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. (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.
Bakkt Holdings, Inc. (BKKT) reported insider equity activity by its CEO and President, Akshay Sudhir Naheta. On 11/12/2025, he exercised stock options and acquired 33,557 shares of Class A common stock at an exercise price of $10 per share, increasing his directly held position to 294,716 shares, which includes 11,426 restricted stock units scheduled to vest on March 21, 2026, subject to continued employment.
He also holds performance stock units covering 1,607,717 shares of Class A common stock. These PSUs may vest over a three-year performance period following March 21, 2025, based on the company’s stock price performance versus a $9.33 reference price, with specific tranches tied to 100% appreciation and additional 25% steps, and continued employment requirements. In addition, he holds options to purchase shares at $10 per share under a structure that commits him to exercise a portion each quarter over eight quarters, with detailed quarterly and lock-up conditions on early exercises.
Bakkt Holdings, Inc. (BKKT) reported that its General Counsel and Secretary, Marc D'Annunzio, exercised 1,677 stock options on 11/12/2025 at an exercise price of $10 per share, acquiring the same number of Class A common shares. Following this transaction, he directly beneficially owns 119,113 shares of Class A common stock, including 50,229 shares subject to restricted stock unit and performance stock unit awards that must still vest.
The filing also shows 132,551 stock options remaining beneficially owned, with an exercise price of $10 and a structured schedule under which one-eighth of the options is tied to quarterly “Committed Options” and related “Optional Exercise Options,” subject to defined exercise periods, forfeiture conditions, and lock-up constraints on certain early-exercised shares.
Bakkt Holdings, Inc. (BKKT) Chief Operating Officer Nicholas Baes reported exercising stock options for 671 shares of Class A common stock at an exercise price of $10 per share on November 12, 2025, in a transaction coded "M" (option exercise). After this transaction, he beneficially owned 106,143 shares of Class A common stock, including 96,143 shares subject to restricted stock units that are still vesting.
The exercised options are part of a larger grant of stock options awarded on July 29, 2025, which became effective after shareholder approval on October 31, 2025. Following the reported exercise, 53,020 stock options remain beneficially owned. The option grant has a structured quarterly exercise schedule over eight quarters, with required “Committed Options” each quarter and additional “Optional Exercise Options” that may be exercised over a one-year period, subject to lock-up conditions if exercised early.
Bakkt Holdings, Inc. reported an insider equity transaction by its Chief Financial Officer. On 11/12/2025, the CFO exercised stock options and acquired 335 shares of Class A Common Stock at a price of $10 per share. After this transaction, the reporting person beneficially owned 69,620 shares of Class A Common Stock, which includes 50,229 shares subject to restricted stock units and performance stock units that are still subject to vesting.
The transaction involved stock options granted on July 29, 2025, which became effective following shareholder approval obtained on October 31, 2025. These options are structured as a commitment to exercise a predetermined number of options each quarter over eight quarters, with specific quarterly exercise periods and additional lock-up conditions for certain early exercises.
Bakkt Holdings, Inc. reported two board resignations and changes to its CEO equity award. On November 8, 2025, Michelle Goldberg resigned, and on November 7, 2025, Jill Simeone resigned; both departures were effective immediately and not due to any disagreement with the company. In recognition of service during the current annual cycle, 16,543 of each director’s unvested RSUs vested.
On November 13, 2025, the Compensation Committee amended CEO Akshay Naheta’s performance-based RSUs to vest on the date performance conditions are achieved (the “Achievement Date”), subject to continued employment through that date, regardless of whether it is at least one year from grant. The related amended agreements were executed on November 14, 2025.
Bakkt Holdings (BKKT) received an amended Schedule 13G showing passive ownership by Citadel-affiliated entities and Kenneth Griffin. Kenneth Griffin may be deemed to beneficially own 425,943 Shares (2.7%). Citadel Securities LLC may be deemed to beneficially own 397,678 Shares (2.5%), while Citadel Advisors LLC, Citadel Advisors Holdings LP, and Citadel GP LLC may be deemed to beneficially own 28,265 Shares (0.2%). The percentages are based on 15,962,402 Shares outstanding, comprised of 15,934,137 Shares outstanding as of September 3, 2025 and 28,265 Shares issuable upon conversion of certain warrants. The filing states the securities were not acquired for the purpose of changing or influencing control, and all listed parties report shared voting and dispositive power over their respective amounts.