Form 4 for BKKT Bakkt, Inc.
Accepted 2023-12-11 00:00:00 ET · period of report 2023-12-07 · accession 0001209191-23-058180 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MI | 2023-12-11 | 2023-12-07+ | BKKT | Collins Sean Roberts | Dir | J - Other | $0.00 | -3.14M | 31 | -100% | $0 |
| MI | 2023-12-11 | 2023-12-07+ | BKKT | Collins Sean Roberts | Dir | S - Sale | $1.82 | -346.7K | 0 | -100% | -$631.1K |
| M | 2023-12-11 | 2023-12-07+ | BKKT | Collins Sean Roberts | Dir | J - Other | $0.00 | +56.6K | 285.1K | +25% | $0 |
| M | 2023-12-11 | 2023-12-07+ | BKKT | Collins Sean Roberts | Dir | S - Sale | $1.78 | -229.1K | 276.0K | -45% | -$408.3K |
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 | 2023-12-07 | J | D | 2,114,496 | $0.00 | 637,447 | I See Footnotes | — | — | (F3) The general partner of each of Goldfinch Co-Invest I, LP, Goldfinch Co-Invest IB, LP and Goldfinch Co-Invest IC, LP is Goldfinch Co-Invest I GP LLC (collectively, the "Goldfinch Funds"). The Reporting Person is a Managing Partner of Goldfinch Co-Invest I GP LLC (together with the Goldfinch Funds, the "Goldfinch Entities"). The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest therein. (F2) Represents securities held directly by Goldfinch Co-Invest I LP. |
| 2 | Common | Class A Common Stock | 2023-12-07 | J | D | 114,810 | $0.00 | 41,357 | I See Footnotes | — | — | (F3) The general partner of each of Goldfinch Co-Invest I, LP, Goldfinch Co-Invest IB, LP and Goldfinch Co-Invest IC, LP is Goldfinch Co-Invest I GP LLC (collectively, the "Goldfinch Funds"). The Reporting Person is a Managing Partner of Goldfinch Co-Invest I GP LLC (together with the Goldfinch Funds, the "Goldfinch Entities"). The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest therein. (F5) Represents securities held directly by Goldfinch Co-Invest IB LP. |
| 3 | Common | Class A Common Stock | 2023-12-07 | J | D | 448,389 | $0.00 | 133,934 | I See Footnotes | — | — | (F7) Represents securities held directly by Goldfinch Co-Invest IC LP. (F3) The general partner of each of Goldfinch Co-Invest I, LP, Goldfinch Co-Invest IB, LP and Goldfinch Co-Invest IC, LP is Goldfinch Co-Invest I GP LLC (collectively, the "Goldfinch Funds"). The Reporting Person is a Managing Partner of Goldfinch Co-Invest I GP LLC (together with the Goldfinch Funds, the "Goldfinch Entities"). The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest therein. |
| 4 | Common | Class A Common Stock | 2023-12-07 | S | D | 225,236 | $1.84 | 412,211 | I See Footnotes | — | — | (F8) The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.78 to $1.89, inclusive. The reporting person undertakes to provide Bakkt Holdings, Inc., any security holder of Bakkt Holdings, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. (F3) The general partner of each of Goldfinch Co-Invest I, LP, Goldfinch Co-Invest IB, LP and Goldfinch Co-Invest IC, LP is Goldfinch Co-Invest I GP LLC (collectively, the "Goldfinch Funds"). The Reporting Person is a Managing Partner of Goldfinch Co-Invest I GP LLC (together with the Goldfinch Funds, the "Goldfinch Entities"). The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest therein. (F2) Represents securities held directly by Goldfinch Co-Invest I LP. |
| 5 | Common | Class A Common Stock | 2023-12-07 | S | D | 12,782 | $1.84 | 28,575 | I See Footnotes | — | — | (F8) The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.78 to $1.89, inclusive. The reporting person undertakes to provide Bakkt Holdings, Inc., any security holder of Bakkt Holdings, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. (F3) The general partner of each of Goldfinch Co-Invest I, LP, Goldfinch Co-Invest IB, LP and Goldfinch Co-Invest IC, LP is Goldfinch Co-Invest I GP LLC (collectively, the "Goldfinch Funds"). The Reporting Person is a Managing Partner of Goldfinch Co-Invest I GP LLC (together with the Goldfinch Funds, the "Goldfinch Entities"). The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest therein. (F5) Represents securities held directly by Goldfinch Co-Invest IB LP. |
| 6 | Common | Class A Common Stock | 2023-12-07 | S | D | 47,661 | $1.84 | 86,273 | I See Footnotes | — | — | (F8) The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.78 to $1.89, inclusive. The reporting person undertakes to provide Bakkt Holdings, Inc., any security holder of Bakkt Holdings, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. (F7) Represents securities held directly by Goldfinch Co-Invest IC LP. (F3) The general partner of each of Goldfinch Co-Invest I, LP, Goldfinch Co-Invest IB, LP and Goldfinch Co-Invest IC, LP is Goldfinch Co-Invest I GP LLC (collectively, the "Goldfinch Funds"). The Reporting Person is a Managing Partner of Goldfinch Co-Invest I GP LLC (together with the Goldfinch Funds, the "Goldfinch Entities"). The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest therein. |
| 7 | Common | Class A Common Stock | 2023-12-07 | J | A | 47,461 | $0.00 | 505,107 | D See Footnotes | — | — | (F10) Includes 275,000 shares of Class A Common Stock subject to Restricted Stock Units that remain subject to vesting. (F3) The general partner of each of Goldfinch Co-Invest I, LP, Goldfinch Co-Invest IB, LP and Goldfinch Co-Invest IC, LP is Goldfinch Co-Invest I GP LLC (collectively, the "Goldfinch Funds"). The Reporting Person is a Managing Partner of Goldfinch Co-Invest I GP LLC (together with the Goldfinch Funds, the "Goldfinch Entities"). The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest therein. (F5) Represents securities held directly by Goldfinch Co-Invest IB LP. |
