---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-353239"
form_type: "8-K"
ticker: "BKKT"
cik: "0001820302"
company_name: "Bakkt, Inc."
filed_at: "2026-08-17T12:00:16+00:00"
generated_at: "2026-08-17T12:07:31.151191+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-353239
- form_type: 8-K
- ticker: BKKT
- cik: 0001820302
- company_name: Bakkt, Inc.
- filed_at: 2026-08-17T12:00:16+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820302/000119312526353239/0001193125-26-353239-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820302/000119312526353239/d145238d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-353239
- JSON: https://secwatch.observer/filing/0001193125-26-353239.json
- Plain text: https://secwatch.observer/filing/0001193125-26-353239.txt

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