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

Role: CEO and President, Director
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.

Content

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.

Includes 2,446,547 shares of Class A Common Stock subject to restricted stock units that remain subject to vesting.