Form 4 for BKKT Bakkt, Inc.
Accepted 2022-09-02 00:00:00 ET · period of report 2022-08-31 · accession 0001209191-22-048517 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-09-02 | 2022-08-31 | BKKT | D'Annunzio Marc | GC, Sec | C - Cnv Deriv | $0.00 | +250.0K | 537.5K | +87% | $0 |
| D | 2022-09-02 | 2022-08-31 | BKKT | D'Annunzio Marc | GC, Sec | C - Cnv Deriv | $0.00 | -250.0K | 1.30M | -16% | $0 |
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 | 2022-08-31 | C | A | 250,000 | $0.00 | 537,491 | D | — | — | (F1) Includes 287,491 shares of Class A Common Stock subject to RSUs that remain subject to vesting. |
| 2 | Derivative | Bakkt Opco Units | 2022-08-31 | C | D | 250,000 | $0.00 | 1,304,712 | D | — · — to — | 250,000 Class A Common Stock | (F2) 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. (F3) 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. |