Bakkt (BKKT) CFO Karen Alexander Sells 657 Shares

What Happened

• Karen Alexander, Chief Financial Officer of Bakkt, sold 657 shares of Class A common stock in an open-market transaction on 2026-07-15 at $8.44 per share, for total proceeds of approximately $5,545. The filing indicates this sale was to cover tax obligations associated with the vesting of restricted stock units.

Key Details

• Transaction date and price: 2026-07-15, 657 shares at $8.44 per share.
• Total transaction value: ~$5,545.
• Report filed: 2026-07-17 (filed within the typical two-business-day window; not reported late).
• Footnotes: F1 — sale to cover tax withholding related to RSU vesting; F2 — filing notes 12,829 shares remain subject to restricted stock units that are still vesting.
• Shares owned after transaction: the provided excerpt does not state total post-transaction holdings; it does note 12,829 shares are subject to unvested RSUs.

Context

• This was a tax-withholding sale tied to RSU vesting, a common and routine insider transaction (often neutral for assessing insider sentiment). The small dollar amount (~$5.5K) suggests this was administrative rather than a bet on the company’s outlook.