Commerce.com, Inc. 10-Q

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds (a) Recent Sales of Unregistered Equity Securities During the quarter ended March 31, 2021, we issued an aggregate of 756,000 shares of our common stock upon the exercise of stock options under our 2020 Plan at exercise prices ranging from $0.39 to $17.34 per share, for aggregate proceeds of $1,790,000. During the quarter ended March 31, 2021, we granted an aggregate of 461,000 restricted stock units to officers and employees under our 2020 plan, for aggregate proceeds of $0. The issuances of the securities described above were deemed to be exempt from registration under the Securities Act, in reliance on Section 4(a)(2) of the Securities Act as transactions by an issuer not involving a public offering, Regulation S of the Securities Act or Rule 701 promulgated under Section 3(b) of the Securities Act as transactions pursuant to compensation benefits plans and contracts relating to compensation. (b) Use of Proceeds None. (c) Repurchases (in thousands) Total number of shares purchased Average price paid per share Total number of shares purchased as part of publicly announced plans or programs Approximate dollar value of shares that may be purchased under the plans or program January 2021 — $ - — — February 2021 2 $ 3.61 — — March 2021 — $ - — — Total 2 $ 3.61 $ — $ — Item 3. Defaults Upon Senior Securities None. Item 4. Mine Safety Disclosures Not applicable.