secwatch.observer — SEC 8-K summary
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Issuer:     Bakkt, Inc. (BKKT)
CIK:        0001820302
Form:       8-K
Filed at:   2026-08-17T12:00:16+00:00
Accession:  0001193125-26-353239
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820302/000119312526353239/0001193125-26-353239-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820302/000119312526353239/d145238d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-353239

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