BKKT.NYSEBakkt Holdings, INC

Form 4: Bakkt CFO Karen Alexander Reports Stock Disposals to Cover Tax Obligations

Sentiment:

SEC Form 4 Filing

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Karen Alexander, CFO of Bakkt Holdings, Inc., reports disposals of Class A Common Stock to cover tax withholding obligations related to vesting of performance stock units (PSUs) and restricted stock units (RSUs).

Summary

  • On February 19, 2025, Karen Alexander, CFO of Bakkt Holdings, Inc., disposed of 209 shares of Class A Common Stock at a price of $14.84 per share to cover tax obligations related to vesting of performance stock units.
  • Following this transaction, Alexander beneficially owns 41,418 shares of Class A Common Stock, including 33,758 shares subject to vesting restrictions.
  • Additionally, on the same date, Alexander disposed of 1,015 shares of Class A Common Stock at $14.84 per share to cover tax obligations related to vesting of restricted stock units.
  • After this transaction, Alexander beneficially owns 40,403 shares of Class A Common Stock, including 30,897 shares subject to vesting restrictions.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.

Industry Context

This is a standard practice for executives receiving stock-based compensation; selling shares to cover tax obligations is common.

Stakeholder Impact

  • The transactions have a minimal impact on shareholders as they are related to tax obligations and do not represent a significant change in ownership.

Key Dates

DateDescription
02/13/2025Vesting of performance stock units (PSUs) and restricted stock units (RSUs).
02/19/2025Date of stock disposal transactions to cover tax obligations.
02/21/2025Date of Form 4 filing.

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