D'Annunzio Marc's Form 4/A amendment
AmendedBakkt, Inc. (BKKT) · filed May 2, 2023
- Accession no.
- 0001871559-23-000008
- Filed
- May 2, 2023
- Trade date
- Apr 28, 2023
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Checked
- Original filed
- May 1, 2023
This filing lists 1 non-derivative transaction. Open-market sales total $68.8K. It was filed 4 days after the trade.
This amendment replaces 0001871559-23-000006 (filed May 1, 2023).
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| D'Annunzio MarcCIK 0001871559 | Officer (General Counsel & Secretary) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Apr 28, 2023 | Class A Common Stock | SSaleDisposed | −50,237 | $1.37F2 | −$68,824.69 | 733,320 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
The sales were effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 12/05/2022.
- F2
Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $1.35 to $1.40, inclusive. For all transactions reported in this Form 4 utilizing a weighted-average price, the reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
Referenced by the price of 1 transaction in Table I.
- F3
Includes 383,320 shares of Class A Common Stock subject to restricted stock units ("RSUs") awards that remain subject to vesting. Each RSU represents a contingent right to receive one share of the issuer's Class A Common Stock.
- F4
Represents incentive units of Bakkt Management LLC, which units are, subject to certain limitations, redeemable at the request of the reporting person in exchange for the indicated number of common units of Bakkt Opco Holdings, LLC "(Bakkt Opco Units") and an equal number of shares of the issuer's Class V Common Stock.
- F5
Pursuant to the terms of an Amended and Restated Exchange Agreement dated as of May 3, 2022, subject to certain conditions, Bakkt Opco Units together with an equal number of shares of the issuer's Class V Common Stock, are exchangeable by the Reporting Person for shares of the issuer's Class A Common Stock on a one-for-one basis.