Form 4 for BKKT Bakkt, Inc.
Accepted 2024-03-04 00:00:00 ET · period of report 2024-03-04 · accession 0000947871-24-000254 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2024-03-04 | 2024-03-04 | BKKT | Intercontinental Exchange, Inc. | 10% | P - Purchase | $0.87 | +2.76M | 7.48M | +59% | +$2.40M |
| DMI | 2024-03-04 | 2024-03-04 | BKKT | Intercontinental Exchange, Inc. | 10% | P - Purchase | $0.87 | +2.76M | 1.38M | New | +$2.40M |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2024-03-04 | P | A | 2,762,009 | $0.87 | 7,476,345 | I See footnote | — | — | (F3) ICEH is the direct holder of the securities reflected in this Form 4. ICEH is a wholly owned subsidiary of Intercontinental Exchange, Inc. |
| 2 | Derivative | Class 1 Warrants (right to buy) | 2024-03-04 | P | A | 1,381,004 | $0.87 | 1,381,004 | I See footnote | $1.02 · — to 2029-09-04 | 1,381,004 Class A Common Stock | (F3) ICEH is the direct holder of the securities reflected in this Form 4. ICEH is a wholly owned subsidiary of Intercontinental Exchange, Inc. (F2) The Class 1 Warrants and Class 2 Warrants will generally be exercisable beginning September 4, 2024. The Class 1 Warrants and Class 2 Warrants have identical terms, except that the Class 2 Warrants also contain an alternative cashless exercise provision that, after the Issuer obtains Stockholder Approval, will allow the holder of a Class 2 Warrant to exercise on a cashless basis and receive a number of shares of Class A Common Stock equal to 50% of the shares of Class A Common Stock then underlying the Class 2 Warrant if the closing trading price of shares of Class A Common Stock is lower than the exercise price of the Class 2 Warrants for three consecutive trading days. |
| 3 | Derivative | Class 2 Warrants (right to buy) | 2024-03-04 | P | A | 1,381,004 | $0.87 | 1,381,004 | I See footnote | $1.02 · — to 2029-09-04 | 1,381,004 Class A Common Stock | (F3) ICEH is the direct holder of the securities reflected in this Form 4. ICEH is a wholly owned subsidiary of Intercontinental Exchange, Inc. (F2) The Class 1 Warrants and Class 2 Warrants will generally be exercisable beginning September 4, 2024. The Class 1 Warrants and Class 2 Warrants have identical terms, except that the Class 2 Warrants also contain an alternative cashless exercise provision that, after the Issuer obtains Stockholder Approval, will allow the holder of a Class 2 Warrant to exercise on a cashless basis and receive a number of shares of Class A Common Stock equal to 50% of the shares of Class A Common Stock then underlying the Class 2 Warrant if the closing trading price of shares of Class A Common Stock is lower than the exercise price of the Class 2 Warrants for three consecutive trading days. |