D'Annunzio Marc 4
4 · Bakkt Holdings, Inc. · Filed Jul 16, 2025
Insider Transaction Report
Form 4
D'Annunzio Marc
General Counsel and Secretary
Transactions
- Sale
Class A Common Stock
2025-07-15$18.21/sh−559$10,179→ 69,248 total
Holdings
- 48,188
Bakkt Opco Units
→ Class A Common Stock (48,188 underlying)
Footnotes (4)
- [F1]Represents sale to cover tax obligations associated with the vesting of performance stock units ("PSUs").
- [F2]Includes 50,229 shares of Class A Common Stock subject to restricted stock units and PSU awards 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.