Was the Bakkt (BKKT) insider sale a discretionary trade or tax-related?

The sale was tax-related. A footnote explains the 349 shares were sold to cover tax obligations arising from the vesting of restricted stock units, indicating this was a mechanistic tax withholding event rather than a discretionary portfolio decision.

What price was received per share in the Bakkt (BKKT) insider sale?

The reported sale price was $7.93 per share for 349 shares of Bakkt Class A Common Stock. This price is shown as the transaction price per share for the tax-related sale tied to vested restricted stock units.

Bakkt CAO sells 349 shares in tax-related trade

Bakkt, Inc. Chief Accounting Officer Joseph Sean-Walsh reported an open-market sale of 349 shares of Class A Common Stock at $7.93 per share.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

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Form Type

Rhea-AI Filing Summary

Bakkt, Inc. Chief Accounting Officer Joseph Sean-Walsh reported an open-market sale of 349 shares of Class A Common Stock at $7.93 per share. According to the filing, this sale was made to cover tax obligations related to vesting restricted stock units. Following the transaction, he holds 13,048 shares directly, including 2,904 shares subject to restricted stock units that are still vesting.

Insider Trade Summary

Net Seller: 349 shares

Net Sell 1 txn

Insider Henderson Joseph Sean-Walsh

Role Chief Accounting Officer

Sold 349 shs ($3K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	349	$7.93	$3K

Holdings After Transaction: Class A Common Stock — 13,048 shares (Direct)

Footnotes (2)

F1. Represents sale to cover tax obligations associated with the vesting of restricted stock units.
F2. Includes 2,904 shares of Class A Common Stock subject to restricted stock units that remain subject to vesting.

Key Figures

Shares sold: 349 shares Sale price per share: $7.93 per share Shares held after transaction: 13,048 shares +1 more

4 metrics

Shares sold 349 shares Class A Common Stock, open-market sale on 2026-06-25

Sale price per share $7.93 per share Tax-related sale to cover RSU vesting obligations

Shares held after transaction 13,048 shares Direct holdings following the reported sale

Unvested RSU-linked shares 2,904 shares Class A Common Stock underlying restricted stock units still vesting

Key Terms

restricted stock units, Class A Common Stock, open-market sale, tax obligations

4 terms

restricted stock units financial

"Represents sale to cover tax obligations associated with the vesting of restricted stock units."

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.

Class A Common Stock financial

"Class A Common Stock, open-market sale on 2026-06-25"

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 sale financial

"transaction_action: open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

tax obligations financial

"sale to cover tax obligations associated with the vesting of restricted stock units."

FAQ

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

What insider transaction did Bakkt (BKKT) report in this Form 4?

Bakkt’s Chief Accounting Officer Joseph Sean-Walsh reported selling 349 shares of Class A Common Stock at $7.93 per share. The filing states the sale was specifically to cover tax obligations from vesting restricted stock units.

How many Bakkt (BKKT) shares does the insider hold after this transaction?

After the sale, Joseph Sean-Walsh directly holds 13,048 shares of Bakkt Class A Common Stock. This total includes 2,904 shares underlying restricted stock units that remain subject to vesting conditions rather than being fully unrestricted shares.

Does the Bakkt (BKKT) Form 4 show any option exercises or derivative trades?

No derivative transactions are shown. The Form 4 reflects only a single non-derivative transaction involving Class A Common Stock, and the derivativeSummary section in the data is empty, indicating no option exercises or similar activity in this filing.

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

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Accepted by SEC EDGAR 06/29/2026 - 06:19 PM EDT

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^*

Henderson Joseph Sean-Walsh

(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 Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/25/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	06/25/2026		S		349⁽¹⁾	D	$7.93	13,048⁽²⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents sale to cover tax obligations associated with the vesting of restricted stock units.

2. Includes 2,904 shares of Class A Common Stock subject to restricted stock units that remain subject to vesting.

Remarks:

	Joseph Henderson	06/29/2026
	** 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)

Source: View Original Filing on SEC EDGAR