INTERCONTINENTAL EXCHANGE, INC. exercised options at BAKKT, INC.
Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.
Class A Common Stock
Shares
+649.93K
Price / share
—
Trade value
—
% of position
Class A Common Stock
Shares
+6.80M
Price / share
—
Trade value
—
% of position
Net shares
+7.45M
Net value
$0.00
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock Indirect | 11/3/2025 | J · J | +649.93K | — | — | New position | 0.00 | 649.93K |
| Class A Common Stock Indirect | 11/3/2025 | M · Option Exercise | +6.80M | — | — | 1046.7% | 649.93K | 7.45M |
| Total | +7.45M | $0.00 | ||||||
Bakkt Opco Units
Class A Common Stock
6.80M shares
Shares
−6.80M
Strike price
Held after
0.00
Exercisable
—
Preferred Stock
Class A Common Stock
465.89K shares
Shares
+465.89K
Strike price
Held after
465.89K
Exercisable
—
Class 1 Warrants (right to buy)
Class A Common Stock
230.68K shares
Shares
+230.68K
Strike price
25.5
Held after
230.68K
Exercisable
—
Class 2 Warrants (right to buy)
Class A Common Stock
230.68K shares
Shares
+230.68K
Strike price
25.5
Held after
230.68K
Exercisable
—
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Bakkt Opco Units Indirect | Class A Common Stock6.80M shares | 11/3/2025 | M · Option Exercise | −6.80M | — | 0.00 | |
| Preferred Stock Indirect | Class A Common Stock465.89K shares | 11/3/2025 | J · J | +465.89K | — | 465.89K | |
| Class 1 Warrants (right to buy) Indirect | Class A Common Stock230.68K shares | 11/3/2025 | J · J | +230.68K | 25.5 | — | 230.68K |
| Class 2 Warrants (right to buy) Indirect | Class A Common Stock230.68K shares | 11/3/2025 | J · J | +230.68K | 25.5 | — | 230.68K |