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    Amendment: SEC Form SC 13G/A filed by BigCommerce Holdings Inc.

    11/13/24 7:24:10 PM ET
    $BIGC
    Computer Software: Prepackaged Software
    Technology
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    SC 13G/A 1 form_sc13ga-bigcommerce.htm

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    WASHINGTON, DC 20549

    SCHEDULE 13G

    Under the Securities Exchange Act of 1934
    (Amendment No. 1)*

    BigCommerce Holdings, Inc.
    (Name of Issuer)

    Series 1 Common Stock, par value $0.0001 per share
    (Title of Class of Securities)

    08975P108
    (CUSIP Number)

    September 30, 2024
    (Date of Event Which Requires Filing of this Statement)

    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
     
    [X]  Rule 13d-1(b)

    [_]  Rule 13d-1(c)

    [_]  Rule 13d-1(d)

    __________
    *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
     
    The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
     


    CUSIP No.
    08975P108
     
     
     
     
     
    1.
    NAME OF REPORTING PERSONS
     
     
     
     
     
    Cadian Capital Management, LP
     
     
     
     
    2.
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
     
     (a)  [_]
     
     
     (b)  [_]
     
     
     
     
    3.
    SEC USE ONLY
     
     
     
     
     
     
     
     
     
     
    4.
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
     
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     
     
     
    5.
    SOLE VOTING POWER
     
     
     
     
     
    0
     
     
     
     
    6.
    SHARED VOTING POWER
     
     
     
     
     
    3,747,000
     
     
     
     
    7.
    SOLE DISPOSITIVE POWER
     
     
     
     
     
    0
     
     
     
     
    8.
    SHARED DISPOSITIVE POWER
     
     
     
     
     
    3,747,000
     
     
     
     
    9.
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
     
     
    3,747,000
     
     
     
     
    10.
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
     [_]
     
     
     
     
     
     
     
    11.
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
     
     
     
    4.8% (1)
     
     
     
     
    12.
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
    IA, PN
     

    (1) Based on 78,379,980  shares of Series 1 Common Stock of BigCommerce Holdings, Inc. (the “Issuer”) outstanding as of November 5, 2024, as disclosed in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission (“SEC”) on November 7, 2024.



    CUSIP No.
    08975P108
     
     
     
     
     
    1.
    NAME OF REPORTING PERSONS
     
     
     
     
     
    Cadian Capital Management GP, LLC
     
     
     
     
    2.
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
     
     (a)  [_]
     
     
     (b)  [_]
     
     
     
     
    3.
    SEC USE ONLY
     
     
     
     
     
     
     
     
     
     
    4.
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
     
     
     
    Delaware
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     
     
     
    5.
    SOLE VOTING POWER
     
     
     
     
     
    0
     
     
     
     
    6.
    SHARED VOTING POWER
     
     
     
     
     
    3,747,000
     
     
     
     
    7.
    SOLE DISPOSITIVE POWER
     
     
     
     
     
    0
     
     
     
     
    8.
    SHARED DISPOSITIVE POWER
     
     
     
     
     
    3,747,000
     
     
     
     
    9.
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
     
     
    3,747,000
     
     
     
     
    10.
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
     [_]
     
     
     
     
     
     
     
    11.
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
     
     
     
    4.8% (1)
     
     
     
     
    12.
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
    OO, HC
     
     
    (1) Based on 78,379,980  shares of Series 1 Common Stock of the Issuer outstanding as of November 5, 2024, as disclosed in the Issuer’s Form 10-Q filed with the SEC on November 7, 2024.



    CUSIP No.
    08975P108
     
     
     
     
     
    1.
    NAME OF REPORTING PERSONS
     
     
     
     
     
    Eric Bannasch
     
     
     
     
    2.
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
     
     (a)  [_]
     
     
     (b)  [_]
     
     
     
     
    3.
    SEC USE ONLY
     
     
     
     
     
     
     
     
     
     
    4.
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
     
     
     
    United States of America
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
     
     
     
    5.
    SOLE VOTING POWER
     
     
     
     
     
    0
     
     
     
     
    6.
    SHARED VOTING POWER
     
     
     
     
     
    3,747,000
     
     
     
     
    7.
    SOLE DISPOSITIVE POWER
     
     
     
