Form 4: Bakkt Holdings General Counsel Sells Shares Under 10b5-1 Plan

Marc D'Annunzio, General Counsel & Secretary of Bakkt Holdings, sold 20,504 shares of Class A Common Stock at an average price of $0.3987 per share under a pre-arranged trading plan.

Summary

• On April 22, 2024, Marc D'Annunzio, the General Counsel & Secretary of Bakkt Holdings, Inc., sold 20,504 shares of Class A Common Stock.
• The sale was executed at a weighted-average price of $0.3987 per share, with individual transactions ranging from $0.3909 to $0.4050.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on May 22, 2023.
• Following the reported transaction, D'Annunzio beneficially owns 606,201 shares of Class A Common Stock, including 341,760 shares subject to vesting restrictions.
• D'Annunzio also holds 1,204,712 Bakkt Opco Units, which are redeemable for an equal number of Class A Common Stock shares under certain conditions.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to an insider stock sale under a pre-arranged plan. It doesn't inherently indicate positive or negative sentiment, but rather a routine transaction.

Industry Context

Insider sales are a common occurrence, and this sale appears to be conducted under a pre-arranged trading plan, which is a legal and transparent way for insiders to sell shares.

Key Dates