Bakkt, Inc.: COO Nicholas Baes received 30,000 shares

What happened

• Nicholas Baes, chief operating officer, was granted 30,000 restricted stock units (RSUs). The Form 4 reports the acquisition as 30,000 shares at $0.00 for a total of $0.
• The RSUs are set to fully vest on the 1-year anniversary of the grant (Sep 30, 2027), subject to continued employment. The filing also notes 74,330 RSUs remain subject to vesting.

Key details

• Transaction date and price: Sep 30, 2026; 30,000 RSUs; $0.00 per RSU; total $0.
• Shares owned after the transaction: the filing does not state total shares owned after the transaction.
• Footnotes: F1 — 30,000 RSUs granted under the 2021 omnibus plan; vest in 1 year if employment continues; each RSU represents a contingent right to 1 share. F2 — includes 74,330 RSUs that remain subject to vesting.
• Filing date: Oct 2, 2026; the filing does not indicate it was filed late.

Why it may matter

• This was an award of RSUs (not a market purchase or sale); the RSUs convert to shares only if they vest and any vesting conditions are met.
• A filing does not show why the insider traded or why the company acted.