Intercontinental Exchange Holdings, Inc. 4
4 · Bakkt Holdings, Inc. · Filed Dec 5, 2025
Insider Transaction Report
Form 4
Intercontinental Exchange, Inc.
10% Owner
Transactions
- Conversion
Class A Common Stock
2025-12-03+465,890→ 7,919,002 total(indirect: See footnote) - Conversion
Preferred Stock
2025-12-03−465,890→ 0 total(indirect: See footnote)→ Class A Common Stock (465,890 underlying)
Holdings
- 230,680(indirect: See footnote)
Class 1 Warrants (right to buy)
Exercise: $25.50From: 2025-11-03Exp: 2029-09-04→ Class A Common Stock (230,680 underlying) - 230,680(indirect: See footnote)
Class 2 Warrants (right to buy)
Exercise: $25.50From: 2025-11-03Exp: 2029-09-04→ Class A Common Stock (230,680 underlying)
Footnotes (2)
- [F1]In connection with the Issuer's November 3, 2025 reorganization, pursuant to the TRA Amendment and the Contribution Agreement, as amended (both as defined in the Form 8K12B filed by the Issuer on November 3, 2025), ICEH contributed its rights under the TRA (as defined in such Form 8K12B) to the Issuer in exchange for a cash payment from the Issuer equal to the amount which ICEH was otherwise entitled under the TRA and ICEH further contributed such cash to the Issuer in exchange for 465,890 shares of the Issuer's Series A Non-Voting Convertible Preferred Stock (the "Preferred Stock"). These shares of Preferred Stock automatically converted into shares of the Issuer's Class A Common Stock upon the early termination of the waiting period applicable to such conversion under the Hart-Scott-Rodin Antitrust Improvements Act of 1976, granted by the Federal Trade Commission on December 3, 2025.
- [F2]Intercontinental Exchange Holdings, Inc. ("ICEH") is the direct holder of the securities reflected in this Form 4. ICEH is a wholly owned subsidiary of Intercontinental Exchange, Inc.