Form 4: Bakkt Holdings COO Nicholas Baes Reports Stock Transaction

Nicholas Baes, Chief Operating Officer of Bakkt Holdings, reports the withholding of Class A Common Stock to cover tax obligations related to vesting restricted stock units.

Summary

• On April 28, 2025, Bakkt Holdings' COO, Nicholas Baes, reported a transaction involving Class A Common Stock.
• The transaction involved the withholding of 2,528 shares to cover tax obligations related to the vesting of restricted stock units (RSUs).
• The shares were withheld at a price of $8.93 per share.
• Following the transaction, Baes beneficially owns 106,282 shares, including 98,483 shares subject to vesting RSUs.

Sentiment

Score: 5

Explanation: This is a neutral report on a routine stock transaction related to executive compensation. It doesn't indicate positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a standard procedure for tax withholding on executive compensation.

Key Dates

Keywords

Form 4, Bakkt Holdings, Nicholas Baes, Class A Common Stock, Restricted Stock Units, Tax Withholding, Beneficial Ownership, Securities