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.
Highbridge Capital Management, LLC filed Amendment No. 1 to Schedule 13G reporting a passive beneficial ownership position in Bakkt Holdings, Inc. (BKKT). The filing lists 691,442 shares of Class A common stock beneficially owned, issuable upon exercise of warrants, representing 4.2% of the class.
Ownership percentages are based on 15,934,137 shares outstanding as of September 3, 2025, as disclosed in Bakkt’s definitive proxy statement. Highbridge reports sole voting and dispositive power over 691,442 shares and certifies the securities were acquired and are held in the ordinary course, not to change or influence control. The filing indicates ownership of 5% or less of the class.
Bakkt Holdings, Inc. (BKKT) officer Joseph Sean‑Walsh Henderson filed a Form 4 detailing two sales of Class A common stock. On 07/15/2025, he sold 95 shares at $18.75, noted as a sale to cover tax obligations from RSU vesting. On 11/12/2025, he sold 169 shares at $21.50.
Following these transactions, his directly held beneficial ownership changed from 13,566 shares after the July sale to 13,397 shares after the November sale. The filing notes this amount includes 13,397 shares subject to RSU awards that remain subject to vesting.
Bakkt Holdings (BKKT) received a Schedule 13G from four Susquehanna-affiliated entities—G1 Execution Services, Susquehanna Fundamental Investments, Susquehanna Portfolio Strategies, and Susquehanna Securities—reporting beneficial ownership of 948,825 shares of Class A Common Stock, or 6.0%, as of the event date 09/30/2025.
The group reports shared voting and dispositive power over 948,825 shares. The filing notes derivative components: G1’s reported position consists of shares issuable upon exercise of warrants, and Susquehanna Securities’ amount includes options to buy 400,260 shares and 2,613 shares issuable upon exercise of warrants. The company reported 15,934,137 shares outstanding as of 09/03/2025.
The certification states the securities were acquired and are held in the ordinary course and not for the purpose of changing or influencing control.
Weiss Asset Management, together with WAM GP LLC and Andrew M. Weiss, filed a Schedule 13G reporting beneficial ownership of 812,640 shares of Bakkt Holdings (BKKT) Class A common stock, representing 5.1% of the class. The filing lists shared voting and dispositive power over 812,640 shares and no sole voting or dispositive power.
The percentage is based on 15,934,137 shares outstanding as of September 3, 2025, as referenced from Bakkt’s Schedule 14A. The reporting persons disclaim beneficial ownership beyond their pecuniary interest and certify the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.
Bakkt (BKKT) disclosed a Form 144 notice indicating a selling holder plans to sell up to 4,600 shares of common stock through Morgan Stanley Smith Barney LLC. The filing lists an aggregate market value of $100,280 and an approximate sale date of 11/11/2025 on the NYSE.
The shares were acquired on 09/17/2025 via restricted stock vesting under a registered plan as compensation. The filing also notes 24,038,434 shares outstanding; this is a baseline figure, not the amount being offered.
Bakkt Holdings, Inc. (BKKT) furnished its Q3 2025 earnings materials. The company held its conference call and webcast on November 10, 2025 covering results for the quarter ended September 30, 2025, and provided the call script and a slide deck as exhibits.
The materials are furnished under Item 2.02 and are not deemed “filed” for purposes of the Exchange Act. Exhibits include the Script of Earnings Call (99.1) and the Third Quarter 2025 Earnings Presentation (99.2), dated November 10, 2025.
Bakkt Holdings, Inc. filed a Form 12b-25 to notify a late filing of its Quarterly Report on Form 10-Q for the three months ended September 30, 2025. The company cites technical issues with the EDGAR submission process immediately before the deadline. These issues were promptly resolved, and the 10-Q was successfully filed shortly after the deadline. The delay was not related to preparing the financial statements or to any material changes in operations.
Bakkt Holdings, Inc. (BKKT) reported that it issued a press release covering results for the quarter ended September 30, 2025. The company furnished this update in a current report on Form 8-K under Item 2.02, with the full press release attached as Exhibit 99.1 and incorporated by reference.
The company states that the Item 2.02 information, including Exhibit 99.1, is being furnished, not filed, and is therefore not subject to Section 18 of the Exchange Act, nor incorporated into other filings unless specifically referenced.
Bakkt Holdings, Inc. reported third‑quarter results marked by higher trading activity and continued losses. Crypto services revenue reached $402.2 million for the quarter, up from $316.3 million a year ago, driven almost entirely by transaction revenue. Operating expenses were $427.5 million, leading to an operating loss from continuing operations of $25.3 million.
Non‑operating items were volatile: a $37.2 million loss from changes in warrant liability fair value was partly offset by $40.9 million of other income. Net loss attributable to Bakkt was $14.9 million for the quarter; nine‑month revenue was $2.04 billion with a net loss attributable of $21.9 million. Cash and cash equivalents were $58.3 million as of September 30, 2025; total stockholders’ equity was $114.4 million.
Bakkt closed the sale of its Loyalty Business on October 1, 2025 and recorded discontinued operations loss of $1.6 million in Q3. Liquidity was bolstered by a July offering of common stock and pre‑funded warrants that raised $75.0 million gross, a $25.0 million convertible debenture (with $17.5 million converted to shares and the remainder redeemed), and a common stock issuance. Class A shares outstanding were 16,466,495 as of September 30, 2025 and 24,038,434 as of November 6, 2025.
Bakkt Holdings (BKKT): Akshay Sudhir Naheta filed a Schedule 13D reporting beneficial ownership of 1,592,015 shares (6.3%) of Class A Common Stock. This includes 249,733 shares and options to acquire 1,342,282 shares. Shares outstanding were 25,380,716, comprised of 24,038,434 outstanding as of November 5, 2025 and 1,342,282 issuable upon his options.
The filing details a November 3, 2025 reorganization making Bakkt Holdings, Inc. the parent of Old Bakkt and OpCo, and an issuance of 69,733 shares to Naheta under a Tax Receivable Agreement amendment and contribution arrangement, relying on Section 4(a)(2). Naheta holds a stock option award for 1,342,282 shares at $10.00 with mandatory quarterly exercises of 33,557 for eight quarters and additional optional tranches, subject to specified vesting, funding and lock-up terms. He also disclosed open market purchases of 180,000 shares.
A Cooperation Agreement with DTR provides Bakkt a Call Option and gives Naheta a Put Option upon a $2 billion payment-volume threshold, with consideration targeted at 19.9%–31.5% of Bakkt’s common equity, subject to adjustments and approvals.