Form 4: Bakkt Holdings Executive Marc D'Annunzio Reports Stock Transactions

Bakkt Holdings' General Counsel and Secretary, Marc D'Annunzio, reports the withholding of Class A Common Stock to cover tax obligations related to vesting restricted stock units.

Summary

• On April 28, 2025, Marc D'Annunzio, General Counsel & Secretary of Bakkt Holdings, Inc., reported transactions involving the company's stock.
• The transactions involved the withholding of 3,501 shares of Class A Common Stock at a price of $8.93 per share to cover tax obligations related to the vesting of restricted stock units (RSUs).
• Following the reported transaction, D'Annunzio beneficially owns 79,807 shares of Class A Common Stock, which includes 51,976 shares subject to RSUs and PSUs that remain subject to vesting.
• D'Annunzio also holds 48,188 Bakkt Opco Units, which are redeemable for an equal number of Class A Common Stock shares on a one-for-one basis, subject to certain conditions.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It reflects standard compensation practices involving stock-based awards and tax withholding.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a small number of shares withheld for tax purposes.

Key Dates

Keywords

Form 4, Bakkt Holdings, Stock Transaction, Beneficial Ownership, Marc D'Annunzio, Class A Common Stock, RSUs, Bakkt Opco Units