D'Annunzio Marc 4
4 · Bakkt Holdings, Inc. · Filed May 15, 2025
Insider Transaction Report
Form 4
D'Annunzio Marc
General Counsel and Secretary
Transactions
- Sale
Class A Common Stock
2025-05-14$14.21/sh−10,000$142,082→ 69,807 total
Holdings
- 48,188
Bakkt Opco Units
→ Class A Common Stock (48,188 underlying)
Footnotes (4)
- [F1]Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $13.34 to $14.50, 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.
- [F2]Includes 51,976 shares of Class A Common Stock subject to restricted stock units and performance stock units that remain subject to vesting.
- [F3]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.
- [F4]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.