Form 4 for BKKT Bakkt, Inc.

Accepted 2023-03-02 00:00:00 ET · period of report 2023-02-28 · accession 0001871559-23-000004 · 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	2023-03-02	2023-02-28	BKKT	D'Annunzio Marc	GC, Sec	C - Cnv Deriv	$0.00	+100.0K	733.3K	+16%	$0
D	2023-03-02	2023-02-28	BKKT	D'Annunzio Marc	GC, Sec	C - Cnv Deriv	$0.00	-100.0K	1.20M	-8%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Class A Common Stock	2023-02-28	C	A	100,000	$0.00	733,320	D	—	—	(F1) Includes 383,320 shares of Class A Common Stock subject to restricted stock units ("RSUs") awards that remain subject to vesting. Each RSU represents a contingent right to receive one share of the issuer's Class A Common Stock.
2	Derivative	Bakkt Opco Units	2023-02-28	C	D	100,000	$0.00	1,204,712	D	— · — to —	100,000 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.