secwatch.observer — SEC 8-K summary
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Issuer:     Bakkt, Inc. (BKKT)
CIK:        0001820302
Form:       8-K
Filed at:   2025-11-14T23:59:59+00:00
Accession:  0001628280-25-052422
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820302/000162828025052422/0001628280-25-052422-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820302/000162828025052422/bakkt-20251107.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-052422

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer