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.
The Bakkt Holdings, Inc. (NYSE: BKKT) SEC filings page provides direct access to the company’s regulatory disclosures, along with AI-powered tools to help interpret them. Bakkt is a digital asset infrastructure company founded in 2018 and headquartered in New York, New York, with a focus on Bitcoin, tokenization, stablecoin payments, and AI-driven finance. Its filings with the U.S. Securities and Exchange Commission offer detailed insight into how it structures its business, manages risk, and executes its transformation strategy.
Through its periodic and current reports, investors can review Bakkt’s financial results, segment framing, and commentary on its transition to a pure-play digital asset infrastructure platform. Form 10-Q and 10-K filings describe revenue drivers tied to crypto market activity, operating expenses, and the impact of its digital asset and treasury strategies, while also outlining extensive risk factors related to digital assets, stablecoins, and regulatory developments.
Bakkt’s Form 8-K filings highlight material events such as the completion of its capital structure simplification, the holding company reorganization that created a new Bakkt Holdings, Inc. as successor registrant, and its agreement to acquire Distributed Technologies Research Ltd. Additional 8-Ks detail board and executive changes, earnings call materials, and selective strategic investments, including warrant subscriptions in international counterparties.
On this page, users can also monitor specialized filings, such as Form 12b-25 notifications regarding filing timing and Form 15 filings related to the deregistration of the predecessor entity in connection with the reorganization. AI-powered summaries help explain complex sections of lengthy documents, highlight key changes across reporting periods, and surface information on topics like capital structure, digital asset holdings, and governance. For those researching insider activity and equity-linked instruments, access to filings covering warrants and registration rights agreements provides additional context around Bakkt’s equity and financing arrangements.
Bakkt Holdings, Inc. director Richard Galvin reported his beneficial ownership of the company’s equity. He holds 6,654 shares of Class A common stock, reported as directly owned.
The filing explains that these holdings consist of restricted stock units (RSUs), with each RSU representing a right to receive one share of Class A common stock. All of the RSUs are scheduled to vest on June 17, 2026, provided Mr. Galvin continues to provide service to Bakkt through that date. The ownership report reflects his status as a director and a single reporting person.
Bakkt Holdings, Inc. director Michael Alfred reported a new equity award on a Form 4. On 11/19/2025, he acquired 9,000 shares of Class A common stock in the form of restricted stock units (RSUs) at a stated price of $0. Each RSU represents a right to receive one share of Class A common stock, and 100% of these RSUs are scheduled to vest on November 9, 2026, if he continues to provide service to the company through that date.
After this grant, Alfred is shown as beneficially owning 28,476 shares of Class A common stock directly, including shares subject to RSUs that are still unvested. He is also reported as indirectly holding 40,000 shares of Class A common stock through Alpine Fox LP, over which he has control, while disclaiming beneficial ownership beyond his economic interest.
Bakkt Holdings, Inc. reported that on November 21, 2025 it elected to subscribe to 47,500,000 warrants to be issued by Transchem Ltd., an Indian company listed on BSE Ltd. The purchase price for these warrants is approximately $10 million.
The warrants may be exercised for shares of Transchem common stock within 18 months of issuance, in one or more tranches, and the investment also includes an option for Bakkt to subscribe for additional warrants. Transchem has told Bakkt it has identified a potential acquisition target in India engaged in stock broking and registered with the Securities and Exchange Board of India as both a stockbroker and a depository participant.
Bakkt states that, subject to definitive agreements, shareholder and regulatory approvals and other customary closing conditions, it expects to provide further updates on the structure of the investment, any potential corporate name change or rebranding, and expected changes to management and governance.
Bakkt Holdings, Inc. (BKKT) CEO and President Akshay Naheta reported the vesting of 803,861 performance stock units into Class A Common Stock on November 14, 2025 at a price of $0 per share. Following this transaction, he beneficially owned 1,098,577 shares of Class A Common Stock, which includes 11,426 restricted stock units scheduled to vest on March 21, 2026, subject to continued employment.
