---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-262474"
form_type: "8-K"
ticker: "BKKT"
cik: "0001820302"
company_name: "Bakkt, Inc."
filed_at: "2025-11-03T23:59:59+00:00"
generated_at: "2026-05-17T00:56:08.722571+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Bakkt shareholders approve grant of up to 2M shares of options to management

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-262474
- form_type: 8-K
- ticker: BKKT
- cik: 0001820302
- company_name: Bakkt, Inc.
- filed_at: 2025-11-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 5.07, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820302/000119312525262474/0001193125-25-262474-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820302/000119312525262474/d98917d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-262474
- JSON: https://secwatch.observer/filing/0001193125-25-262474.json
- Plain text: https://secwatch.observer/filing/0001193125-25-262474.txt

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