Form 4/A for BKKT Bakkt, Inc.
Accepted 2025-11-18 00:00:00 ET · period of report 2025-11-14 · accession 0002062543-25-000007 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DA | 2025-11-18 | 2025-11-14 | BKKT | Naheta Akshay Sudhir | CEO, Pres, Dir | M - OptEx | $0.00 | +803.9K | 1.10M | +273% | $0 |
| DA | 2025-11-18 | 2025-11-14 | BKKT | Naheta Akshay Sudhir | CEO, Pres, Dir | M - OptEx | $0.00 | -803.9K | 803.9K | -50% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2025-11-14 | M | A | 803,861 | $0.00 | 1,098,577 | D | — | — | (F1) The reported transaction reflects the vesting of performance stock units ("PSUs") upon the determination that the applicable performance conditions were satisfied. This amount represents a corresponding number of shares of the issuer's Class A Common Stock. (F2) Includes 11,426 restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of the issuer's Class A Common Stock. The RSUs will vest on March 21, 2026, subject to the reporting person's continued employment with the issuer as of the vesting date. |
| 2 | Derivative | Performance Units | 2025-11-14 | M | D | 803,861 | $0.00 | 803,856 | D | — · — to 2028-03-21 | 803,861 Class A Common Stock | (F3) These securities are an inducement grant of PSUs. Each PSU represents a contingent right to receive one share of the issuer's Class A Common Stock. (F5) [Continued from footnote 4] For each additional 25% of stock price appreciation (measured based on a rolling 90-day VWAP) above the Reference Price during the Performance Period, limited to a maximum of eight (8) additional vesting tranches, an additional 133,976 PSUs could vest, subject to the reporting person's continued employment with the issuer through such vesting date. 803,861 of these PSUs vested on November 14, 2025. No PSUs would have vested in the event that the issuer's stock price (measured based on a rolling 90-day VWAP) did not appreciate above the Reference Price by at least 100% during the Performance Period. (F4) The PSUs are eligible to vest over a three-year performance period following March 21, 2025 (the "Vesting Commencement Date") based on attainment of certain stock price metrics as provided below (the "Performance Period"). A total of 535,909 of the total PSUs will vest, subject to the reporting person's continued employment with the issuer through such vesting date, if the issuer's stock price (measured based on a rolling 90-day volume-weighted average price "VWAP") appreciates at any point during the Performance Period by 100% above $9.33 per share (the "Reference Price"). [Continued to footnote 5] |