The filing also notes an inducement grant of performance stock units tied to stock price performance relative to a $9.33 reference price, with 803,861 of these units vesting after stock price conditions were met. In addition, Naheta holds stock options covering 1,308,725 shares of Class A Common Stock at an exercise price of $10 per share, structured in quarterly tranches with specific exercise and forfeiture mechanics.
Bakkt Holdings, Inc. (BKKT) insider Akshay Sudhir Naheta filed Amendment No. 1 to his Schedule 13D, updating his beneficial ownership in Bakkt’s Class A Common Stock. He now reports beneficial ownership of 3,199,732 shares, representing 11.9% of the Class A common stock, based on 26,989,085 shares outstanding including his options and PSUs.
The position consists of 249,733 shares of Class A stock, options to acquire 1,342,282 shares, and 1,607,717 shares tied to performance-based stock units, of which 803,861 PSUs have vested. The amendment states it is being filed due to an increase in Bakkt’s total outstanding shares, rather than new transactions by Naheta.
The filing also details Naheta’s employment terms, option exercise schedule, RSU and PSU grants, and a Cooperation Agreement involving DTR that includes put and call options under which Naheta could receive a significant additional equity stake if certain payment-processing and transaction conditions are met.
Bakkt Holdings, Inc. (BKKT) reported an insider equity transaction by CEO, President and Director Akshay Sudhir Naheta. On 11/14/2025, 803,861 performance stock units vested and were settled in shares of Class A Common Stock at a reported price of $0, increasing his directly held stake to 1,098,577 shares, including 11,426 restricted stock units that are scheduled to vest on March 21, 2026, subject to continued employment.
The vested performance stock units are part of an inducement grant that can vest over a three-year performance period starting March 21, 2025, based on the stock’s 90-day volume-weighted average price appreciating at least 100% above a $9.33 reference price, with additional vesting in set tranches for further stock price appreciation. The filing also reflects stock options covering 1,308,725 shares of Class A Common Stock at an exercise price of $10 per share, structured in quarterly tranches with specific exercise and lock-up conditions.
Bakkt Holdings, Inc. (BKKT) reported an insider equity update for its General Counsel & Secretary, following an equity-related tax withholding transaction.
On November 14, 2025, 495 shares of Class A Common Stock were withheld at a price of $21.61 to cover tax obligations tied to an option exercise. After this, the reporting person beneficially owned 118,618 Class A shares, including 50,229 shares subject to restricted stock units and performance stock units that are still vesting. The filing also shows outstanding stock options for 132,551 Class A shares at a $10 exercise price, granted on July 29, 2025, with a structured quarterly exercise and forfeiture schedule tied to shareholder-approved terms.
Bakkt Holdings, Inc. (BKKT) reported an insider equity transaction by its Chief Operating Officer, Nicholas Baes. On 11/14/2025, 198 shares of Class A common stock were withheld by the company at a price of $21.61 per share to cover tax obligations arising from an option exercise. Following this, Baes beneficially owned 105,945 shares of Class A common stock, including 96,143 shares subject to restricted stock units that are still vesting.
Baes also holds stock options covering 53,020 shares of Class A common stock at a $10 exercise price. These options were granted on 07/29/2025, became effective after shareholder approval on 10/31/2025, and are structured to become exercisable in eight quarterly tranches, with a required committed portion each quarter and additional optional portions subject to specific exercise periods and lock-up terms.
Bakkt Holdings, Inc. (BKKT) filed a Form 4 for its Chief Financial Officer, Karen Alexander. On 11/14/2025, 121 shares of Class A common stock were withheld at a price of $21.61 to cover tax obligations arising from an option exercise on November 12, 2025. After this transaction, Alexander beneficially owns 69,499 shares of Class A common stock.
The ownership figure includes 50,229 shares subject to restricted stock units and performance stock units that are still subject to vesting. Alexander also holds stock options with an exercise price of $10 per share covering 26,511 shares of Class A common stock. These options were granted on July 29, 2025, became effective after shareholder approval on October 31, 2025, and follow a structured quarterly exercise schedule with specific "committed" and "optional" tranches and related blackout and lock-up provisions.