Welcome to our dedicated page for Bakkt SEC filings (Ticker: BKKT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Bakkt, Inc. filings document the regulatory record of a public financial technology company focused on digital asset and programmable finance infrastructure. Its SEC disclosures cover operating and financial results, Regulation FD materials, shareholder letters, material-event reports, and securities registered for trading, including Class A common stock and warrants.
Bakkt’s proxy and 8-K filings also address governance matters, executive compensation, shareholder voting items, share-issuance approvals, material agreements, and capital-structure actions such as an at-the-market equity program. The filing record includes notices related to annual-report timing and formal disclosures tied to special meetings, securities issuance mechanics, and public-company reporting obligations.
Bakkt Holdings, Inc., through its wholly owned subsidiary Bakkt Opco Holdings, LLC, has completed the previously announced sale of its loyalty and travel redemption business to Project Labrador Holdco, LLC under an amended equity purchase agreement. At closing on October 1, 2025, Opco transferred the equity of the acquired entities and delivered cash of $18,876,950, calculated from an agreed base amount plus working capital, indebtedness and expenses adjustments, net of certain deductions. Opco also funded a total escrow of $2,500,000 to cover indemnity, working capital and indebtedness adjustments, and loaned approximately $5,000,000 in restricted cash to the purchaser via unsecured subordinated promissory notes to support obligations of the acquired entities. Future payments between the parties will depend on post-closing working capital tests, escrow releases and repayment of the notes.
Alfred Michael, identified as a director of Bakkt Holdings, Inc. (BKKT), filed an amended Form 3 reporting beneficial ownership positions. The filing shows 19,337 restricted stock units (RSUs) held directly, each representing a contingent right to one Class A share that will vest 100% on June 17, 2026 if service continues. The filing also reports 40,000 Class A shares held indirectly through Alpine Fox LP, over which Mr. Michael has control but disclaims beneficial ownership except to the extent of his pecuniary interest. The event date is 09/17/2025 and the amendment was signed 09/29/2025.
Bakkt Holdings, Inc. insider Nicholas Baes, the company's Chief Operating Officer, reported a Form 4 disclosing a tax-withholding disposition tied to RSU vesting. On 09/25/2025, 810 shares of Class A Common Stock were withheld to satisfy tax withholding obligations related to RSUs that vested on 09/24/2025; the withholding used the closing share price on 09/24/2025. After the withholding, Mr. Baes beneficially owns 105,472 shares, which includes 96,143 shares underlying RSUs that remain subject to vesting. The Form 4 was signed on 09/29/2025 by Paul Simmons as attorney-in-fact.
Bakkt Holdings, Inc. (BKKT) Form 3: Michael Alfred, a company director, reported ownership on an event dated 09/17/2025. He holds 15,469 restricted stock units that convert to Class A common shares and vest 100% on June 17, 2026 if he remains in service. He also reports 40,000 Class A shares held indirectly through Alpine Fox LP, over which he has control but disclaims beneficial ownership except for his pecuniary interest. Form signed by Paul Simmons as attorney-in-fact on 09/26/2025.
Bakkt Holdings, Inc. reported that on September 17, 2025, director De’Ana Dow resigned from the Board and the Audit and Risk Committee, effective immediately. The company stated that her resignation was not due to any disagreement regarding operations, policies, or practices. In recognition of her service in the current director compensation cycle, 10,500 unvested RSUs from that cycle vested on her separation date.
The Board simultaneously appointed Michael Alfred as a Class II director to fill the vacancy. The Board determined that he is independent under New York Stock Exchange rules. He will receive the company’s standard non-employee director compensation, as described in Bakkt’s 2025 proxy statement. Bakkt will also enter into an Indemnification Agreement with Mr. Alfred, based on a previously filed form, to protect him against certain liabilities arising from his Board service.
Bakkt Holdings, Inc. redeemed the remaining principal on its 0.00% convertible debenture due June 18, 2026. On September 15, 2025, the company paid $7,875,000, which covered the outstanding principal of $7,500,000 plus a 5% payment premium, fully retiring the debenture.
The debenture originally had a principal balance of $25 million, sold in a private placement to YA II PN, LTD. Before redemption, the investor had converted $17,500,000 of principal into Bakkt Class A common stock.
Bakkt Holdings, Inc. is soliciting shareholder approval for a one-time grant of stock options to select management (the "Options Proposal") allowing purchase of up to 7,450,000 shares of Class A Common Stock. The Options are structured as quarterly committed exercises over eight quarters at an exercise price of $10.00 per share, which the document states reflects fair market value on the grant date and is higher than the closing trading price on the record date of $8.59. If a grantee fails to exercise committed Options in any quarter, remaining Options are forfeited; grantees must personally fund exercises. The Compensation Committee, with outside valuation input, approved the grant as a means to align management and stockholder interests. The proxy also describes meeting logistics, voting procedures, the Board’s recommendation to vote FOR the Options Proposal and an Adjournment Proposal, and disclosure timing via Form 8-Ks after the Special Meeting.
Karen Alexander, Chief Financial Officer of Bakkt Holdings, Inc. (BKKT), reported a Form 4 disclosing a transaction dated 08/28/2025. The filing shows 483 shares of Class A Common Stock were disposed of under code F at a reported price of $8.89 per share. The filing states these shares were withheld to satisfy tax withholding obligations arising from the vesting of restricted stock units (RSUs) on 08/26/2025, with the withholding amount based on the closing price that day. After the transaction, the reporting person beneficially owns 69,285 shares, which includes 50,229 shares that remain subject to vesting as RSUs and performance stock units. The Form 4 was signed by an attorney-in-fact on 08/29/2025.
Bakkt Holdings outlines several steps in its shift to a pure-play crypto infrastructure business. It highlights its previously announced acquisition of approximately 30% of Marusho Hotta in Japan, where a shareholder meeting expected in October 2025 will consider changing MHT’s corporate purpose and issuing preferred stock and warrants.
On August 26, 2025, Bakkt was notified that platform partner Public Platform LLC will begin offboarding customers, targeting October 31, 2025; Public accounted for 9.4% of crypto services revenue in 2024 and 14.5% for the six months ended June 30, 2025. Bakkt also reiterates progress toward selling its loyalty and travel redemption business to DTR in the third quarter of 2025.
Lastly, Bakkt signed a nonbinding letter of intent with ICE Digital Trust for custody of digital assets in its corporate treasury and to potentially resell IDT’s custody services to third parties, subject to regulatory approval.
Insider purchases and equity awards at Bakkt Holdings, Inc. (BKKT) — The reporting person, Akshay Naheta (CEO and President and director), purchased a total of 180,000 shares in open-market transactions on 08/21/2025 and 08/22/2025 at weighted-average prices of $8.1815, $7.9973, and $8.5463, bringing his direct beneficial ownership to 191,426 Class A shares (including 11,426 RSUs).
The filing also discloses an inducement grant of 1,607,717 performance stock units (PSUs) exercisable for Class A shares, vesting over a three-year performance period beginning 03/21/2025 and contingent on achieving specified rolling 90-day VWAP stock-price targets, including a 100% increase above a $9.33 reference price for initial vesting.