Bakkt COO exercises options for 671 shares
Bakkt, Inc. Chief Operating Officer Nicholas Baes exercised stock options to acquire 671 shares of Class A Common Stock at $10.00 per share.
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Form Type
4
Rhea-AI Filing Summary
Bakkt, Inc. Chief Operating Officer Nicholas Baes exercised stock options to acquire 671 shares of Class A Common Stock at $10.00 per share. After the transaction, he directly holds 106,937 Class A shares, including 69,988 shares subject to unvested RSU awards, and 52,349 stock options remain outstanding under the referenced option grant.
Insider Trade Summary
671 shares exercised/converted
Exercise
2 txns
Insider
Baes Nicholas
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 671 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 671 | $10.00 | $7K |
Holdings After Transaction:
Stock Option (right to buy) — 52,349 contracts (Direct);
Class A Common Stock — 106,937 shares (Direct)
Footnotes (2)
- F1. Includes 69,988 shares of Class A Common Stock subject to RSU awards that remain subject to vesting.
- F2. Represent stock options to purchase shares of the Issuer's Class A Common Stock ("Options") granted on July 29, 2025. The Options are a commitment by the grantee to exercise a predetermined number of Options every quarter for eight quarters (the "Committed Options") at an exercise price per share equal to $10,00, which reflects the fair market value of a share of Class A Common Stock on the grant date. If the reporting person does not exercise the Committed Options in any quarter, then all remaining Options are forfeited. One-eighth of the Options will become exercisable each quarter (each, a "Quarterly Tranche"). The Committed Options are exercisable over a two-day period in the applicable quarter (the "Exercise Period"); provided that if the Exercise Period for a Quarterly Tranche occurs during a blackout period, then such Exercise Period shall instead be the next quarterly Exercise Period.
Key Figures
Options exercised: 671 shares
Exercise price: $10.00 per share
Shares held after: 106,937 shares
+2 more
5 metrics
Options exercised
671 shares
Class A Common Stock acquired via option exercise
Exercise price
$10.00 per share
Strike price of exercised stock options
Shares held after
106,937 shares
Direct Class A holdings following transaction
Remaining options
52,349 options
Stock options outstanding after this exercise
Unvested RSU-linked shares
69,988 shares
Class A shares subject to RSU awards still vesting
Key Terms
RSU awards, Stock Option (right to buy), Quarterly Tranche, blackout period, +1 more
5 terms
RSU awards financial
"Includes 69,988 shares of Class A Common Stock subject to RSU awards that remain subject to vesting."
RSU awards are promises by a company to give employees actual shares of stock (or cash equal to their value) after certain conditions are met, typically continued employment over a set period or hitting performance goals. Think of them like stock paid in installments that become yours over time; they matter to investors because they affect future share count, executive incentives and company expenses, which can dilute existing shareholders and influence management decisions.
Stock Option (right to buy) financial
"Stock Option (right to buy) reported as a derivative security with an exercise price."
Quarterly Tranche financial
"One-eighth of the Options will become exercisable each quarter (each, a "Quarterly Tranche")."
blackout period financial
"If the Exercise Period for a Quarterly Tranche occurs during a blackout period, then such Exercise Period shall instead be the next quarterly Exercise Period."
A blackout period is a temporary window when company insiders, employees or certain plan participants are barred from buying or selling the company’s stock, usually around earnings releases or other material events. It matters to investors because it reduces the risk of unfair trading based on secret information and can affect share liquidity and timing—think of it as a “no trading” zone set to keep the market fair and orderly.
Exercise Period financial
"The Committed Options are exercisable over a two-day period in the applicable quarter (the "Exercise Period")."
The exercise period is the fixed span of time during which the holder of an option or warrant can turn that contract into shares by paying the agreed strike price. Like a coupon with an expiration date, it sets a deadline for claiming the underlying stock; after it ends the right expires and is lost. For investors, the length and timing of the exercise period affect when shares may be acquired, the flexibility to act, and the contract’s practical value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Bakkt (BKKT) COO Nicholas Baes report?
Nicholas Baes reported exercising stock options to acquire 671 shares of Bakkt Class A Common Stock at $10.00 per share. This was an option exercise, not an open-market purchase or sale.
What is the strike price of the Bakkt (BKKT) options exercised by Nicholas Baes?
The exercised stock options had an exercise price of $10.00 per share. Exercising these options allowed Nicholas Baes to receive 671 Class A shares at that fixed price.
How many Bakkt (BKKT) stock options remain for Nicholas Baes after this transaction?
Following the reported exercise, 52,349 stock options remain outstanding for Nicholas Baes under the disclosed grant. These options relate to Bakkt’s Class A Common Stock and continue to be held directly.
Does Nicholas Baes have unvested RSUs in Bakkt (BKKT)?
Yes. The filing notes that 69,988 shares of Bakkt Class A Common Stock are subject to RSU awards that remain subject to vesting. These RSUs represent additional potential future share deliveries.
Were the Bakkt (BKKT) insider transactions open-market buys or sells?
No. The Form 4 shows derivative code “M,” indicating an exercise or conversion of stock options. There were no reported open-market purchases or sales in this transaction set.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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