Gavin Constantine Michael - 18 Mar 2024 Form 4 Insider Report for Bakkt Holdings, Inc. (BKKT)

Signature
/s/ Marc D'Annunzio Attorney-in-Fact for Gavin Constantine Michael
Issuer symbol
BKKT
Transactions as of
18 Mar 2024
Net transactions value
$0
Form type
4
Filing time
20 Mar 2024, 21:35:15 UTC
Previous filing
26 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BKKT Class A Common Stock Award $0 +211,670 +9.3% $0.000000 2,482,960 18 Mar 2024 Direct F1, F2
transaction BKKT Class A Common Stock Award $0 +37,062 +1.5% $0.000000 2,520,022 18 Mar 2024 Direct F2, F3
transaction BKKT Class A Common Stock Award $0 +366,188 +15% $0.000000 2,886,210 18 Mar 2024 Direct F2, F4
transaction BKKT Class A Common Stock Award $0 +1,332,456 +46% $0.000000 4,218,666 18 Mar 2024 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the issuance of shares of Class A common stock resulting from vesting of one-third of performance stock units ("PSUs") granted on 01/21/2022 and the attainment of performance goals.
F2 Includes 1,131,800 shares of Class A Common Stock subject to restricted stock units ("RSUs") awards that remain subject to vesting.
F3 Represents the issuance of shares of Class A common stock resulting from vesting of one-third of PSUs granted on 02/01/2022 and the attainment of performance goals.
F4 Represents the issuance of shares of Class A common stock resulting from vesting of PSUs granted on 02/13/2023 and the attainment of performance goals.
F5 These securities are RSUs. Each RSU represents a contingent right to receive one share of the issuer's Class A Common Stock. The RSUs shall vest in two equal annual installments on the first two anniversaries of March 18, 2024, provided that the reporting person continues to be employed by the issuer as of each vesting date.
F6 Includes 2,464,256 shares of Class A Common Stock subject to RSUs awards that remain subject to vesting.