Bakkt Holdings Inc SEC Filings

Bakkt Holdings, Inc. (BKKT) – Form 4 Insider Transaction

Director Sean Roberts Collins was granted 30,191 restricted stock units (RSUs) of Class A common stock on 17 June 2025. Each RSU converts into one share upon vesting. The award vests 100% on 17 June 2026, contingent on continued service. No cash was paid (reported price $0). Following the grant, Collins’ total beneficial ownership rose to 63,431 shares, all held directly, of which the newly issued 30,191 shares remain unvested.

No shares were sold and no derivative securities were reported. The filing signals routine board compensation rather than an open-market purchase or sale, therefore the immediate financial impact on Bakkt’s share supply and insider-sentiment indicators is limited.

Form 4 highlights: On 06/17/2025 Bakkt Holdings, Inc. (BKKT) director Colleen B. Brown received an equity award of 16,543 Class A restricted stock units (RSUs). The RSUs were granted at a cost basis of $0 and will vest 100% on 06/17/2026, contingent on continued service.
Following the grant, Ms. Brown’s total beneficial ownership increased to 31,499 Class A shares, of which the newly granted 16,543 shares remain subject to vesting.

No open-market purchase or sale occurred—this is a standard annual equity grant for a non-employee director, intended to align her interests with shareholders rather than signal a directional view on the stock. The filing discloses no derivative security transactions, option exercises, or dispositions.

For investors, the transaction is non-dilutive in the near term (shares are already reserved under the company’s equity plan) and reflects standard board compensation practice. It adds modest insider alignment but does not materially change share count, cash flows, or guidance.

Bakkt Holdings, Inc. (BKKT) filed a Form 4 reporting that director Jill Simeone received 16,543 restricted stock units (RSUs) of Class A common stock on 17 June 2025 at a grant price of $0. The RSUs are subject to a single-cliff vesting schedule: 100% of the units vest on 17 June 2026, provided the director remains in service. After the award, Simeone now beneficially owns 37,806 shares, of which 16,543 are still unvested RSUs. No open-market purchases, sales, or derivative transactions were disclosed, indicating that this is a routine equity compensation grant rather than a signal of active trading activity.

Form 4 snapshot: On 06/17/2025 Bakkt Holdings, Inc. (BKKT) granted Director Michelle J. Goldberg 16,543 Class A restricted stock units (RSUs) under a zero-cost equity award (transaction code “A”). Each RSU converts into one share of Class A common stock once vested. The grant represents Goldberg’s only reported transaction for the period and does not involve any open-market purchase or sale of shares.

Post-transaction ownership: Following the award, the director’s total beneficial ownership rises to 37,608 Class A shares. Of this amount, the newly issued 16,543 RSUs remain unvested; they will vest 100 % on 06/17/2026 provided Goldberg continues to serve the company.

• The filing confirms that Goldberg’s ownership is held directly; no indirect or institutional vehicles are disclosed.
• No derivative securities (options, warrants, convertible instruments) were reported.
• The company has indicated that the award was made outside a Rule 10b5-1 trading plan.

Investor take-away: The grant modestly increases insider equity alignment but is immaterial to Bakkt’s share count and does not alter cash flow, earnings, or capital structure. No sales were recorded, so there is no signal of profit-taking or diminished insider confidence. The primary relevance is governance-related—retention and incentive alignment of a board member—rather than a fundamental valuation event.

Form 4 filing overview – Bakkt Holdings, Inc. (BKKT)

On 17 June 2025, director De'Ana Dow received an equity award consisting of 16,543 restricted stock units (RSUs) of Bakkt’s Class A common stock. Each RSU converts into one share once vested. The grant price is listed as $0, consistent with typical director compensation awards.

Following the award, Dow’s reported beneficial ownership rose to 39,271 shares, which the filing clarifies already includes the granted RSUs that remain unvested. According to the accompanying footnote, 100 % of the RSUs will vest on 17 June 2026, provided the director continues service through that date.

Key take-aways for investors

• No shares were sold; the transaction strictly increases insider exposure.
• The single-year vesting schedule suggests the grant primarily serves as an annual retainer rather than a long-term, performance-contingent incentive.
• This is a routine equity compensation event for a non-executive director and does not alter the company’s capital structure in a material way.

Because the transaction is small relative to Bakkt’s total shares outstanding and involves no cash outlay or sale of stock, the filing is considered neutral from a market-moving standpoint. It does, however, modestly align the director’s interests with those of shareholders by increasing her ownership stake.

Bakkt Holdings, Inc. (BKKT) – Form 4 insider filing shows director Gordon Watson received 20,679 restricted stock units (RSUs) on 17 Jun 2025. The RSUs carry an exercise price of $0 and convert 1-for-1 into Class A shares, subject to full vesting on 17 Jun 2026, provided continued service.

Following the grant, Watson’s total beneficial ownership rises to 46,910 Class A shares, of which 20,679 remain unvested. No dispositions or cash transactions were reported. The filing was signed on 20 Jun 2025 by attorney-in-fact Marc D’Annunzio.