Bakkt names Matt White CFO; Karen Alexander departs, stays as advisor

Bakkt, Inc.

Karen Alexander steps down as CFO effective Aug 14, 2026; becomes advisor until Dec 31, 2026 at $400k annualized consulting fee.
Alexander gets $200k cash for forfeited unvested equity, up to $160k (2% of Specified Arbitration recovery), and 12 months COBRA.
Matt White appointed CFO effective Aug 17, 2026; base salary $300k, discretionary bonus, 90k RSUs and 60k options at $10 strike.
White previously CFO of CoreCard (NYSE: CCRD) through its acquisition by Euronet in Oct 2025; 20+ years finance experience.
Separation not due to disagreement with management or auditor; transition agreement filed as exhibit.

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