4//SEC Filing
D'Annunzio Marc 4
Accession 0001871559-24-000006
CIK 0001820302other
Filed
Apr 23, 8:00 PM ET
Accepted
Apr 24, 6:43 PM ET
Size
7.6 KB
Accession
0001871559-24-000006
Insider Transaction Report
Form 4
D'Annunzio Marc
General Counsel & Secretary
Transactions
- Sale
Class A Common Stock
2024-04-22$0.40/sh+20,504$8,175→ 606,201 total
Holdings
- 1,204,712
Bakkt Opco Units
→ Class A Common Stock (1,204,712 underlying)
Footnotes (5)
- [F1]The sales were effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 05/22/2023.
- [F2]Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $0.3909 to $0.4050, 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.
- [F3]Includes 341,760 shares of Class A Common Stock subject to restricted stock units and performance stock units that remain subject to vesting.
- [F4]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.
- [F5]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.
Documents
Issuer
Bakkt Holdings, Inc.
CIK 0001820302
Entity typeother
Related Parties
1- filerCIK 0001871559
Filing Metadata
- Form type
- 4
- Filed
- Apr 23, 8:00 PM ET
- Accepted
- Apr 24, 6:43 PM ET
- Size
- 7.6 KB