Form 4: Bakkt Holdings Executive Marc D'Annunzio Reports Stock Transactions Following Vesting of Stock Units
SEC Form 4 Filing
General Counsel & Secretary of Bakkt Holdings, Marc D'Annunzio, reports the withholding of Class A Common Stock to cover tax obligations related to vesting of performance stock units and restricted stock units.
Summary
- On February 19, 2025, Marc D'Annunzio, General Counsel & Secretary of Bakkt Holdings, Inc., reported transactions related to the vesting of performance stock units (PSUs) and restricted stock units (RSUs).
- The issuer withheld 174 shares of Class A Common Stock at $14.84 per share to cover tax obligations related to PSU vesting.
- Additionally, 852 shares of Class A Common Stock were withheld at $14.84 per share to cover tax obligations related to RSU vesting.
- Following these transactions, D'Annunzio beneficially owns 49,098 shares of Class A Common Stock.
- This includes 29,537 shares of Class A Common Stock subject to RSUs and PSUs that remain subject to vesting.
- D'Annunzio also holds 48,188 Bakkt Opco Units, which are redeemable for Class A Common Stock on a one-for-one basis under certain conditions.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't convey any particularly positive or negative sentiment about the company's performance or prospects.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It doesn't necessarily reflect a strategic shift or major event for Bakkt within the broader fintech or cryptocurrency industry.
Stakeholder Impact
- The transactions reported have a minor impact on shareholders as they relate to the vesting of executive compensation and associated tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/03/2022 | Date of Amended and Restated Exchange Agreement |
| 02/13/2025 | Vesting date of performance stock units (PSUs) and restricted stock units (RSUs) |
| 02/19/2025 | Date of reported transactions (stock withholding for tax obligations) |
| 02/21/2025 | Date of signature on the Form 4 |
Keywords
Form 4, Bakkt Holdings, Marc D'Annunzio, Stock Transactions, Beneficial Ownership, Class A Common Stock, PSU, RSU, Tax Withholding, Bakkt Opco Units
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