Kai Schmitz - Oct 15, 2021 Form 4 Insider Report for Bakkt Holdings, Inc. (BKKT)

Role
Director
Signature
/s/ Brian Munsie, Attorney-in-Fact for Kai Schmitz
Stock symbol
BKKT
Transactions as of
Oct 15, 2021
Transactions value $
$0
Form type
4
Date filed
10/15/2021, 07:17 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BKKT Class A common stock, par value $0.001 per share Options Exercise +20K 20K Oct 15, 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BKKT Class B ordinary shares, par value $0.0001 Options Exercise $0 -20K -100% $0.00* 0 Oct 15, 2021 Class A ordinary shares 20K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Kai Schmitz is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 In connection with the closing (the "Closing") of the business combination (the "Business Combination") between the Issuer (which was formerly known as VPC Impact Acquisition Holdings or "VIH") and Bakkt Holdings, LLC ("Bakkt"), among other things, (i) each of the then issued and outstanding Class B ordinary shares of VIH converted into Class A ordinary shares of VIH on a one-for-one basis as described under the heading "Description of Securities" in the Issuer's Registration Statement on Form S-1 (File No. 333-248619), (ii) VIH migrated to and domesticated as a Delaware corporation in accordance with Section 388 of the Delaware General Corporation Law, as amended, and the Cayman Islands Companies Act (As Revised) (the "Domestication") and (iii) each of the issued and outstanding Class A ordinary shares of VIH converted into shares of the Issuer's (after the Domestication) Class A common stock.