Bakkt (BKKT) GC Marc D'Annunzio Sells 539 Shares

What Happened Marc D'Annunzio, General Counsel & Secretary of Bakkt, sold 539 shares of Bakkt Class A common stock in an S (sale) transaction on July 15, 2026. The shares were sold at $8.44 each for total proceeds of $4,549. The filing indicates this sale was to cover tax obligations tied to the vesting of restricted stock units.

Key Details

• Transaction date: 2026-07-15; Filing date: 2026-07-17 (timely within the typical 2-business-day Form 4 window).
• Sale: 539 shares at $8.44 per share; total proceeds $4,549.
• Footnote F1: Sale represents shares sold to cover tax withholding on RSU vesting.
• Footnote F2: Filing references 12,829 shares of Class A common stock that remain subject to vesting as restricted stock units.
• Shares owned after transaction: not explicitly stated in the provided filing excerpt.

Context This was a tax-withholding sale related to RSU vesting—a routine administrative transaction that executives commonly use to satisfy tax obligations and does not necessarily signal a change in sentiment about the company. Purchases generally carry more weight for interpreting insider confidence than routine tax-related sales.