Executive Officer until 2004, and then as Chief Technology Officer and board member until its acquisition by Adobe in 2012. He also founded eBoodle, an e-commerce company, in 1998, which was acquired by Shopzilla in 2000. Mr. Kamath received a B.Tech in Computer Science from the Indian Institute of Technology, Bombay in 1989, and a Ph.D. in Computer Science from Stanford University in 1995. Mr. Kamath’s business leadership skills, experience with data science, machine learning, and artificial intelligence, and knowledge of the technology industry qualify him to serve on the Company’s Board.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	BigCommerce Holdings, Inc.
Date: July 1, 2025	By:	/s/ Chuck Cassidy
		Chuck Cassidy
		General Counsel

FAQ

How many HOV shares did Director Edward A. Kangas sell?

He sold 5,500 Class A common shares on 30 Jun 2025.

What price did the insider receive for the HOV shares?

The weighted average sale price was $107.121 per share.

How many HOV shares does the director still own after the transaction?

Mr. Kangas now directly owns 5,338 shares.

Were any derivative securities involved in the filing?

No, the Form 4 reports no derivative security transactions.

Does the Form 4 mention a Rule 10b5-1 trading plan?

The filing does not indicate that the sale was executed under a Rule 10b5-1 plan.