4//SEC Filing
D'Annunzio Marc 4
Accession 0001871559-25-000003
CIK 0001820302other
Filed
Feb 20, 7:00 PM ET
Accepted
Feb 21, 5:36 PM ET
Size
9.5 KB
Accession
0001871559-25-000003
Insider Transaction Report
Form 4
D'Annunzio Marc
General Counsel & Secretary
Transactions
- Tax Payment
Class A Common Stock
2025-02-19$14.84/sh−852$12,644→ 49,098 total - Tax Payment
Class A Common Stock
2025-02-19$14.84/sh−174$2,582→ 49,950 total
Holdings
- 48,188
Bakkt Opco Units
→ Class A Common Stock (48,188 underlying)
Footnotes (6)
- [F1]In connection with the vesting of performance stock units ("PSUs") on February 13, 2025, 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 February 13, 2025.
- [F2]Includes 32,398 shares of Class A Common Stock subject to restricted stock units ("RSUs") and PSUs that remain subject to vesting.
- [F3]In connection with the vesting of RSUs on February 13, 2025, 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 February 13, 2025.
- [F4]Includes 29,537 shares of Class A Common Stock subject to RSUs and PSUs that remain subject to vesting.
- [F5]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.
- [F6]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
- Feb 20, 7:00 PM ET
- Accepted
- Feb 21, 5:36 PM ET
- Size
- 9.5 KB