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Intercontinental Exchange Holdings, Inc., et al. – ‘4’ for 3/4/24 re: Bakkt Holdings, Inc.

On:  Monday, 3/4/24, at 5:34pm ET   ·   For:  3/4/24   ·   As:  10% Owner   ·   Accession #:  947871-24-254   ·   File #:  1-39544

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/04/24  Intercontinental Exchange Ho… Inc 4          10% Owner   1:11K  Bakkt Holdings, Inc.              Shearman & Sterling LLP
          Intercontinental Exchange, Inc.

Statement of Changes in Beneficial Ownership of Securities by an Insider   —   Form 4   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 4           Statement of Changes in Beneficial Ownership of     HTML     11K 
                Securities by an Insider -- ownership.xml/5.8


        

This ‘4’ Document is an XML Data File that may be rendered in various formats:

  Form 4    –   Plain Text   –  SEC Website  –  EDGAR System  –    XML Data    –  <?xml?> File
 
 
SEC Info℠ rendering:  Statement of Changes in Beneficial Ownership of Securities by an Insider
 

The SEC has not released XSLT Stylesheets needed to render this File’s XML Data as a Form.

This is our “Plain Text” rendering:
 
                                                                                                                                                                                
Ownership Document
 
Schema Version:  X0508
Document Type:  4
Period of Report:  3/4/24
Not Subject to Section 16:  0
Issuer:
Issuer CIK:  1820302
Issuer Name:  Bakkt Holdings, Inc.
Issuer Trading Symbol:  BKKT
Reporting Owner:
Reporting Owner ID:
Owner CIK:  1571949
Owner Name:  Intercontinental Exchange, Inc.
Reporting Owner Address:
Owner Street 1:  5660 NEW NORTHSIDE DRIVE
Owner Street 2:
Owner City:  ATLANTA
Owner State:  GA
Owner ZIP Code:  30328
Owner State Description:
Reporting Owner Relationship:
Is Director?  No
Is Officer?  No
Is Ten Percent Owner?  Yes
Is Other?  No
Officer Title:
Other Text:
Reporting Owner:
Reporting Owner ID:
Owner CIK:  1174746
Owner Name:  Intercontinental Exchange Holdings, Inc.
Reporting Owner Address:
Owner Street 1:  5660 NEW NORTHSIDE DRIVE
Owner Street 2:
Owner City:  ATLANTA
Owner State:  GA
Owner ZIP Code:  30328
Owner State Description:
Reporting Owner Relationship:
Is Director?  No
Is Officer?  No
Is Ten Percent Owner?  Yes
Is Other?  No
Officer Title:
Other Text:
Aff 10b5 One:  0
Non-Derivative Table:
Non-Derivative Transaction:
Security Title:
Value:  Class A Common Stock
Transaction Date:
Value:  3/4/24
Deemed Execution Date:
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  P
Equity Swap Involved?  No
Footnote ID:  F1
Transaction Timeliness:
Transaction Amounts:
Transaction Shares:
Value:  2,762,009
Transaction Price Per Share:
Value:  0.867
Transaction Acquired-Disposed Code:
Value:  A
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  7,476,345
Ownership Nature:
Direct or Indirect Ownership:
Value:  I
Nature of Ownership:
Value:  See footnote
Footnote ID:  F3
Derivative Table:
Derivative Transaction:
Security Title:
Value:  Class 1 Warrants (right to buy)
Conversion or Exercise Price:
Value:  1.02
Transaction Date:
Value:  3/4/24
Deemed Execution Date:
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  P
Equity Swap Involved?  No
Footnote ID:  F1
Transaction Timeliness:
Transaction Amounts:
Transaction Shares:
Value:  1,381,004
Transaction Price Per Share:
Value:  0.8670
Transaction Acquired-Disposed Code:
Value:  A
Exercise Date:
Footnote ID:  F2
Expiration Date:
Value:  9/4/29
Underlying Security:
Underlying Security Title:
Value:  Class A Common Stock
Underlying Security Shares:
Value:  1,381,004
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  1,381,004
Ownership Nature:
Direct or Indirect Ownership:
Value:  I
Nature of Ownership:
Value:  See footnote
Footnote ID:  F3
Derivative Transaction:
Security Title:
Value:  Class 2 Warrants (right to buy)
Conversion or Exercise Price:
Value:  1.02
Transaction Date:
Value:  3/4/24
Deemed Execution Date:
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  P
Equity Swap Involved?  No
Footnote ID:  F1
Transaction Timeliness:
Transaction Amounts:
Transaction Shares:
Value:  1,381,004
Transaction Price Per Share:
Value:  0.8670
Transaction Acquired-Disposed Code:
Value:  A
Exercise Date:
Footnote ID:  F2
Expiration Date:
Value:  9/4/29
Underlying Security:
Underlying Security Title:
Value:  Class A Common Stock
Underlying Security Shares:
Value:  1,381,004
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  1,381,004
Ownership Nature:
Direct or Indirect Ownership:
Value:  I
Nature of Ownership:
Value:  See footnote
Footnote ID:  F3
Footnotes:
Footnote - F1:  Acquired in a registered direct offering pursuant to the terms of the Securities Purchase Agreement (the "Purchase Agreement"), dated as of February 29, 2024, between the Issuer and Intercontinental Exchange Holdings, Inc. ("ICEH"). Under the Purchase Agreement, the purchase by ICEH of 2,762,009 shares of Class A Common Stock, Class 1 Warrants to purchase up to 1,381,004 shares of Class A Common Stock, and Class 2 Warrants to purchase up to 1,381,004 shares of Class A Common Stock, closed on March 4, 2024. The closing of the purchase by ICEH of an additional 8,772,016 shares of Class A Common Stock, Class 1 Warrants to purchase up to 4,386,008 shares of Class A Common Stock, and Class 2 Warrants to purchase up to 4,386,008 shares of Class A Common Stock is conditioned on the Issuer obtaining stockholder approval ("Stockholder Approval") for such issuances under the rules and regulations of the New York Stock Exchange and other customary closing conditions.
Footnote - F2:  The Class 1 Warrants and Class 2 Warrants will generally be exercisable beginning September 4, 2024. The Class 1 Warrants and Class 2 Warrants have identical terms, except that the Class 2 Warrants also contain an alternative cashless exercise provision that, after the Issuer obtains Stockholder Approval, will allow the holder of a Class 2 Warrant to exercise on a cashless basis and receive a number of shares of Class A Common Stock equal to 50% of the shares of Class A Common Stock then underlying the Class 2 Warrant if the closing trading price of shares of Class A Common Stock is lower than the exercise price of the Class 2 Warrants for three consecutive trading days.
Footnote - F3:  ICEH is the direct holder of the securities reflected in this Form 4. ICEH is a wholly owned subsidiary of Intercontinental Exchange, Inc.
Owner Signature:
Signature Name:  Intercontinental Exchange, Inc., By: /s/ Andrew J. Surdykowski, General Counsel
Signature Date:  3/4/24
Owner Signature:
Signature Name:  Intercontinental Exchange Holdings, Inc., By: /s/ Andrew J. Surdykowski, General Counsel
Signature Date:  3/4/24


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