<SEC-DOCUMENT>0000947871-24-000421.txt : 20240429
<SEC-HEADER>0000947871-24-000421.hdr.sgml : 20240429
<ACCEPTANCE-DATETIME>20240429211104
ACCESSION NUMBER:		0000947871-24-000421
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20240425
FILED AS OF DATE:		20240429
DATE AS OF CHANGE:		20240429

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Intercontinental Exchange Holdings, Inc.
		CENTRAL INDEX KEY:			0001174746
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES [6200]
		ORGANIZATION NAME:           	02 Finance
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39544
		FILM NUMBER:		24893689

	BUSINESS ADDRESS:	
		STREET 1:		2100 RIVEREDGE PARKWAY
		STREET 2:		SUITE 500
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30328
		BUSINESS PHONE:		7708574700

	MAIL ADDRESS:	
		STREET 1:		2100 RIVEREDGE PARKWAY
		STREET 2:		SUITE 500
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30328

	FORMER NAME:	
		FORMER CONFORMED NAME:	INTERCONTINENTALEXCHANGE INC
		DATE OF NAME CHANGE:	20020603

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Intercontinental Exchange, Inc.
		CENTRAL INDEX KEY:			0001571949
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES [6200]
		ORGANIZATION NAME:           	02 Finance
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39544
		FILM NUMBER:		24893690

	BUSINESS ADDRESS:	
		STREET 1:		5660 NEW NORTHSIDE DRIVE,
		STREET 2:		THIRD FLOOR
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30328
		BUSINESS PHONE:		770-857-4700

	MAIL ADDRESS:	
		STREET 1:		5660 NEW NORTHSIDE DRIVE,
		STREET 2:		THIRD FLOOR
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30328

	FORMER NAME:	
		FORMER CONFORMED NAME:	IntercontinentalExchange Group, Inc.
		DATE OF NAME CHANGE:	20130313

	FORMER NAME:	
		FORMER CONFORMED NAME:	Intercontinental Exchange Group, Inc.
		DATE OF NAME CHANGE:	20130312

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Bakkt Holdings, Inc.
		CENTRAL INDEX KEY:			0001820302
		STANDARD INDUSTRIAL CLASSIFICATION:	FINANCE SERVICES [6199]
		ORGANIZATION NAME:           	09 Crypto Assets
		IRS NUMBER:				981550750
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		10000 AVALON BOULEVARD, SUITE 1000
		CITY:			ALPHARETTA
		STATE:			GA
		ZIP:			30009
		BUSINESS PHONE:		678-534-5849

	MAIL ADDRESS:	
		STREET 1:		10000 AVALON BOULEVARD, SUITE 1000
		CITY:			ALPHARETTA
		STATE:			GA
		ZIP:			30009

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VPC Impact Acquisition Holdings
		DATE OF NAME CHANGE:	20200805
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>ownership.xml
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    <documentType>4</documentType>

    <periodOfReport>2024-04-25</periodOfReport>

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    <issuer>
        <issuerCik>0001820302</issuerCik>
        <issuerName>Bakkt Holdings, Inc.</issuerName>
        <issuerTradingSymbol>BKKT</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001571949</rptOwnerCik>
            <rptOwnerName>Intercontinental Exchange, Inc.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>5660 NEW NORTHSIDE DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>ATLANTA</rptOwnerCity>
            <rptOwnerState>GA</rptOwnerState>
            <rptOwnerZipCode>30328</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001174746</rptOwnerCik>
            <rptOwnerName>Intercontinental Exchange Holdings, Inc.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>5660 NEW NORTHSIDE DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>ATLANTA</rptOwnerCity>
            <rptOwnerState>GA</rptOwnerState>
            <rptOwnerZipCode>30328</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
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            <isOther>0</isOther>
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            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>0</aff10b5One>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class A Common Stock</value>
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            <transactionDate>
                <value>2024-04-25</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
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                    <value>350880</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.867</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
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            </transactionAmounts>
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                <sharesOwnedFollowingTransaction>
                    <value>649934</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Class 1 Warrants (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>25.50</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2024-04-25</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
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                <transactionCode>P</transactionCode>
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                <footnoteId id="F1"/>
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            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>175440</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.867</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <value>2029-09-04</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>175440</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>230680</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Class 2 Warrants (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>25.50</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2024-04-25</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>175440</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.867</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <value>2029-09-04</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>175440</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>230680</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Acquired in a registered direct offering pursuant to the terms of the Securities Purchase Agreement (the &quot;Purchase Agreement&quot;), dated as of February 29, 2024, between the Issuer and Intercontinental Exchange Holdings, Inc. (&quot;ICEH&quot;). Under the Purchase Agreement, the purchase by ICEH of 350,880 shares of Class A Common Stock, Class 1 Warrants to purchase up to 175,440 shares of Class A Common Stock, and Class 2 Warrants to purchase up to 175,440 shares of Class A Common Stock, closed on April 25, 2024. All amounts of securities reflected in this Form 4 reflect the 1-for-25 reverse stock split effected by the Issuer in April 2024 (the &quot;April 2024 Reverse Stock Split&quot;).</footnote>
        <footnote id="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 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. The exercise price of the previously reported Class 1 Warrants and Class 2 Warrants was increased to $25.50 per share as a result of the April 2024 Reverse Stock Split.</footnote>
        <footnote id="F3">ICEH is the direct holder of the securities reflected in this Form 4. ICEH is a wholly owned subsidiary of Intercontinental Exchange, Inc.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Intercontinental Exchange, Inc., By: /s/ Andrew Surdykowski, General Counsel</signatureName>
        <signatureDate>2024-04-29</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Intercontinental Exchange Holdings, Inc., By: /s/ Andrew Surdykowski, General Counsel</signatureName>
        <signatureDate>2024-04-29</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</SEC-DOCUMENT>
