Bakkt Results Presentation Deck

FINANCIAL RESULTS / SHARE EXCHANGE Share exchange Class V shares lock-up expired and became available for exchange to Class A shares on April 18th There have been 17.5mm Class V shares exchanged to date o ICE has not exchanged their Class V shares and currently owns 90% of the remaining Class V shares¹ A share exchange does not necessarily signify that the shares have then been sold into the open market o Class V shares may be exchanged for Class A shares for, among other reasons, tax optimization bakkt ¹ICE owns an aggregate of 66% of shares, consisting of both Class A and Class V Shares as of 5/11/22 Share class Class A Class V Total (mm) 75.3 188.4 263.7 17

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