{"id":840250,"date":"2025-04-22T16:36:02","date_gmt":"2025-04-22T20:36:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/bakkt-grants-akshay-naheta-inducement-grant-pursuant-to-new-york-stock-exchange-listing-rules\/"},"modified":"2025-04-22T16:36:02","modified_gmt":"2025-04-22T20:36:02","slug":"bakkt-grants-akshay-naheta-inducement-grant-pursuant-to-new-york-stock-exchange-listing-rules","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/bakkt-grants-akshay-naheta-inducement-grant-pursuant-to-new-york-stock-exchange-listing-rules\/","title":{"rendered":"Bakkt Grants Akshay Naheta Inducement Grant Pursuant to New York Stock Exchange Listing Rules"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Bakkt Grants Akshay Naheta Inducement Grant Pursuant to New York Stock Exchange Listing Rules<\/b><\/p>\n<p>ALPHARETTA, Ga.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nBakkt Holdings, Inc. (NYSE: BKKT) today announced that it has made equity inducement grants (&#8220;Inducement Grant&#8221;) to Akshay Naheta, its newly appointed Co-Chief Executive Officer, effective March 21, 2025, pursuant to New York Stock Exchange Listed Company Manual Rule 303A.08 (the &#8220;NYSE Rule&#8221;). In accordance with the NYSE Rule, Bakkt approved the grant to Mr. Naheta as a material inducement to Mr. Naheta accepting his new role as Co-CEO.\n<\/p>\n<p>\nAs provided for in Mr. Naheta\u2019s Employment Agreement and previously described in Bakkt\u2019s Current Report on Form 8-K filed by with the Securities and Exchange Commission on March 20, 2025, the Inducement Grant consisted of the following: (i) 1,607,717 Performance-Based Restricted Stock Units (&#8220;PSUs&#8221;) and (ii) 11,426 Restricted Stock Units (&#8220;RSUs&#8221;). The RSUs will vest 100% on March 21, 2026, subject to Mr. Naheta\u2019s continued service with Bakkt. The PSUs will be eligible to vest through March 21, 2028 (the \u201cPerformance Period\u201d) based on attainment of stock price metrics such that one-third of PSUs will vest, subject to his continued employment through the vesting date, if Bakkt\u2019s stock price appreciates at any point during the Performance Period by 100% above $9.33 (the \u201cReference Price\u201d). For each additional 25% of stock price appreciation above the Reference Price during the Performance Period, limited to a maximum of eight (8) additional vesting tranches, an additional number of PSUs equal to $1.25 million divided by the Reference Price will vest, subject to Mr. Naheta\u2019s continued employment through the applicable vesting date. Bakkt\u2019s stock price appreciation for purposes of the PSUs will be measured based on a rolling 90-day volume weighted average price. Any PSUs that satisfy the above vesting conditions prior to March 21, 2026 will vest on March 21, 2026, subject to Mr. Naheta\u2019s continued employment through such date.\n<\/p>\n<p>\nThe PSUs and RSUs were made outside Bakkt\u2019s 2021 Omnibus Incentive Plan (the &#8220;Plan&#8221;), under an inducement grant performance stock unit award agreement and an inducement grant restricted stock unit award agreement, respectively (each an \u201cAward Agreement\u201d and together, the \u201cAward Agreements\u201d). Except as set forth in the applicable award agreement, the PSUs and RSUs granted were made as if they were under the Plan and subject to the same terms and conditions as apply to the applicable awards under the Plan. The Inducement Grant and the Award Agreements were approved by the Compensation Committee of the Board of Directors in reliance on the employment inducement exemption under the NYSE&#8217;s Listed Company Manual Rule 303A.08. To comply with the terms of this exemption, the Inducement Grant requires prompt public announcement of the award and written notice to the NYSE.\n<\/p>\n<p><b>About Bakkt<\/b><\/p>\n<p>\nFounded in 2018, Bakkt builds solutions that enable its clients to grow with the crypto economy. Through institutional-grade custody, trading and onramp capabilities, our clients leverage technology that\u2019s built for sustainable, long-term involvement in crypto.\n<\/p>\n<p>\nBakkt is headquartered in Alpharetta, GA. For more information, visit: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.bakkt.com%2F&amp;esheet=54241273&amp;newsitemid=20250421161233&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.bakkt.com%2F&amp;index=1&amp;md5=3edb51c26448c745254479ca42e87a79\">https:\/\/www.bakkt.com\/<\/a> | X &#8211; <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2FBakkt&amp;esheet=54241273&amp;newsitemid=20250421161233&amp;lan=en-US&amp;anchor=%40Bakkt&amp;index=2&amp;md5=606b8dc3ecfb0833f0730cd89bee654d\">@Bakkt<\/a> | <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fbakkt%2F&amp;esheet=54241273&amp;newsitemid=20250421161233&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=3&amp;md5=60c82f77ceb58e6c81a410c57333afa8\">LinkedIn<\/a>.