Alpine Fox LP boosts Bakkt (BKKT) stake with 585,000-share open-market buy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bakkt, Inc. director Michael Alfred reported indirect open-market purchases of a total of 585,000 shares of Class A Common Stock through Alpine Fox LP at weighted-average prices of about $8.20 and $8.34 per share on May 15 and May 18, 2026. Following these transactions, Alpine Fox LP holds 625,000 shares indirectly, and Alfred also has 28,476 directly held shares subject to RSUs that remain subject to vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 585,000 shares ($4,848,100)
Net Buy
3 txns
Insider
ALFRED MICHAEL
Role
null
Bought
585,000 shs ($4.85M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock | 220,000 | $8.20 | $1.80M |
| Purchase | Class A Common Stock | 365,000 | $8.34 | $3.04M |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 625,000 shares (Indirect, By Alpine Fox LP);
Class A Common Stock — 28,476 shares (Direct, null)
Footnotes (1)
- Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $7.91 to $8.63, inclusive. Represents shares of the issuer's Class A Common Stock held through Alpine Fox LP, over which the reporting person has control. Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $7.98 to $8.93, inclusive. Includes 28,476 shares of Class A Common Stock subject to RSUs that remains subject to vesting, provided that the reporting person continues to provide service to the issuer.
Key Figures
Open-market purchase 1: 220,000 shares at $8.20
Open-market purchase 2: 365,000 shares at $8.34
Total shares bought: 585,000 shares
+2 more
5 metrics
Open-market purchase 1
220,000 shares at $8.20
Indirect Class A Common Stock buy on May 18, 2026
Open-market purchase 2
365,000 shares at $8.34
Indirect Class A Common Stock buy on May 15, 2026
Total shares bought
585,000 shares
Net open-market purchases reported in this Form 4
Indirect holdings after trades
625,000 shares
Class A Common Stock held through Alpine Fox LP after transactions
Direct RSU-linked shares
28,476 shares
Class A Common Stock subject to RSUs that remain subject to vesting
Key Terms
Class A Common Stock, open-market purchase, RSUs, indirect ownership, +1 more
5 terms
Class A Common Stock financial
"Reports transactions in Bakkt, Inc. Class A Common Stock, including indirect holdings."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
open-market purchase financial
"The transactions are characterized as open-market purchase of Class A Common Stock."
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
RSUs financial
"Includes 28,476 shares of Class A Common Stock subject to RSUs that remain subject to vesting."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
indirect ownership financial
"Shares are held indirectly through Alpine Fox LP, reflecting indirect ownership."
weighted-average price financial
"Footnotes describe a weighted-average price across multiple transactions within stated ranges."
FAQ
What did Bakkt (BKKT) director Michael Alfred report in this Form 4?
Michael Alfred reported indirect open-market purchases of Bakkt Class A Common Stock through Alpine Fox LP. The filing shows recent buying activity rather than sales, with detailed share counts, prices, and resulting ownership positions disclosed for transparency.
What are Michael Alfred’s Bakkt (BKKT) holdings after these transactions?
After the reported purchases, Alpine Fox LP holds 625,000 shares of Bakkt Class A Common Stock indirectly controlled by Michael Alfred. He also has 28,476 shares directly, subject to RSUs that continue to vest based on ongoing service to the company.
Were the Bakkt (BKKT) transactions direct or through an entity?
The purchases were made indirectly through Alpine Fox LP, which holds the Bakkt Class A shares. A footnote states these shares are held through Alpine Fox LP, over which Michael Alfred has control, distinguishing entity-held from directly held shares.
What does the Form 4 say about Bakkt (BKKT) RSUs held by Michael Alfred?
The Form 4 notes that 28,476 shares of Class A Common Stock are subject to RSUs. These RSUs remain subject to vesting conditions that require Michael Alfred to continue providing service to Bakkt for the shares to fully vest.