Form 4: Bakkt CFO Discloses RSU Tax Withholding

Bakkt Holdings CFO Karen Alexander reported a routine disposition of 483 Class A Common Stock shares for tax withholding related to RSU vesting.

Summary

• Karen Alexander, Chief Financial Officer of Bakkt Holdings, Inc. (BKKT), reported a transaction involving the disposition of Class A Common Stock.
• On August 28, 2025, 483 shares of Class A Common Stock were disposed of at a price of $8.89 per share.
• This disposition was a tax withholding transaction (Code F) in connection with the vesting of restricted stock units (RSUs) on August 26, 2025.
• The number of shares withheld was determined based on the closing price per share of Class A Common Stock on August 26, 2025.
• Following this transaction, Karen Alexander beneficially owns 69,285 shares of Class A Common Stock.
• The beneficial ownership includes 50,229 shares of Class A Common Stock subject to RSUs and performance stock units that remain unvested.

Sentiment

Score: 5

Explanation: The transaction is a routine tax withholding event related to RSU vesting, which is neutral in terms of company performance or outlook.

Future Outlook

The filing does not contain any forward-looking statements or guidance beyond the details of the reported transaction and the remaining unvested equity awards.

Industry Context

This filing is a routine disclosure of an insider transaction related to equity compensation, common across all industries for publicly traded companies. It does not provide specific insights into broader industry trends or competitive positioning.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes and does not reflect a change in management's view of the company's prospects.
• Employees: Reflects standard equity compensation practices for executives.

Key Dates

Keywords

Bakkt Holdings, BKKT, Karen Alexander, CFO, Insider Transaction, Form 4, Restricted Stock Units, RSU Vesting, Tax Withholding, Equity Compensation