SCHEDULE 13G/A: Lynrock Lake LP Affirms 7.6% Passive Stake in BigCommerce Holdings, Inc.
Beneficial Ownership Report
Lynrock Lake LP, along with its affiliates Lynrock Lake Partners LLC and Cynthia Paul, has filed an amended Schedule 13G confirming a 7.6% beneficial ownership stake in BigCommerce Holdings, Inc. as of March 31, 2025.
Summary
- Lynrock Lake LP, Lynrock Lake Partners LLC, and Cynthia Paul (collectively, the "Reporting Persons") have filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership in BigCommerce Holdings, Inc.
- As of March 31, 2025, the Reporting Persons collectively beneficially own 6,075,807 shares of BigCommerce Holdings, Inc.'s Series 1 common stock.
- This ownership represents 7.6% of the outstanding Series 1 common stock of BigCommerce Holdings, Inc.
- The percentage is calculated based on 79,473,423 shares of Series 1 common stock outstanding as of March 25, 2025, as reported in the Issuer's Proxy Statement filed on April 2, 2025.
- The Reporting Persons hold sole voting power and sole dispositive power over all 6,075,807 shares.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The document is a factual, routine regulatory filing (Schedule 13G) disclosing beneficial ownership. It contains no forward-looking statements, operational updates, or financial performance data that would indicate a positive or negative sentiment.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of a significant passive ownership stake by an investment manager in a publicly traded e-commerce platform provider. It does not provide specific insights into broader industry trends or competitive dynamics beyond confirming an institutional investor's position in BigCommerce Holdings, Inc.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant passive institutional ownership stake in the company, confirming a large investor's position.
Key Dates
| Date | Description |
|---|---|
| 2025-03-25 | Date as of which 79,473,423 shares of Series 1 common stock of BigCommerce Holdings, Inc. were reported outstanding in the Issuer's Proxy Statement. |
| 2025-03-31 | Date of event which requires the filing of this Schedule 13G Amendment No. 1, and the date as of which beneficial ownership is reported. |
| 2025-04-02 | Date BigCommerce Holdings, Inc. filed its Proxy Statement with the SEC, reporting outstanding shares. |
| 2025-05-15 | Date the Schedule 13G Amendment No. 1 was signed and filed. |
Keywords
BigCommerce Holdings, Lynrock Lake LP, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Institutional Investor, Passive Investment
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