4/A//SEC Filing
D'Annunzio Marc 4/A
Accession 0001871559-24-000005
CIK 0001820302other
Filed
Apr 8, 8:00 PM ET
Accepted
Apr 9, 8:42 PM ET
Size
17.1 KB
Accession
0001871559-24-000005
Insider Transaction Report
Form 4/AAmended
D'Annunzio Marc
General Counsel & Secretary
Transactions
- Award
Class A Common Stock
2024-03-18+14,645→ 610,503 total - Award
Class A Common Stock
2024-03-18+8,894→ 595,858 total - Award
Class A Common Stock
2024-03-18+29,297→ 639,800 total - Award
Class A Common Stock
2024-03-18+20,334→ 586,964 total - Award
Class A Common Stock
2024-03-18+563,816→ 1,203,616 total - Tax Payment
Class A Common Stock
2024-04-05$0.52/sh−13,095$6,752→ 1,190,521 total
Holdings
- 1,204,712
Bakkt Opco Units
→ Class A Common Stock (1,204,712 underlying)
Footnotes (11)
- [F1]Represents the issuance of shares of Class A common stock resulting from vesting of one-third of performance stock units ("PSUs") granted on 01/21/2022 and the attainment of performance goals.
- [F10]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.
- [F11]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.
- [F2]Includes 216,630 shares of Class A Common Stock subject to restricted stock units that remain subject to vesting.
- [F3]Represents the issuance of shares of Class A common stock resulting from vesting of one-third of PSUs granted on 02/01/2022 and the attainment of performance goals.
- [F4]Represents the issuance of shares of Class A common stock resulting from vesting of PSUs granted on February 13, 2023 and the attainment of performance goals.
- [F5]These securities are PSUs resulting from attainment of performance goals. Each PSU represents a contingent right to receive one share of the issuer's Class A Common Stock. The PSUs shall vest in two equal annual installments on each anniversary of February 23, 2023, provided that the reporting person continues to be employed by the issuer as of each vesting date.
- [F6]Includes 245,927 shares of Class A Common Stock subject to RSUs and PSUs that remain subject to vesting.
- [F7]These securities are restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the issuer's Class A Common Stock. The RSUs shall vest in two equal annual installments on the first two anniversaries of March 18, 2024, provided that the reporting person continues to be employed by the issuer as of each vesting date.
- [F8]Includes 809,743 shares of Class A Common Stock subject to RSUs and PSUs that remain subject to vesting.
- [F9]In connection with the vesting of PSUs on March 18, 2024, 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 March 18, 2024.
Documents
Issuer
Bakkt Holdings, Inc.
CIK 0001820302
Entity typeother
Related Parties
1- filerCIK 0001871559
Filing Metadata
- Form type
- 4/A
- Filed
- Apr 8, 8:00 PM ET
- Accepted
- Apr 9, 8:42 PM ET
- Size
- 17.1 KB