[Form 3] Bakkt Holdings, Inc. Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Bakkt Holdings (BKKT) filed a Form 3 for a director, disclosing initial beneficial ownership tied to equity awards. The filing lists 4,809 units in Table I, noted as restricted stock units (RSUs). Each RSU represents a right to receive one share of Class A Common Stock.

According to the footnote, 100% of the RSUs vest on June 17, 2026, provided the reporting person continues service through that date. Ownership is reported as Direct (D). The event date is October 19, 2025.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

SCHWARTZER MADELYN ALDEN

(Last) (First) (Middle)

C/O BAKKT HOLDINGS, INC.

1 LIBERTY ST FL 3 STE 305-306

(Street)

NEW YORK NY 10006

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
10/19/2025

3. Issuer Name and Ticker or Trading Symbol
Bakkt Holdings, Inc. [ BKKT ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock	4,809(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These securities are restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the issuer's Class A Common Stock. 100% of the RSUs shall vest on June 17, 2026, provided that the reporting person continues to provide service to the issuer through such date.

	/s/ Paul Simmons Attorney-in-Fact for Madelyn Alden Schwartzer	10/29/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What did Bakkt (BKKT) disclose in this Form 3?

A director reported initial beneficial ownership of 4,809 RSUs, each representing one share of Class A Common Stock.

When do the reported RSUs vest for BKKT?

The filing states 100% of the RSUs vest on June 17, 2026, contingent on continued service.

How is the ownership reported in the filing?

Ownership is reported as Direct (D) in Table I.

What is the event date in the BKKT Form 3?

The event date listed is October 19, 2025.

Are there any derivative securities listed?

Table II shows no derivative securities; the 4,809 units are identified via footnote as RSUs.