Form 4: Bakkt Holdings Executive Sells 10,000 Shares of Class A Common Stock

Marc D'Annunzio, General Counsel & Secretary of Bakkt Holdings, sold 10,000 shares of Class A Common Stock at a weighted-average price of $14.2082 on May 14, 2025.

Summary

• On May 14, 2025, Marc D'Annunzio, the General Counsel & Secretary of Bakkt Holdings, sold 10,000 shares of Class A Common Stock.
• The sale was executed at a weighted-average price of $14.2082 per share.
• The price range for the transactions was between $13.34 and $14.50.
• Following the reported transaction, D'Annunzio beneficially owns 69,807 shares of Class A Common Stock, which includes 51,976 shares subject to vesting.
• D'Annunzio also holds 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 related to an insider stock sale, which is neither inherently positive nor negative. The sentiment is neutral.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency into the transactions of company executives and their holdings in the company's stock.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, but the impact is likely minimal given the relatively small number of shares sold.

Key Dates

Keywords

Form 4, Bakkt Holdings, BKKT, Insider Trading, Stock Sale, Marc D'Annunzio, Class A Common Stock