{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-013900","form_type":"8-K","ticker":"BKKT","cik":"0001820302","company_name":"Bakkt, Inc.","filed_at":"2025-03-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:05.066326+00:00","generated_at":"2026-05-24T10:41:55.683265+00:00","sec_items":["1.01","5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Bakkt enters cooperation with DTR for stablecoin payments, appoints Naheta Co-CEO","bullets":["DTR provides exclusive payment tech; Bakkt gets call option to acquire DTR for 19.9%-31.5% of Bakkt shares.","Put option triggers if cumulative payments exceed $2B in any 18-month period.","Akshay Naheta and Andrew Main named Co-CEOs effective March 21, 2025; Naheta also appointed Class I director.","Naheta receives $15M performance-based RSUs tied to stock price milestones and $150K time-based RSUs.","Commercial term minimum 3 years; Bakkt fees: 2.5 bps (US) and 5 bps (international) per payment."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-013900","json":"https://secwatch.observer/filing/0001628280-25-013900.json","markdown":"https://secwatch.observer/filing/0001628280-25-013900.md","text":"https://secwatch.observer/filing/0001628280-25-013900.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1820302/000162828025013900/0001628280-25-013900-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1820302/000162828025013900/bakkt-20250319.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-24T10:41:55.683265+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"21defe5a67","claim":"Andrew Main was appointed as Co-Chief Executive Officer at Bakkt, Inc..","evidence_excerpt":"the Board appointed each of Akshay Naheta and Andrew Main, the current President and Chief Executive Officer of the Company, to serve as the Company’s Co-Chief Executive Officers (each a “Co-CEO” and together, the “Co-CEOs”), effective March 21, 2025.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1820302/000162828025013900/0001628280-25-013900-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Co-Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"2a2ad5ca90","claim":"Akshay Naheta was appointed as Class I Director at Bakkt, Inc..","evidence_excerpt":"Mr. Naheta also was appointed as a Class I Director of the Board, to serve until the 2025 annual meeting of stockholders.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1820302/000162828025013900/0001628280-25-013900-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Class I Director"}],"fact_type":"executive_change"},{"claim_id":"3c8bb10bd4","claim":"Akshay Naheta was appointed as Co-Chief Executive Officer at Bakkt, Inc..","evidence_excerpt":"the Board appointed each of Akshay Naheta and Andrew Main, the current President and Chief Executive Officer of the Company, to serve as the Company’s Co-Chief Executive Officers (each a “Co-CEO” and together, the “Co-CEOs”), effective March 21, 2025.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1820302/000162828025013900/0001628280-25-013900-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Co-Chief Executive Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}