Mark S. Elliot - Feb 10, 2023 Form 4 Insider Report for Bakkt Holdings, Inc. (BKKT)

Role
Chief Sales & Mktg Officer
Signature
/s/ Marc D'Annunzio Attorney-in-Fact for Mark S. Elliot
Stock symbol
BKKT
Transactions as of
Feb 10, 2023
Transactions value $
-$25,566
Form type
4
Date filed
2/14/2023, 08:01 PM
Previous filing
Feb 7, 2023
Next filing
Feb 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BKKT Class A Common Stock Tax liability -$19.1K -11.6K -4.24% $1.64 263K Feb 10, 2023 Direct F1, F2
transaction BKKT Class A Common Stock Sale -$6.49K -4.38K -1.67% $1.48 258K Feb 13, 2023 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In connection with the vesting of restricted stock units on February 1, 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 February 1, 2023.
F2 Includes 192,328 shares of Class A Common Stock subject to restricted stock units that remain subject to vesting.
F3 The sales were effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 03/11/2022.
F4 Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $1.45 to $1.50, 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.