Karen Alexander - 18 Mar 2024 Form 4/A Insider Report for Bakkt Holdings, Inc. (BKKT)

Role: Chief Financial Officer
Signature: /s/ Marc D'Annunzio Attorney-in-Fact for Karen Alexander
Issuer symbol: BKKT
Transactions as of: 18 Mar 2024
Net transactions value: -$2,678
Form type: 4/A
Filing time: 09 Apr 2024, 19:41:37 UTC
Date Of Original Report: 20 Mar 2024
Previous filing: 26 Feb 2024
Next filing: 03 Jun 2024
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	Award	$0	+14,645	+4.2%	$0.000000	361,018	18 Mar 2024	Direct	F1, F2
transaction	BKKT	Class A Common Stock	Award	$0	+29,297	+8.1%	$0.000000	390,385	18 Mar 2024	Direct	F3, F4
transaction	BKKT	Class A Common Stock	Award	$0	+563,816	+144%	$0.000000	954,201	18 Mar 2024	Direct	F5, F6
transaction	BKKT	Class A Common Stock	Award	$0	+10,166	+1.1%	$0.000000	964,367	18 Mar 2024	Direct	F7, F8
transaction	BKKT	Class A Common Stock	Tax liability	$2,678	-5,194	-0.54%	$0.5156	959,173	05 Apr 2024	Direct	F8, F9

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

Explanation of Responses:

Id	Content
F1	Represents the issuance of shares of Class A common stock resulting from vesting of performance stock units ("PSUs") granted on February 13, 2023 and the attainment of performance goals.
F2	Includes 224,118 shares of Class A Common Stock subject to restricted stock units ("RSUs") awards that remain subject to vesting.
F3	These securities are PSUs resulting from attainment of performance goals. Each PSU represents a contingent right to receive one share of the issuer's Class A Common Stock. The PSUs shall vest in two equal annual installments on each anniversary of February 23, 2023, provided that the reporting person continues to be employed by the issuer as of each vesting date.
F4	Includes 253,415 shares of Class A Common Stock subject to RSU and PSU awards that remain subject to vesting.
F5	These securities are RSUs. Each RSU represents a contingent right to receive one share of the issuer's Class A Common Stock. The RSUs shall vest in two equal annual installments on the first two anniversaries of March 18, 2024, provided that the reporting person continues to be employed by the issuer as of each vesting date.
F6	Includes 817,231 shares of Class A Common Stock subject to RSU and PSU awards that remain subject to vesting.
F7	These securities are PSUs resulting from attainment of performance goals. Each PSU represents a contingent right to receive one share of the issuer's Class A Common Stock. The PSUs shall vest on August 26, 2024, provided that the reporting person continues to be employed by the issuer as of such vesting date.
F8	Includes 827,397 shares of Class A Common Stock subject to RSU and PSU awards that remain subject to vesting.
F9	In connection with the vesting of PSUs on March 18, 2024, the issuer withheld Class A Common Stock that would otherwise have been issued to the reporting person to satisfy such person's tax withholding obligations. The number of shares withheld was determined based on the closing price per share of Class A Common Stock on March 18, 2024.