Form 4: Bakkt Holdings COO Nicholas Baes Reports Stock Award

Nicholas Baes, COO of Bakkt Holdings, reports the acquisition of restricted stock units (RSUs) and updates to his beneficial ownership of Class A Common Stock.

Summary

• On April 11, 2025, Nicholas Baes, the Chief Operating Officer of Bakkt Holdings, reported a transaction involving the company's stock.
• Baes acquired 34,211 shares of Class A Common Stock in the form of restricted stock units (RSUs) at a price of $0.
• These RSUs vest over a two-year period, with 50% vesting on the one-year anniversary of the grant date and the remaining vesting in 12.5% increments every three months thereafter.
• Following the reported transaction, Baes beneficially owns 108,810 shares of Class A Common Stock, including 105,789 shares subject to vesting restrictions.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment as it aligns executive interests with company performance.

Key Dates

Keywords

Bakkt Holdings, Nicholas Baes, COO, Class A Common Stock, Restricted Stock Units, RSUs, Beneficial Ownership, Vesting