     
     
    0
     
     
     
     
    8.
    SHARED DISPOSITIVE POWER
     
     
     
     
     
    3,747,000
     
     
     
     
    9.
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
     
     
    3,747,000
     
     
     
     
    10.
    CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
     
     [_]
     
     
     
     
     
     
     
    11.
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
     
     
     
     
     
    4.8% (1)
     
     
     
     
    12.
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
    IN, HC
     
     
    (1) Based on 78,379,980  shares of Series 1 Common Stock of the Issuer outstanding as of November 5, 2024, as disclosed in the Issuer’s Form 10-Q filed with the SEC on November 7, 2024.


    CUSIP No.
    08975P108
     
     

    Item 1.
    (a).
    Name of Issuer:
     
     
     
     
    BigCommerce Holdings, Inc. (the "Issuer")
     

     
    (b).
    Address of Issuer's Principal Executive Offices:
     
     
     
     
    11305 Four Points Drive
    Building II, Suite 100
    Austin, Texas 78726
     

    Item 2.
    (a).
    Name of Person Filing:
     
     
     
     
     
     
     
    Cadian Capital Management, LP
    Cadian Capital Management GP, LLC
    Eric Bannasch
     
    The filing persons named above are collectively referred to herein as the "Reporting Persons."
     

     
    (b).
    Address of Principal Business Office, or if None, Residence:
     
     
     
     
    Cadian Capital Management, LP
    535 Madison Avenue
    36th Floor
    New York, NY 10022
     
    Cadian Capital Management GP, LLC
    535 Madison Avenue
    36th Floor
    New York, NY 10022
     
    Eric Bannasch
    535 Madison Avenue
    36th Floor
    New York, NY 10022
     
     
     
     
     

     
    (c).
    Citizenship:
     
     
     
     
    Cadian Capital Management, LP – Delaware
    Cadian Capital Management GP, LLC – Delaware
    Eric Bannasch – United States of America
     

     
    (d).
    Title of Class of Securities:
     
     
     
     
     
     
     
    Series 1 Common Stock, par value $0.0001 per share ("Series 1 Common Stock")
     

     
    (e).
    CUSIP No.:
     
     
     
     
    08975P108
     



    Item 3.
     
    If This Statement is filed pursuant to Rule 13d-1(b) or Rule 13d-2(b) or (c), check whether the person filing is a:

     
    (a)
    [_]
    Broker or dealer registered under Section 15 of the Exchange Act (15 U.S.C. 78o).

     
    (b)
    [_]
    Bank as defined in Section 3(a)(6) of the Exchange Act (15 U.S.C. 78c).

     
    (c)
    [_]
    Insurance company as defined in Section 3(a)(19) of the Exchange Act (15 U.S.C. 78c).

     
    (d)
    [_]
    Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

     
    (e)
    [X]
    An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
     
     
    (f)
    [_]
    An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);

     
    (g)
    [X]
    A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);

     
    (h)
    [_]
    A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.1813);

     
    (i)
    [_]
    A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

     
    (j)
    [_]
    A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J);

     
    (k)
    [_]
    Group, in accordance with Rule 13d-1(b)(1)(ii)(K).

    If filing as a non-US institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution:  ______________.

     
    Item 4.
    Ownership.

     
    Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

     
    (a)
    Amount beneficially owned:
     
     
     
     
     
    Cadian Capital Management, LP – 3,747,000
    Cadian Capital Management GP, LLC – 3,747,000
    Eric Bannasch – 3,747,000

     
    (b)
    Percent of class:
     
     
     
     
     
    Cadian Capital Management, LP – 4.8%
    Cadian Capital Management GP, LLC – 4.8%
    Eric Bannasch – 4.8%
     
    Such percentages are based on 78,379,980 shares of Series 1 Common Stock outstanding as of November 5, 2024, as disclosed in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on November 7, 2024.



     
    (c)
    Number of shares as to which the person has:

     
     
    Cadian Capital Management, LP

     
     
    (i)
    Sole power to vote or to direct the vote
    0
    ,
     
     
     
     
     
     
     
    (ii)
    Shared power to vote or to direct the vote
    3,747,000
    ,
     
     
     
     
     
     
     
    (iii)
    Sole power to dispose or to direct the disposition of
    0
    ,
     
     
     
     
     
     
     
    (iv)
    Shared power to dispose or to direct the disposition of
    3,747,000
    .
     
