Bakkt (BKKT) GC Marc D'Annunzio Sells 1,272 Shares

What Happened

• Marc D'Annunzio, General Counsel & Secretary of Bakkt, sold 1,272 shares of Bakkt Class A common stock on 2026-09-23 at $8.61 per share, yielding approximately $10,952. The filing shows this was a sale (code S) executed to cover tax obligations tied to vesting restricted stock units.

Key Details

• Transaction date and price: 2026-09-23 — 1,272 shares sold at $8.61 each.
• Proceeds: ~ $10,952.
• Shares owned after transaction: the filing notes 8,553 shares are subject to restricted stock units that remain subject to vesting (per footnote); total post-sale beneficial ownership was not specified in the summary data provided.
• Footnotes: F1 — sale to cover tax obligations from RSU vesting; F2 — 8,553 Class A shares remain subject to vesting.
• Timeliness: Filed 2026-09-25 for a 2026-09-23 transaction; no late filing was indicated in the provided information.

Context

• This appears to be a routine tax‑withholding sale associated with RSU vesting rather than a discretionary sell signal. Such transactions are common when companies/insiders sell shares to cover withholding taxes on vested awards and do not necessarily indicate a change in the insider’s view of the company.