{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-070368","form_type":"8-K","ticker":"BKKT","cik":"0001820302","company_name":"Bakkt, Inc.","filed_at":"2024-03-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.694854+00:00","generated_at":"2026-06-04T13:41:02.811051+00:00","sec_items":["5.02","7.01","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Andrew Main appointed CEO effective March 26; Gavin Michael steps down as CEO","bullets":["Andrew Main named President and CEO succeeding Gavin Michael, who becomes advisor through March 2025.","Main receives $500k base salary, $10M in RSUs (75% time-based, 25% performance-based).","Michael gets $1.28M lump sum, accelerated RSU vesting, and 1.59M RSUs for advisory role.","Company reschedules Q4/FY2023 earnings call to March 25, 2024 at 5pm ET.","Main says capital raise proceeds and cost savings (NYDFS-approved integration) alleviate going concern doubt."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-070368","json":"https://secwatch.observer/filing/0001193125-24-070368.json","markdown":"https://secwatch.observer/filing/0001193125-24-070368.md","text":"https://secwatch.observer/filing/0001193125-24-070368.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1820302/000119312524070368/0001193125-24-070368-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1820302/000119312524070368/d794298d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T13:41:02.811051+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9dba9090b4","claim":"Andrew Main was appointed as President and Chief Executive Officer at Bakkt, Inc..","evidence_excerpt":"On March 18, 2024, Bakkt Holdings, Inc. (the “Company”) announced that the Company’s Board of Directors (the “Board”) appointed Andrew Main to serve as the Company’s President and Chief Executive Officer, effective as of March 26, 2024.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1820302/000119312524070368/0001193125-24-070368-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"f6a0602e09","claim":"Gavin Michael departed as President and Chief Executive Officer at Bakkt, Inc..","evidence_excerpt":"Mr. Main will succeed Gavin Michael, the Company’s current President and Chief Executive Officer, who will remain with the Company as an advisor for a period of one year.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1820302/000119312524070368/0001193125-24-070368-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"succeeded"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}