Naheta Akshay Sudhir 4

What Happened

• Naheta Akshay Sudhir, reported as a 10% owner, received 7,927,831 shares of Bakkt Class A Common Stock on April 30, 2026. The shares were issued as consideration in connection with Bakkt’s acquisition of Distributed Technologies Research Global Ltd. (DTR). No purchase price per share or total dollar value was reported (price listed as N/A).

Key Details

• Transaction date: April 30, 2026 (report filed May 4, 2026; timely filing within the two-business-day Form 4 window).
• Transaction type/code: Award/Acquisition (code A) — shares issued as consideration under a Share Purchase Agreement dated Jan 11, 2026.
• Shares received: 7,927,831 Class A shares (Consideration Shares).
• Price/value: N/A (consideration shares issued, not an open-market purchase or sale).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: Shares were issued to the reporting person in their capacity as a DTR stockholder. Certain additional shares held of record by the reporting person as nominee/custodian for former DTR equity holders are excluded from this report; the reporting person disclaims beneficial ownership of those excluded shares.

Context

• This was an issuance of stock as acquisition consideration (not a market purchase or sale), so it reflects the terms of the corporate transaction rather than the insider buying or selling for personal investment reasons. As a reported 10% owner, this filing documents ownership changes tied to the acquisition, not routine executive trading.