secwatch.observer — SEC 8-K summary
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Issuer:     Bakkt, Inc. (BKKT)
CIK:        0001820302
Form:       8-K
Filed at:   2021-12-22T23:59:59+00:00
Accession:  0001193125-21-364937
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820302/000119312521364937/0001193125-21-364937-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820302/000119312521364937/d253937d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-364937

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer