Bakkt director buys 280,000 shares in open market
Bakkt, Inc. director Michael Alfred increased his indirect stake through open-market purchases of Class A common stock.
Rhea-AI Filing Summary
Bakkt, Inc. director Michael Alfred increased his indirect stake through open-market purchases of Class A common stock. On June 9, an affiliated limited partnership bought 180,000 shares at an average price of $7.71 per share. On June 10, it bought another 100,000 shares at an average of $7.83 per share. Following these transactions, the partnership holds 905,000 shares indirectly controlled by Alfred. He also has a direct holding of 28,476 shares of Class A common stock subject to RSUs that remain unvested and depend on continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 280,000 shares
Net Buy
3 txns
Insider
ALFRED MICHAEL
Role
Director
Bought
280,000 shs ($2.17M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock | 100,000 | $7.83 | $783K |
| Purchase | Class A Common Stock | 180,000 | $7.71 | $1.39M |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 905,000 shares (Indirect, By Limited Partnership);
Class A Common Stock — 28,476 shares (Direct)
Footnotes (4)
- F1. Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $7.52 to $7.96, inclusive.
- F2. Represents shares of the issuer's Class A Common Stock held through Alpine Fox LP, over which the reporting person has control.
- F3. Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $7.61 to $7.99, inclusive.
- F4. Represents 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: 180,000 shares at $7.71
Open-market purchase 2: 100,000 shares at $7.83
Total shares bought: 280,000 shares
+3 more
6 metrics
Open-market purchase 1
180,000 shares at $7.71
Class A Common Stock bought on June 9, 2026
Open-market purchase 2
100,000 shares at $7.83
Class A Common Stock bought on June 10, 2026
Total shares bought
280,000 shares
Net open-market purchases in this Form 4
Indirect holdings after trades
905,000 shares
Class A Common Stock held via Alpine Fox LP after June 10, 2026
Unvested RSU shares
28,476 shares
Class A Common Stock subject to RSUs, still vesting
Net buy direction
280,000 shares net-buy
Transaction summary across reported non-derivative trades
Key Terms
open-market purchase, Class A Common Stock, restricted stock units (RSUs), indirect ownership, +1 more
5 terms
open-market purchase financial
"transaction_action is listed as "open-market purchase" for the buy trades"
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.
Class A Common Stock financial
"security_title is stated as "Class A Common Stock" for all entries"
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.
restricted stock units (RSUs) financial
"footnote F4 describes 28,476 shares as Class A Common Stock subject to RSUs"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
indirect ownership financial
"ownership_type is "indirect" for shares held "By Limited Partnership""
weighted-average price financial
"footnotes F1 and F3 refer to a "weighted-average price" for the trades"
Weighted-average price is the average of multiple prices where each price is counted according to its size or importance—larger trades carry more weight than smaller ones, like averaging course grades by credit hours. It matters to investors because it gives a more realistic picture of the true price paid or received, helping assess trade execution, compare performance, calculate cost basis, and value positions more accurately than a simple average.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Bakkt (BKKT) director Michael Alfred report?
Michael Alfred reported two open-market purchases of Bakkt Class A common stock totaling 280,000 shares. These trades occurred on June 9 and June 10, increasing his indirect holdings through a limited partnership that he controls.
What are Michael Alfred’s Bakkt (BKKT) holdings after these Form 4 transactions?
After the reported transactions, an affiliated limited partnership controlled by Michael Alfred holds 905,000 Bakkt shares indirectly. In addition, he directly holds 28,476 shares of Class A common stock that are subject to vesting as restricted stock units.
What does the RSU holding disclosed in the Bakkt (BKKT) Form 4 mean?
The Form 4 notes 28,476 shares of Bakkt Class A common stock subject to RSUs. These restricted stock units will vest only if Michael Alfred continues providing service to Bakkt, meaning the shares are not yet fully earned or freely tradable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
