---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-364937"
form_type: "8-K"
ticker: "BKKT"
cik: "0001820302"
company_name: "Bakkt, Inc."
filed_at: "2021-12-22T23:59:59+00:00"
generated_at: "2026-06-27T23:02:41.554898+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Bakkt President Adam White departs Dec 31; CEO Gavin Michael adds President title

## Summary
- Adam White’s employment ends Dec 31, 2021; he will remain available for strategic advice.
- CEO Gavin Michael will assume the additional role of President after White’s separation.
- Separation agreement deems 2,744,373 paired interests vested as of Oct 15, 2021; remaining paired interests forfeited.
- Agreement includes general release of claims, non-disparagement, and confidentiality obligations.
- White’s departure is described as pursuit of interests unrelated to the company.

## SEC filing metadata
- accession: 0001193125-21-364937
- form_type: 8-K
- ticker: BKKT
- cik: 0001820302
- company_name: Bakkt, Inc.
- filed_at: 2021-12-22T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820302/000119312521364937/0001193125-21-364937-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820302/000119312521364937/d253937d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-364937
- JSON: https://secwatch.observer/filing/0001193125-21-364937.json
- Plain text: https://secwatch.observer/filing/0001193125-21-364937.txt

## Key facts
- Executive change
  Adam White departed as President at Bakkt, Inc..
  - Action: departed
  - Role: President
  source text: Adam White is departing as President of Bakkt Holdings, Inc. (the “Company”), effective as of December 31, 2021
  evidence_url: https://www.sec.gov/Archives/edgar/data/1820302/000119312521364937/0001193125-21-364937-index.htm
- Executive change
  Gavin Michael changed role as President at Bakkt, Inc..
  - Action: assumed additional title
  - Role: President
  source text: The Company’s Chief Executive Officer, Gavin Michael, will assume the additional title of President following Mr. White’s separation.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1820302/000119312521364937/0001193125-21-364937-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.