leadership
confidence high
sentiment neutral
materiality 0.65
Bakkt shareholders approve grant of up to 2M shares of options to management
Bakkt, Inc.
- Shareholders approved grant of options to purchase up to 2,000,000 shares of Class A Common Stock to select management.
- Votes: 10,809,572 for, 1,001,367 against, 7,753 abstain; no broker non-votes.
- Options vest quarterly in eight tranches; mandatory and optional exercise components.
- Exercise price based on third-party negotiated FMV or grant date FMV (Project Broadway).
- Options subject to early exercise provisions and forfeiture upon termination; governed by 2021 Plan with exceptions.