Sheela Zemlin - Feb 15, 2022 Form 4 Insider Report for Bakkt Holdings, Inc. (BKKT)

Role: EVP, Chief Revenue Officer
Signature: /s/ Marc D'Annunzio Attorney-in-Fact for Sheela Zemlin
Stock symbol: BKKT
Transactions as of: Feb 15, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/17/2022, 06:16 PM
Previous filing: Jan 25, 2022
Next filing: Apr 19, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BKKT	Class A Common Stock	Award	$0	+87.5K	+32.81%	$0.00	354K	Feb 15, 2022	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These securities are Restricted Stock Units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. Subject to the Reporting Person's continuing employment with the Issuer, the RSU will vest in three equal annual installments on the first three anniversaries of February 1, 2022, provided that the Reporting Person continues to be employed by the Issuer as of each vest date.
F2	Includes 354,158 shares of Class A Common Stock subject to RSUs that remain subject to vesting.

Content

These securities are Restricted Stock Units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. Subject to the Reporting Person's continuing employment with the Issuer, the RSU will vest in three equal annual installments on the first three anniversaries of February 1, 2022, provided that the Reporting Person continues to be employed by the Issuer as of each vest date.

Includes 354,158 shares of Class A Common Stock subject to RSUs that remain subject to vesting.