     
     
     
     

     
     
    Cadian Capital Management GP, LLC

     
     
    (i)
    Sole power to vote or to direct the vote
    0
    ,
     
     
     
     
     
     
     
    (ii)
    Shared power to vote or to direct the vote
    3,747,000
    ,
     
     
     
     
     
     
     
    (iii)
    Sole power to dispose or to direct the disposition of
    0
    ,
     
     
     
     
     
     
     
    (iv)
    Shared power to dispose or to direct the disposition of
    3,747,000
    .
     
     
     
     
     

     
     
    Eric Bannasch
     
     
     
     
     
    (i)
    Sole power to vote or to direct the vote
    0
    ,
     
     
     
     
     
     
     
    (ii)
    Shared power to vote or to direct the vote
    3,747,000
    ,
     
     
     
     
     
     
     
    (iii)
    Sole power to dispose or to direct the disposition of
    0
    ,
     
     
     
     
     
     
     
    (iv)
    Shared power to dispose or to direct the disposition of
    3,747,000
    .

    All securities reported in this Schedule 13G are directly held by Cadian Master Fund L.P. and Cadian Opportunities Master Fund LP (collectively, the "Advisory Clients"), advisory clients of Cadian Capital Management, LP (the "Adviser").  Pursuant to Investment Management Agreements, as amended, between the Advisory Clients and the Adviser, the Adviser exercises exclusive voting and investment power over securities directly held by the Advisory Clients.  Cadian Capital Management GP, LLC is the general partner of the Adviser.  Eric Bannasch is the sole managing member of Cadian Capital Management GP, LLC.
     
    Item 5.
    Ownership of Five Percent or Less of a Class.

     
    If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [X].
     

    Item 6.
    Ownership of More Than Five Percent on Behalf of Another Person.

     
    If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than five percent of the class, such person should be identified.  A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
     
     
     
    All securities reported in this Schedule 13G are directly held by Advisory Clients.
     
     



    Item 7.
    Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

     
    If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary.  If a parent holding company or control person has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
     
     
    The disclosure regarding the relationships among the Reporting Persons in Item 4 is incorporated by reference herein.
     
     

    Item 8.
    Identification and Classification of Members of the Group.
     
     
    If a group has filed this schedule pursuant to Rule 13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group.  If a group has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identity of each member of the group.
     
     
     
    N/A
     
     

    Item 9.
    Notice of Dissolution of Group.

     
    Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity.  See Item 5.
     
     
    N/A

     
    Item 10.
     
    Certification.

     
    By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
     



    SIGNATURE

    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
     

     
    November 13, 2024
     
    (Date)

     
     
     
    Cadian Capital Management, LP
     
     
    By: Cadian Capital Management GP, LLC, its General Partner
     
     
    By:  /s/ Eric Bannasch
     
    Eric Bannasch
     
    Managing Member
     
     
    Cadian Capital Management GP, LLC 
     
     
    By:  /s/ Eric Bannasch
     
    Eric Bannasch
     
    Managing Member
     
     
     
    /s/  Eric Bannasch
     
    Eric Bannasch

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    Commerce's open, intelligent ecosystem connects the tools and systems that drive growth and empower businesses to unlock data potential and deliver seamless, personalized experiences at scale Commerce unveils unified AI vision to enable every merchant to thrive in the agentic commerce era AUSTIN, Texas, July 31, 2025 (GLOBE NEWSWIRE) -- BigCommerce Holdings, Inc. (NASDAQ:BIGC), a leading open SaaS ecommerce platform for B2C and B2B businesses, today announced the launch of its new parent brand, Commerce, and that it has officially changed its corporate name to Commerce.com, Inc. ("Commerce" or the "Company"), unifying BigCommerce, Feedonomics and Makeswift to power the next era of agen

    7/31/25 6:00:00 AM ET
    $BIGC
    Computer Software: Prepackaged Software
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    BigCommerce to Announce Second Quarter 2025 Financial Results on July 31, 2025

