Form 4: Bakkt Holdings CFO Karen Alexander Reports Stock Disposal for Tax Obligations

Karen Alexander, CFO of Bakkt Holdings, reports disposing of 4,174 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.

Summary

• On April 28, 2025, Karen Alexander, the Chief Financial Officer of Bakkt Holdings, Inc., disposed of 4,174 shares of Class A Common Stock.
• This disposal was due to the withholding of shares by the issuer to satisfy tax obligations related to the vesting of restricted stock units (RSUs) on April 22, 2025.
• The price per share for the withholding was $8.93.
• Following the transaction, Alexander beneficially owns 70,439 shares of Class A Common Stock, which includes 53,336 shares subject to RSUs and PSUs that are still subject to vesting.

Sentiment

Score: 5

Explanation: This is a routine transaction related to tax obligations, so it's neutral in sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.

Key Dates

Keywords

Form 4, Bakkt Holdings, Karen Alexander, CFO, Class A Common Stock, Restricted Stock Units, Tax Withholding, Beneficial Ownership, Securities