Sean Roberts Collins - 16 Nov 2023 Form 4 Insider Report for Bakkt Holdings, Inc. (BKKT)

Role
Director
Signature
/s/Marc D'Annunzio Attorney-in-Fact for Sean Roberts Collins
Issuer symbol
BKKT
Transactions as of
16 Nov 2023
Net transactions value
$0
Form type
4
Filing time
17 Nov 2023, 16:28:59 UTC
Previous filing
08 Jun 2023
Next filing
11 Dec 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BKKT Class A Common Stock Conversion of derivative security $0 +2,751,943 $0.000000 2,751,943 16 Nov 2023 See Footnotes F1, F2
transaction BKKT Class A Common Stock Conversion of derivative security $0 +156,167 $0.000000 156,167 16 Nov 2023 See Footnotes F2, F3
holding BKKT Class A Common Stock 457,646 16 Nov 2023 Direct F4
holding BKKT Class A Common Stock 582,323 16 Nov 2023 See Footnotes F2, F5

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 Bakkt Opco Units Conversion of derivative security $0 -2,751,943 -100% $0.000000* 0 16 Nov 2023 Class A Common Stock 2,751,943 See Footnotes F1, F2, F6
transaction BKKT Bakkt Opco Units Conversion of derivative security $0 -156,167 -100% $0.000000* 0 16 Nov 2023 Class A Common Stock 156,167 See Footnotes F2, F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents securities held directly by Goldfinch Co-Invest I LP.
F2 The general partner of each of Goldfinch Co-Invest I LP, Goldfinch Co-Invest IB LP and Goldfinch Co-Invest IC LP is Goldfinch Co-Invest I GP LLC. The Reporting Person is a Managing Partner of Goldfinch Co-Invest I GP LLC. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest therein.
F3 Represents securities held directly by Goldfinch Co-Invest IB LP.
F4 Includes 275,000 shares of Class A Common Stock subject to restricted stock units that remain subject to vesting.
F5 Represents securities held directly by Goldfinch Co-Invest IC LP.
F6 Common units of Bakkt Opco Holdings, LLC ("Bakkt Opco Units") and an equal number of shares of the Issuer's Class V Common Stock are, subject to certain limitations, exchangeable from time to time at the holder's option into shares of the Issuer's Class A Common Stock on a one-for-one basis (or, at the Issuer's option, for cash).