Gavin Constantine Michael - Apr 15, 2022 Form 4 Insider Report for Bakkt Holdings, Inc. (BKKT)

Signature
/s/ Marc D'Annunzio Attorney-in-Fact for Gavin Constantine Michael
Stock symbol
BKKT
Transactions as of
Apr 15, 2022
Transactions value $
-$1,642,551
Form type
4
Date filed
4/19/2022, 06:24 PM
Previous filing
Feb 17, 2022
Next filing
Feb 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BKKT Class A Common Stock Tax liability -$1.64M -354K -11.27% $4.64 2.79M Apr 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 In connection with the vesting and settlement of restricted stock units through the issuance of Class A Common Stock of the Issuer pursuant to the Bakkt Holdings, Inc. 2021 Omnibus Employee Incentive Plan, the Issuer withheld Class A Common Stock that would otherwise have been issued to the Reporting Person to satisfy his tax withholding obligations. The number of shares withheld was determined based on the closing price per share of Class A Common Stock on April 18, 2022.
F2 Includes 2,446,547 shares of Class A Common Stock subject to restricted stock units that remain subject to vesting.