---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-178246"
form_type: "8-K"
ticker: "BKKT"
cik: "0001820302"
company_name: "Bakkt, Inc."
filed_at: "2025-08-12T23:59:59+00:00"
generated_at: "2026-05-17T14:48:24.721580+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Bakkt Co-CEO Andrew Main departs Aug 11; Akshay Naheta becomes sole CEO

## Summary
- Andrew Main resigns as Co-CEO and President effective Aug 11, 2025; will serve as advisor through sale of Loyalty business.
- Main receives $1.5M severance (2x salary + target bonus + COBRA) and accelerated vesting of unvested RSUs/PRSUs.
- Akshay Naheta appointed sole CEO and President effective Aug 11, 2025.
- Director Gordon Watson resigns effective Aug 11, 2025; board size reduced to seven.
- Departures are not due to any disagreement with the company's operations or policies.

## SEC filing metadata
- accession: 0001193125-25-178246
- form_type: 8-K
- ticker: BKKT
- cik: 0001820302
- company_name: Bakkt, Inc.
- filed_at: 2025-08-12T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820302/000119312525178246/0001193125-25-178246-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820302/000119312525178246/d18816d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-178246
- JSON: https://secwatch.observer/filing/0001193125-25-178246.json
- Plain text: https://secwatch.observer/filing/0001193125-25-178246.txt

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