Certain Warrants of Bakkt Holdings, Inc. are subject to a Lock-Up Agreement Ending on 3-JUL-2024. These Warrants will be under lockup for 121 days starting from 4-MAR-2024 to 3-JUL-2024.

Details:
The directors and officers have entered into lock-up agreements. Under these agreements, these individuals have agreed, subject to specified exceptions, not to sell or transfer any shares of Class A Common Stock or securities convertible into, or exchangeable or exercisable for, our Class A Common Stock during a period ending 120 days after the date of this prospectus supplement. Specifically, these individuals have agreed, in part, not to: offer, sell, contract to sell, hypothecate, pledge or otherwise dispose of (or enter into any transaction which is designed to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective economic disposition due to cash settlement or otherwise) by the individuals subject to the lock-up or any affiliate of the individuals subject to the lock-up or any person in privity with the individuals subject to the lock-up or any affiliate of the individuals subject to the lock-up), directly or indirectly.