---
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"
generated_at: "2026-06-04T13:41:02.811051+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Andrew Main appointed CEO effective March 26; Gavin Michael steps down as CEO

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-070368
- JSON: https://secwatch.observer/filing/0001193125-24-070368.json
- Plain text: https://secwatch.observer/filing/0001193125-24-070368.txt

## Key facts
- Executive change
  Andrew Main was appointed as President and Chief Executive Officer at Bakkt, Inc..
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1820302/000119312524070368/0001193125-24-070368-index.htm
- Executive change
  Gavin Michael departed as President and Chief Executive Officer at Bakkt, Inc..
  - Action: succeeded
  - Role: President and Chief Executive Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1820302/000119312524070368/0001193125-24-070368-index.htm

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