Form 4: Bakkt Holdings COO Nicholas Baes Reports Stock Withholding for Tax Obligations
SEC Form 4 Filing
Nicholas Baes, COO of Bakkt Holdings, reports the withholding of Class A Common Stock to cover tax obligations related to vesting restricted stock units.
Summary
- On April 9, 2025, Nicholas Baes, the Chief Operating Officer of Bakkt Holdings, Inc., reported a transaction involving Class A Common Stock.
- The transaction involved the withholding of 800 shares of Class A Common Stock to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs) on April 1, 2025.
- The price per share used for withholding was $9.08.
- Following the transaction, Baes beneficially owns 74,599 shares of Class A Common Stock, which includes 71,578 shares subject to vesting.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction related to executive compensation and tax obligations. It doesn't indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies. It doesn't necessarily reflect a strategic shift or material event for Bakkt Holdings.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of RSU vesting that triggered the tax withholding. |
| 04/09/2025 | Date of the transaction (stock withholding). |
| 04/10/2025 | Date of signature on the Form 4 filing. |
Keywords
Bakkt Holdings, Nicholas Baes, Class A Common Stock, Form 4, Restricted Stock Units, Tax Withholding, Beneficial Ownership, COO
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.