Bakkt Holdings, Inc. appointed Charles “Chip” Goodroe, 38, as Vice President, Chief Accounting Officer and Principal Accounting Officer of the Company, effective September 12, 2022. Prior to joining the Company, Mr. Goodroe served roles of increasing responsibility at Grant Thornton LLP from 2012 to September 2022, most recently serving as Senior Manager, Audit Services. Mr. Goodroe holds a B.B. A in Accountancy from the University of Georgia, Terry College of Business and an M.S. in Accountancy from the University of Georgia, Terry College of Business.

In connection with Mr. Goodroe's appointment as Vice President, Chief Accounting Officer and Principal Accounting Officer, the Compensation Committee of the Company's board of directors granted Mr. Goodroe a one-time equity award of restricted stock units valued at approximately $70,000, which vest in equal yearly installments through the third anniversary of the grant date, subject to Mr. Goodroe's continued employment with the Company on the applicable vesting dates. Mr. Goodroe's annual base salary will be $220,000. Effective upon the appointment of Mr. Goodroe, Karen Alexander, the Company's Chief Financial Officer, Principal Financial Officer, Chief Accounting Officer and Principal Accounting Officer, will step down as Chief Accounting Officer and Principal Accounting Officer.

Ms. Alexander will continue to serve as the Company's Chief Financial Officer and Principal Financial Officer.