Filing Details

Accession Number:
0001871559-23-000006
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-05-01 21:23:21
Reporting Period:
2023-04-28
Accepted Time:
2023-05-01 21:23:21
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1820302 Bakkt Holdings Inc. BKKT Finance Services (6199) 981550750
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1871559 Marc D'annunzio C/O Bakkt Holdings, Inc.
10000 Avalon Boulevard, Suite 1000
Alpharetta GA 30009
General Counsel & Secretary No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Disposition 2023-04-28 50,237 $1.37 754,956 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Class A Common Stock Bakkt Opco Units $0.00 1,204,712 1,204,712 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
1,204,712 1,204,712 Direct
Footnotes
  1. The sales were effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 12/05/2022.
  2. Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $1.35 to $1.40, 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.
  3. Includes 383,320 shares of Class A Common Stock subject to restricted stock units ("RSUs") awards that remain subject to vesting. Each RSU represents a contingent right to receive one share of the issuer's Class A Common Stock.
  4. 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.
  5. 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.