---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-245822"
form_type: "8-K"
ticker: "BKKT"
cik: "0001820302"
company_name: "Bakkt, Inc."
filed_at: "2025-10-22T23:59:59+00:00"
generated_at: "2026-05-17T02:48:17.628615+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Bakkt cuts proposed management option grant from 7.45M to 2M shares, revises vote standard

## Summary
- Options reduced to 2,000,000 from 7,450,000 on a pro rata basis; exercise price remains $10.00.
- Stock price closed at $32.14 on Oct 21, making options deeply in the money vs $8.59 record date.
- Special meeting reconvened Oct 31, 2025; vote now requires majority of outstanding shares present.
- Forfeited options may be reallocated to future service providers on same terms.
- Board reiterates recommendation to vote FOR the amended proposal.

## SEC filing metadata
- accession: 0001193125-25-245822
- form_type: 8-K
- ticker: BKKT
- cik: 0001820302
- company_name: Bakkt, Inc.
- filed_at: 2025-10-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820302/000119312525245822/0001193125-25-245822-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820302/000119312525245822/d36779d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-245822
- JSON: https://secwatch.observer/filing/0001193125-25-245822.json
- Plain text: https://secwatch.observer/filing/0001193125-25-245822.txt

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