Gavin Constantine Michael - Mar 18, 2024 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
Mar 18, 2024
Transactions value $
$0
Form type
4
Date filed
3/20/2024, 09:35 PM
Previous filing
Feb 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BKKT Class A Common Stock Award $0 +212K +9.32% $0.00 2.48M Mar 18, 2024 Direct F1, F2
transaction BKKT Class A Common Stock Award $0 +37.1K +1.49% $0.00 2.52M Mar 18, 2024 Direct F2, F3
transaction BKKT Class A Common Stock Award $0 +366K +14.53% $0.00 2.89M Mar 18, 2024 Direct F2, F4
transaction BKKT Class A Common Stock Award $0 +1.33M +46.17% $0.00 4.22M Mar 18, 2024 Direct F5, F6
* 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 one-third of performance stock units ("PSUs") granted on 01/21/2022 and the attainment of performance goals.
F2 Includes 1,131,800 shares of Class A Common Stock subject to restricted stock units ("RSUs") awards that remain subject to vesting.
F3 Represents the issuance of shares of Class A common stock resulting from vesting of one-third of PSUs granted on 02/01/2022 and the attainment of performance goals.
F4 Represents the issuance of shares of Class A common stock resulting from vesting of PSUs granted on 02/13/2023 and the attainment of performance goals.
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 2,464,256 shares of Class A Common Stock subject to RSUs awards that remain subject to vesting.