Marc D'Annunzio - 11 Apr 2025 Form 4 Insider Report for Bakkt Holdings, Inc. (BKKT)

Role
General Counsel & Secretary
Signature
/s/ Marc D'Annunzio
Issuer symbol
BKKT
Transactions as of
11 Apr 2025
Net transactions value
$0
Form type
4
Filing time
15 Apr 2025, 20:08:52 UTC
Previous filing
21 Feb 2025
Next filing
30 Apr 2025
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 +34,211 +70% $0.000000 83,308 11 Apr 2025 Direct F1, F2

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 48,188 11 Apr 2025 Class A Common Stock 48,188 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Class A Common Stock of the issuer. 50% of the RSUs shall vest on the one year anniversary of the grant date, 12.5% shall vest on the fifteen (15) month anniversary of the grant date, 12.5% shall vest on the eighteen (18) month anniversary of the grant date, 12.5% shall vest on the twenty one (21) month anniversary of the grant date, and 12.5% shall vest on the twenty four (24) month anniversary of the grant date, provided that the reporting person continues to provide services to the issuer through each such date.
F2 Includes 63,747 shares of Class A Common Stock subject to RSUs and PSUs that remain subject to vesting.
F3 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.
F4 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.