Form 4: Bakkt Holdings Co-CEO Andrew Main Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Andrew Main, Co-CEO & President of Bakkt Holdings, disposed of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On March 27, 2025, Andrew Main, Co-CEO & President of Bakkt Holdings, disposed of 51,147 shares of Class A Common Stock to satisfy tax withholding obligations related to the vesting of restricted stock units.
- The shares were withheld by the issuer based on a price of $10.94 per share.
- Following the transaction, Main beneficially owns 388,138 shares of Class A Common Stock, including 280,479 shares subject to unvested RSUs and performance stock units.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't indicate a change in the executive's confidence in the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is a standard practice of covering tax obligations related to equity compensation.
Key Dates
| Date | Description |
|---|---|
| 03/27/2025 | Date of transaction: disposal of shares for tax obligations. |
| 03/26/2025 | Date of vesting of restricted stock units used to determine share price for tax withholding. |
| 03/31/2025 | Date of Form 4 filing. |
Keywords
Form 4, Bakkt Holdings, Andrew Main, Class A Common Stock, Tax Withholding, Restricted Stock Units, Beneficial Ownership, BKKT
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