| 8 | Common | Class A Common Stock | 2023-12-07 | S | D | 182,646 | $1.80 | 322,461 | D See Footnotes | — | — | (F11) The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.76 to $1.86, inclusive. The reporting person undertakes to provide Bakkt Holdings, Inc., any security holder of Bakkt Holdings, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. (F10) Includes 275,000 shares of Class A Common Stock subject to Restricted Stock Units that remain subject to vesting. (F7) Represents securities held directly by Goldfinch Co-Invest IC LP. (F3) The general partner of each of Goldfinch Co-Invest I, LP, Goldfinch Co-Invest IB, LP and Goldfinch Co-Invest IC, LP is Goldfinch Co-Invest I GP LLC (collectively, the "Goldfinch Funds"). The Reporting Person is a Managing Partner of Goldfinch Co-Invest I GP LLC (together with the Goldfinch Funds, the "Goldfinch Entities"). The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest therein. |
| 9 | Common | Class A Common Stock | 2023-12-08 | S | D | 23,939 | $1.73 | 4,636 | I See Footnotes | — | — | (F12) The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.705 to $1.765, inclusive. The reporting person undertakes to provide Bakkt Holdings, Inc., any security holder of Bakkt Holdings, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. (F3) The general partner of each of Goldfinch Co-Invest I, LP, Goldfinch Co-Invest IB, LP and Goldfinch Co-Invest IC, LP is Goldfinch Co-Invest I GP LLC (collectively, the "Goldfinch Funds"). The Reporting Person is a Managing Partner of Goldfinch Co-Invest I GP LLC (together with the Goldfinch Funds, the "Goldfinch Entities"). The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest therein. (F2) Represents securities held directly by Goldfinch Co-Invest I LP. |
| 10 | Common | Class A Common Stock | 2023-12-08 | S | D | 36,990 | $1.73 | 49,283 | I See Footnotes | — | — | (F12) The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.705 to $1.765, inclusive. The reporting person undertakes to provide Bakkt Holdings, Inc., any security holder of Bakkt Holdings, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. (F3) The general partner of each of Goldfinch Co-Invest I, LP, Goldfinch Co-Invest IB, LP and Goldfinch Co-Invest IC, LP is Goldfinch Co-Invest I GP LLC (collectively, the "Goldfinch Funds"). The Reporting Person is a Managing Partner of Goldfinch Co-Invest I GP LLC (together with the Goldfinch Funds, the "Goldfinch Entities"). The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest therein. (F5) Represents securities held directly by Goldfinch Co-Invest IB LP. |
| 11 | Common | Class A Common Stock | 2023-12-08 | S | D | 46,501 | $1.71 | 275,960 | D See Footnotes | — | — | (F12) The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.705 to $1.765, inclusive. The reporting person undertakes to provide Bakkt Holdings, Inc., any security holder of Bakkt Holdings, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. (F10) Includes 275,000 shares of Class A Common Stock subject to Restricted Stock Units that remain subject to vesting. (F7) Represents securities held directly by Goldfinch Co-Invest IC LP. (F3) The general partner of each of Goldfinch Co-Invest I, LP, Goldfinch Co-Invest IB, LP and Goldfinch Co-Invest IC, LP is Goldfinch Co-Invest I GP LLC (collectively, the "Goldfinch Funds"). The Reporting Person is a Managing Partner of Goldfinch Co-Invest I GP LLC (together with the Goldfinch Funds, the "Goldfinch Entities"). The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest therein. |
| 12 | Common | Class A Common Stock | 2023-12-11 | J | D | 412,211 | $0.00 | 0 | I See Footnotes | — | — | (F3) The general partner of each of Goldfinch Co-Invest I, LP, Goldfinch Co-Invest IB, LP and Goldfinch Co-Invest IC, LP is Goldfinch Co-Invest I GP LLC (collectively, the "Goldfinch Funds"). The Reporting Person is a Managing Partner of Goldfinch Co-Invest I GP LLC (together with the Goldfinch Funds, the "Goldfinch Entities"). The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest therein. (F5) Represents securities held directly by Goldfinch Co-Invest IB LP. |
| 13 | Common | Class A Common Stock | 2023-12-11 | J | D | 4,616 | $0.00 | 20 | I See Footnotes | — | — | (F7) Represents securities held directly by Goldfinch Co-Invest IC LP. (F3) The general partner of each of Goldfinch Co-Invest I, LP, Goldfinch Co-Invest IB, LP and Goldfinch Co-Invest IC, LP is Goldfinch Co-Invest I GP LLC (collectively, the "Goldfinch Funds"). The Reporting Person is a Managing Partner of Goldfinch Co-Invest I GP LLC (together with the Goldfinch Funds, the "Goldfinch Entities"). The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest therein. |
| 14 | Common | Class A Common Stock | 2023-12-11 | J | D | 49,252 | $0.00 | 31 | I | — | — | |
| 15 | Common | Class A Common Stock | 2023-12-11 | J | A | 9,130 | $0.00 | 285,090 | D | — | — | (F10) Includes 275,000 shares of Class A Common Stock subject to Restricted Stock Units that remain subject to vesting. |
| 16 | Common | Class A Common Stock | 2023-12-11 | S | D | 20 | $1.67 | 0 | I | — | — | |
| 17 | Common | Class A Common Stock | 2023-12-11 | S | D | 31 | $1.67 | 0 | I | — | — |