Marc D'Annunzio - 14 May 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
14 May 2025
Net transactions value
-$142,082
Form type
4
Filing time
15 May 2025, 20:06:46 UTC
Previous filing
30 Apr 2025
Next filing
16 Jul 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
D'Annunzio Marc General Counsel & Secretary C/O BAKKT HOLDINGS, INC., 10000 AVALON BOULEVARD, SUITE 1000, ALPHARETTA /s/ Marc D'Annunzio 15 May 2025 0001871559

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BKKT Class A Common Stock Sale $142,082 -10,000 -13% $14.21 69,807 14 May 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 14 May 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 Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $13.34 to $14.50, inclusive. For all transactions reported in this Form 4 utilizing a weighted-average price, the reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
F2 Includes 51,976 shares of Class A Common Stock subject to restricted stock units and performance stock units 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.