    AUSTIN, Texas, July 02, 2025 (GLOBE NEWSWIRE) -- BigCommerce Holdings, Inc. ("BigCommerce") (NASDAQ:BIGC), an open SaaS, composable ecommerce platform for fast-growing and established B2C and B2B brands and retailers, today announced it will report its financial results for the second quarter ended June 30, 2025, before market open on Thursday, July 31, 2025. The financial results and business highlights will be discussed on a conference call and webcast scheduled at 7:00 a.m. CT (8:00 a.m. ET) on Thursday, July 31, 2025. The conference call can be accessed by dialing (833) 634-1254 from the United States and Canada or (412) 317-6012 internationally and requesting to join the "BigCommerce

    7/2/25 4:30:00 PM ET
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    Computer Software: Prepackaged Software
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    $BIGC
    Large Ownership Changes

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    Amendment: SEC Form SC 13G/A filed by BigCommerce Holdings Inc.

    SC 13G/A - BigCommerce Holdings, Inc. (0001626450) (Subject)

    11/13/24 9:23:46 PM ET
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    Amendment: SEC Form SC 13G/A filed by BigCommerce Holdings Inc.

    SC 13G/A - BigCommerce Holdings, Inc. (0001626450) (Subject)

    11/13/24 7:24:10 PM ET
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    Computer Software: Prepackaged Software
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    Amendment: SEC Form SC 13G/A filed by BigCommerce Holdings Inc.

    SC 13G/A - BigCommerce Holdings, Inc. (0001626450) (Subject)

    11/6/24 4:34:38 PM ET
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    $BIGC
    Leadership Updates

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    BigCommerce Appoints Former Adobe Fellow and Vice President of Technology Anil Kamath to its Board of Directors

    AUSTIN, Texas, July 01, 2025 (GLOBE NEWSWIRE) -- BigCommerce (NASDAQ:BIGC), a leading open SaaS ecommerce platform for B2C and B2B businesses, announced today that former Adobe Fellow and Vice President of Technology Anil Kamath has joined the BigCommerce Board of Directors. "Joining the Board of BigCommerce is an exciting opportunity to support BigCommerce's innovation agenda through strategic guidance on data and AI," Kamath said. "I see immense potential to leverage predictive analytics, personalization and intelligent automation to drive transformative growth for merchants. Ecommerce is one of the most dynamic frontiers for applied AI, and I'm thrilled to contribute to a vision that e

    7/1/25 4:30:00 PM ET
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    Computer Software: Prepackaged Software
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    BigCommerce and Feedonomics Announce Winners of APAC Region Customer and Partner Awards to Honor Exceptional Contributions and Results in Ecommerce

    AUSTIN, Texas, April 29, 2025 (GLOBE NEWSWIRE) -- BigCommerce (NASDAQ:BIGC), a leading provider of open, composable commerce solutions for B2C and B2B brands, retailers, manufacturers and distributors, today announced the winners of the 2025 BigCommerce and Feedonomics Customer and Partner Awards. The awards programs recognize the most innovative and inspiring customers and partners doing big things on the BigCommerce and Feedonomics platforms. "We're proud to recognise the outstanding achievements of our BigCommerce and Feedonomics customers and partners across the APAC region, who continue to drive innovation, embrace cutting-edge strategies and deliver exceptional results," said Shanno

    4/29/25 8:00:00 AM ET
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    Computer Software: Prepackaged Software
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    BigCommerce and Feedonomics Announce Winners of Americas Region Customer and Partner Awards to Honor Exceptional Contributions and Results in Ecommerce

    AUSTIN, Texas, April 21, 2025 (GLOBE NEWSWIRE) -- BigCommerce (NASDAQ:BIGC), a leading provider of open, composable commerce solutions for B2C and B2B brands and retailers, today announced the winners of the 2025 BigCommerce and Feedonomics Customer and Partner Awards in the Americas region. The awards programs recognize the most innovative and inspiring customers and partners doing big things on the BigCommerce and Feedonomics platforms. "These awards recognize the outstanding achievements of BigCommerce customers and partners across the Americas," said John Huntington, senior vice president of global partnerships at BigCommerce. "Our partners continue to prioritize innovation and custom

    4/21/25 8:00:00 AM ET
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    Computer Software: Prepackaged Software
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