Bakkt CEO Naheta receives 243,454 stock units

The RSUs vest in equal annual installments through 2028, contingent on the CEO’s continued employment.

Rhea-AI Filing Summary

Bakkt, Inc. CEO Akshay Sudhir Naheta received 243,454 restricted stock units (RSUs) on September 30, 2026, under the company's 2021 Omnibus Employee Incentive Plan. The RSUs vest in equal annual installments through 2028, subject to his continued employment; each represents a contingent right to receive one share of Class A common stock. His reported post-transaction position was 9,336,976 shares, including 803,856 performance stock units and 243,454 RSUs that remain subject to vesting conditions.

Insider Trade Summary

Grant/Award: 243,454 shares

Grant/Award 1 txn

Insider Naheta Akshay Sudhir

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock F1, F2, F3	243,454	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 9,336,976 shares (Direct)

Footnotes (3)

1. F1. Represents 243,454 restricted stock units ("RSUs") granted to the Reporting Person on September 30, 2026, under the Company's 2021 Omnibus Employee Incentive Plan. The RSUs shall vest in equal annual installments through 2028, subject to the Reporting Person's continued employment with the Company. Each RSU represents a contingent right to receive one share of the Company's Class A common stock.
2. F2. Includes 803,856 Performance Stock Units that remain subject to certain vesting conditions.
3. F3. Includes 243,454 Restricted Stock Units that remain subject to certain vesting conditions.

Key Figures

RSUs granted: 243,454 RSUs Reported post-transaction position: 9,336,976 shares Performance Stock Units: 803,856 units +1 more

4 metrics

RSUs granted 243,454 RSUs September 30, 2026

Reported post-transaction position 9,336,976 shares Following the September 30, 2026 transaction

Performance Stock Units 803,856 units Remain subject to certain vesting conditions

RSUs subject to vesting conditions 243,454 RSUs Included in the reported post-transaction position

Key Terms

restricted stock units, Performance Stock Units, vesting conditions, contingent right

4 terms

restricted stock units financial

"243,454 restricted stock units (“RSUs”) granted to the Reporting Person"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Performance Stock Units financial

"Includes 803,856 Performance Stock Units that remain subject to certain vesting conditions"

Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.

vesting conditions financial

"remain subject to certain vesting conditions"

Vesting conditions are the rules that determine when someone earning company stock or stock options actually gains the right to keep or sell them, typically based on staying with the company for a set time or meeting performance targets. Think of it like keys that unlock gradually — some unlock by calendar date, others only after agreed milestones. Investors care because vesting shapes management incentives, the timing of share sales, and the number of shares that can enter the market, which can affect a company's valuation and ownership mix.

contingent right financial

"Each RSU represents a contingent right to receive one share"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many RSUs did BKKT CEO Akshay Sudhir Naheta receive?

Akshay Sudhir Naheta received 243,454 RSUs on September 30, 2026, under Bakkt's 2021 Omnibus Employee Incentive Plan. Each RSU represents a contingent right to receive one share of Class A common stock.

When do BKKT CEO Akshay Sudhir Naheta's RSUs vest?

The 243,454 RSUs vest in equal annual installments through 2028, subject to Naheta's continued employment with Bakkt.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/02/2026 - 05:34 PM Accepted by SEC EDGAR 10/02/2026 - 05:34 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Naheta Akshay Sudhir

(Last) (First) (Middle)

3280 PEACHTREE ROAD NE

7TH FLOOR

(Street)

ATLANTA GEORGIA 30305

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Bakkt, Inc. [ BKKT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	09/30/2026		A		243,454(1)	A	$0	9,336,976(2)(3)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents 243,454 restricted stock units ("RSUs") granted to the Reporting Person on September 30, 2026, under the Company's 2021 Omnibus Employee Incentive Plan. The RSUs shall vest in equal annual installments through 2028, subject to the Reporting Person's continued employment with the Company. Each RSU represents a contingent right to receive one share of the Company's Class A common stock.

2. Includes 803,856 Performance Stock Units that remain subject to certain vesting conditions.

3. Includes 243,454 Restricted Stock Units that remain subject to certain vesting conditions.

Remarks:

	/s/ Akshay Sudhir Naheta	10/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)