Marc D'Annunzio - Mar 18, 2024 Form 4/A Insider Report for Bakkt Holdings, Inc. (BKKT)

Signature
/s/ Marc D'Annunzio
Stock symbol
BKKT
Transactions as of
Mar 18, 2024
Transactions value $
-$6,752
Form type
4/A
Date filed
4/9/2024, 08:42 PM
Date Of Original Report
Mar 20, 2024
Previous filing
Feb 26, 2024
Next filing
Apr 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BKKT Class A Common Stock Award $0 +20.3K +3.59% $0.00 587K Mar 18, 2024 Direct F1, F2
transaction BKKT Class A Common Stock Award $0 +8.89K +1.52% $0.00 596K Mar 18, 2024 Direct F2, F3
transaction BKKT Class A Common Stock Award $0 +14.6K +2.46% $0.00 611K Mar 18, 2024 Direct F2, F4
transaction BKKT Class A Common Stock Award $0 +29.3K +4.8% $0.00 640K Mar 18, 2024 Direct F5, F6
transaction BKKT Class A Common Stock Award $0 +564K +88.12% $0.00 1.2M Mar 18, 2024 Direct F7, F8
transaction BKKT Class A Common Stock Tax liability -$6.75K -13.1K -1.09% $0.52 1.19M Apr 5, 2024 Direct F8, F9

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 Mar 18, 2024 Class A Common Stock 1.2M Direct F10, F11
* 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 216,630 shares of Class A Common Stock subject to restricted stock units 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 February 13, 2023 and the attainment of performance goals.
F5 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.
F6 Includes 245,927 shares of Class A Common Stock subject to RSUs and PSUs that remain subject to vesting.
F7 These securities are restricted stock units ("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.
F8 Includes 809,743 shares of Class A Common Stock subject to RSUs and PSUs 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.
F10 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.
F11 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.