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Filing Details

Accession Number:: 0001871559-23-000001
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-02-14 17:13:09
Reporting Period:: 2023-02-10

Accepted Time:: 2023-02-14 17:13:09
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1820302	Bakkt Holdings Inc.	BKKT	Finance Services (6199)	981550750

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1871559	Marc D'annunzio	C/O Bakkt Holdings, Inc. 10000 Avalon Boulevard, Suite 1000 Alpharetta GA 30009	General Counsel & Secretary	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Disposition	2023-02-10	8,652	$1.64	462,839	No	4	F	Direct
Class A Common Stock	Disposition	2023-02-13	20,511	$1.48	442,328	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	F	Direct
No	4	S	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Class A Common Stock	Bakkt Opco Units	$0.00			1,304,712	1,304,712	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	1,304,712	1,304,712	Direct

Footnotes

In connection with the vesting of restricted stock units on February 1, 2023, 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 1, 2023.
Includes 442,328 shares of Class A Common Stock subject to restricted stock units that remain subject to vesting.
The sales were effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 12/05/2022.
Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $1.45 to $1.5050, 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.
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.
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.