Bakkt counsel exercises options for 1,677 shares
Bakkt, Inc. General Counsel & Secretary Marc D'Annunzio exercised stock options for 1,677 shares of Class A common stock at $10.00 per share.
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Form Type
4
Rhea-AI Filing Summary
Bakkt, Inc. General Counsel & Secretary Marc D'Annunzio exercised stock options for 1,677 shares of Class A common stock at $10.00 per share. After the transaction, he directly holds 111,736 common shares, which include 14,861 shares tied to restricted and performance stock unit awards that are still subject to vesting.
Insider Trade Summary
1,677 shares exercised/converted
Exercise
2 txns
Insider
D'Annunzio Marc
Role
General Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 1,677 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 1,677 | $10.00 | $17K |
Holdings After Transaction:
Stock Option (right to buy) — 130,874 contracts (Direct);
Class A Common Stock — 111,736 shares (Direct)
Footnotes (2)
- F1. Includes 14,861 shares of Class A Common Stock subject to restricted stock units and performance stock units 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: 1,677 shares
Exercise price: $10.00 per share
Shares held after transaction: 111,736 shares
+3 more
6 metrics
Options exercised
1,677 shares
Class A Common Stock acquired via option exercise on May 15, 2026
Exercise price
$10.00 per share
Stock option exercise price for 1,677 underlying shares
Shares held after transaction
111,736 shares
Direct Class A Common Stock holdings following the Form 4 transaction
Unvested RSU/PSU shares
14,861 shares
Class A Common Stock subject to restricted and performance stock unit vesting
Options outstanding after
130,874 options
Stock options to purchase Class A Common Stock remaining after the exercise
Transaction code
M
Indicates exercise or conversion of derivative security on Form 4
Key Terms
restricted stock units, performance stock units, Quarterly Tranche, Exercise Period, +1 more
5 terms
restricted stock units financial
"Includes 14,861 shares of Class A Common Stock subject to restricted stock units and performance stock units awards"
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
"subject to restricted stock units and performance stock units awards that remain subject to vesting"
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.
Quarterly Tranche financial
"One-eighth of the Options will become exercisable each quarter (each, a "Quarterly Tranche")."
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.
blackout period regulatory
"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."
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Bakkt (BKKT) disclose for Marc D'Annunzio?
Bakkt disclosed that General Counsel & Secretary Marc D'Annunzio exercised stock options for 1,677 Class A common shares at $10.00 per share. This was an option exercise, not an open-market purchase or sale, and increased his directly held common stock position.
What was the exercise price of the Bakkt (BKKT) options exercised?
The exercised stock options had an exercise price of $10.00 per share for 1,677 underlying Bakkt Class A common shares. The options are part of a structured grant that requires exercising a predetermined number of options each quarter over eight quarters, according to the footnote description.
What does the Bakkt (BKKT) Form 4 say about D'Annunzio’s remaining stock options?
After the transaction, Marc D'Annunzio has 130,874 stock options outstanding, each representing the right to buy one Bakkt Class A common share. Footnotes describe these options as granted in quarterly tranches, with a commitment to exercise a set number each quarter over eight quarters.
Was this Bakkt (BKKT) insider transaction an open-market buy or sell?
No. The Form 4 classifies the transaction with code M, indicating an exercise or conversion of a derivative security. It reflects exercising stock options to acquire 1,677 shares, rather than buying or selling shares in the open market through a traditional purchase or sale transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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