Marc D'Annunzio - Apr 17, 2023 Form 4/A - Amendment Insider Report for Bakkt Holdings, Inc. (BKKT)

Role
General Counsel & Secretary
Signature
/s/ Marc D'Annunzio
Stock symbol
BKKT
Transactions as of
Apr 17, 2023
Transactions value $
-$31,805
Form type
4/A - Amendment
Date filed
5/2/2023, 06:19 PM
Date Of Original Report
Apr 19, 2023
Previous filing
Mar 2, 2023
Next filing
May 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BKKT Class A Common Stock Award $0 +50K +6.82% $0.00 783K Apr 17, 2023 Direct F1, F2
transaction BKKT Class A Common Stock Award $0 +21.9K +2.79% $0.00 805K Apr 17, 2023 Direct F2, F3
transaction BKKT Class A Common Stock Tax liability -$22.1K -15.1K -1.87% $1.47 790K Apr 17, 2023 Direct F2, F4
transaction BKKT Class A Common Stock Tax liability -$9.68K -6.59K -0.83% $1.47 784K Apr 17, 2023 Direct F2, F4

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
holding BKKT Bakkt Opco Units 1.2M Apr 17, 2023 Class A Common Stock 1.2M 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 383,320 shares of Class A Common Stock subject to restricted stock units awards that remain subject to vesting. Each RSU represents a contingent right to receive one share of the issuer's Class A Common Stock.
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 In connection with the vesting of PSUs on April 17, 2023, 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 April 17, 2023.
F5 Represents incentive units of Bakkt Management LLC, which units are, subject to certain limitations, redeemable at the request of the reporting person in exchange for the indicated number of common units of Bakkt Opco Holdings, LLC "(Bakkt Opco Units") and an equal number of shares of the issuer's Class V Common Stock.
F6 Pursuant to the terms of an Amended and Restated Exchange Agreement dated as of May 3, 2022, subject to certain conditions, Bakkt Opco Units together with an equal number of shares of the issuer's Class V Common Stock, are exchangeable by the Reporting Person for shares of the issuer's Class A Common Stock on a one-for-one basis.