---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-052422"
form_type: "8-K"
ticker: "BKKT"
cik: "0001820302"
company_name: "Bakkt, Inc."
filed_at: "2025-11-14T23:59:59+00:00"
generated_at: "2026-05-16T19:54:26.871741+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Two directors resign; CEO Naheta's PSU award amended to allow earlier vesting

## Summary
- Director Michelle Goldberg resigned Nov 8, 2025; Jill Simeone resigned Nov 7, 2025; neither due to disagreement. Their unvested RSUs (16,543 each) vested.
- CEO Akshay Naheta's PSU agreement amended to vest upon achievement of performance conditions even if less than one year from grant date.
- Amendment documented in Amended & Restated Employment Agreement and PSU Agreement filed as Exhibits 10.1 and 10.2.

## SEC filing metadata
- accession: 0001628280-25-052422
- form_type: 8-K
- ticker: BKKT
- cik: 0001820302
- company_name: Bakkt, Inc.
- filed_at: 2025-11-14T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820302/000162828025052422/0001628280-25-052422-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820302/000162828025052422/bakkt-20251107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-052422
- JSON: https://secwatch.observer/filing/0001628280-25-052422.json
- Plain text: https://secwatch.observer/filing/0001628280-25-052422.txt

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