Short answer
Bakkt, Inc. (BKKT) filed an 8-K current report with the SEC on August 17, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers), Item 7.01 (Regulation FD Disclosure), Item EX-99.1 (Exhibit EX-99.1). CFO Karen Alexander departs August 14, 2026 without reported management or auditor disagreement.
Bakkt, Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- CFO Karen Alexander departs August 14, 2026 without reported management or auditor disagreement
- Transition services continue through December 31, 2026 at $400,000 annualized consulting fees
- Alexander receives $200,000 for canceled unvested equity plus up to $160,000 tied to arbitration recoveries
- Matt White becomes CFO August 17, 2026 with $300,000 salary, 90,000 RSUs, and 60,000 options at $10 exercise price
- White’s inducement awards vest over three years, increasing retention incentives and shareholder dilution exposure
Item 7.01 · Regulation FD Disclosure
- Item 7.01 filing contains only an incorporation-by-reference disclaimer
- No substantive business, financial, operational, or market disclosure for Bakkt or its warrants
- Exhibit 99.1 is excluded from incorporation into future Securities Act or Exchange Act filings
Item EX-99.1 · Exhibit EX-99.1
- Matt White appointed CFO effective August 17, 2026, replacing Karen Alexander
- Alexander remains as an advisor, supporting transition continuity
- Leadership change aligns finance function with global expansion, payments technology and AI initiatives
- Inducement awards include 90,000 RSUs and 60,000 options exercisable at $10.00 per share
- Equity awards vest over three years, creating retention incentives and potential shareholder dilution
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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