4//SEC Filing
Intercontinental Exchange Holdings, Inc. 4
Accession 0000947871-24-000421
CIK 0001820302operating
Filed
Apr 28, 8:00 PM ET
Accepted
Apr 29, 9:11 PM ET
Size
14.0 KB
Accession
0000947871-24-000421
Insider Transaction Report
Form 4
Transactions
- Purchase
Class 1 Warrants (right to buy)
2024-04-25$0.87/sh+175,440$152,106→ 230,680 total(indirect: See footnote)Exercise: $25.50Exp: 2029-09-04→ Class A Common Stock (175,440 underlying) - Purchase
Class 2 Warrants (right to buy)
2024-04-25$0.87/sh+175,440$152,106→ 230,680 total(indirect: See footnote)Exercise: $25.50Exp: 2029-09-04→ Class A Common Stock (175,440 underlying) - Purchase
Class A Common Stock
2024-04-25$0.87/sh+350,880$304,213→ 649,934 total(indirect: See footnote)
Intercontinental Exchange, Inc.
10% Owner
Transactions
- Purchase
Class A Common Stock
2024-04-25$0.87/sh+350,880$304,213→ 649,934 total(indirect: See footnote) - Purchase
Class 2 Warrants (right to buy)
2024-04-25$0.87/sh+175,440$152,106→ 230,680 total(indirect: See footnote)Exercise: $25.50Exp: 2029-09-04→ Class A Common Stock (175,440 underlying) - Purchase
Class 1 Warrants (right to buy)
2024-04-25$0.87/sh+175,440$152,106→ 230,680 total(indirect: See footnote)Exercise: $25.50Exp: 2029-09-04→ Class A Common Stock (175,440 underlying)
Footnotes (3)
- [F1]Acquired in a registered direct offering pursuant to the terms of the Securities Purchase Agreement (the "Purchase Agreement"), dated as of February 29, 2024, between the Issuer and Intercontinental Exchange Holdings, Inc. ("ICEH"). Under the Purchase Agreement, the purchase by ICEH of 350,880 shares of Class A Common Stock, Class 1 Warrants to purchase up to 175,440 shares of Class A Common Stock, and Class 2 Warrants to purchase up to 175,440 shares of Class A Common Stock, closed on April 25, 2024. All amounts of securities reflected in this Form 4 reflect the 1-for-25 reverse stock split effected by the Issuer in April 2024 (the "April 2024 Reverse Stock Split").
- [F2]The Class 1 Warrants and Class 2 Warrants will generally be exercisable beginning September 4, 2024. The Class 1 Warrants and Class 2 Warrants have identical terms, except that the Class 2 Warrants also contain an alternative cashless exercise provision that will allow the holder of a Class 2 Warrant to exercise on a cashless basis and receive a number of shares of Class A Common Stock equal to 50% of the shares of Class A Common Stock then underlying the Class 2 Warrant if the closing trading price of shares of Class A Common Stock is lower than the exercise price of the Class 2 Warrants for three consecutive trading days. The exercise price of the previously reported Class 1 Warrants and Class 2 Warrants was increased to $25.50 per share as a result of the April 2024 Reverse Stock Split.
- [F3]ICEH is the direct holder of the securities reflected in this Form 4. ICEH is a wholly owned subsidiary of Intercontinental Exchange, Inc.
Documents
Issuer
Bakkt Holdings, Inc.
CIK 0001820302
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001174746
Filing Metadata
- Form type
- 4
- Filed
- Apr 28, 8:00 PM ET
- Accepted
- Apr 29, 9:11 PM ET
- Size
- 14.0 KB