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

Role
General Counsel & Secretary
Signature
/s/ Marc D'Annunzio
Issuer symbol
BKKT
Transactions as of
17 Apr 2023
Net transactions value
-$31,805
Form type
4/A - Amendment
Filing time
02 May 2023, 18:19:12 UTC
Date Of Original Report
19 Apr 2023
Previous filing
02 Mar 2023
Next filing
02 May 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 Award $0 +50,000 +6.8% $0.000000 783,320 17 Apr 2023 Direct F1, F2
transaction BKKT Class A Common Stock Award $0 +21,873 +2.8% $0.000000 805,193 17 Apr 2023 Direct F2, F3
transaction BKKT Class A Common Stock Tax liability $22,125 -15,051 -1.9% $1.47 790,142 17 Apr 2023 Direct F2, F4
transaction BKKT Class A Common Stock Tax liability $9,680 -6,585 -0.83% $1.47 783,557 17 Apr 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 1,204,712 17 Apr 2023 Class A Common Stock 1,204,712 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.