\n<\/p>\n<p>\nBakkt-C\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250421161233r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250421161233\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250421161233\/en\/<\/a><\/span><\/p>\n<p><b>Bakkt:<br \/>\n<\/b><br \/>Investor Relations<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:IR@bakkt.com\">IR@bakkt.com<\/a><\/p>\n<p>\nMedia<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:bakkt@forefrontcomms.com\">bakkt@forefrontcomms.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Georgia<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Technology Payments Fintech Other Technology Professional Services Digital Cash Management\/Digital Assets Blockchain Cryptocurrency Other Professional Services<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Bakkt Grants Akshay Naheta Inducement Grant Pursuant to New York Stock Exchange Listing Rules ALPHARETTA, Ga.&#8211;(BUSINESS WIRE)&#8211; Bakkt Holdings, Inc. (NYSE: BKKT) today announced that it has made equity inducement grants (&#8220;Inducement Grant&#8221;) to Akshay Naheta, its newly appointed Co-Chief Executive Officer, effective March 21, 2025, pursuant to New York Stock Exchange Listed Company Manual Rule 303A.08 (the &#8220;NYSE Rule&#8221;). In accordance with the NYSE Rule, Bakkt approved the grant to Mr. Naheta as a material inducement to Mr. Naheta accepting his new role as Co-CEO. As provided for in Mr. Naheta\u2019s Employment Agreement and previously described in Bakkt\u2019s Current Report on Form 8-K filed by with the Securities and Exchange Commission on March 20, 2025, the Inducement Grant consisted &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bakkt-grants-akshay-naheta-inducement-grant-pursuant-to-new-york-stock-exchange-listing-rules\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Bakkt Grants Akshay Naheta Inducement Grant Pursuant to New York Stock Exchange Listing Rules&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-840250","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bakkt Grants Akshay Naheta Inducement Grant Pursuant to New York Stock Exchange Listing Rules - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/bakkt-grants-akshay-naheta-inducement-grant-pursuant-to-new-york-stock-exchange-listing-rules\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bakkt Grants Akshay Naheta Inducement Grant Pursuant to New York Stock Exchange Listing Rules - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Bakkt Grants Akshay Naheta Inducement Grant Pursuant to New York Stock Exchange Listing Rules ALPHARETTA, Ga.&#8211;(BUSINESS WIRE)&#8211; Bakkt Holdings, Inc. (NYSE: BKKT) today announced that it has made equity inducement grants (&#8220;Inducement Grant&#8221;) to Akshay Naheta, its newly appointed Co-Chief Executive Officer, effective March 21, 2025, pursuant to New York Stock Exchange Listed Company Manual Rule 303A.08 (the &#8220;NYSE Rule&#8221;). In accordance with the NYSE Rule, Bakkt approved the grant to Mr. Naheta as a material inducement to Mr. Naheta accepting his new role as Co-CEO. As provided for in Mr. Naheta\u2019s Employment Agreement and previously described in Bakkt\u2019s Current Report on Form 8-K filed by with the Securities and Exchange Commission on March 20, 2025, the Inducement Grant consisted &hellip; Continue reading &quot;Bakkt Grants Akshay Naheta Inducement Grant Pursuant to New York Stock Exchange Listing Rules&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/bakkt-grants-akshay-naheta-inducement-grant-pursuant-to-new-york-stock-exchange-listing-rules\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-22T20:36:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250421161233r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bakkt-grants-akshay-naheta-inducement-grant-pursuant-to-new-york-stock-exchange-listing-rules\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bakkt-grants-akshay-naheta-inducement-grant-pursuant-to-new-york-stock-exchange-listing-rules\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Bakkt Grants Akshay Naheta Inducement Grant Pursuant to New York Stock Exchange Listing Rules\",\"datePublished\":\"2025-04-22T20:36:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bakkt-grants-akshay-naheta-inducement-grant-pursuant-to-new-york-stock-exchange-listing-rules\\\/\"},\"wordCount\":560,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bakkt-grants-akshay-naheta-inducement-grant-pursuant-to-new-york-stock-exchange-listing-rules\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20250421161233r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bakkt-grants-akshay-naheta-inducement-grant-pursuant-to-new-york-stock-exchange-listing-rules\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/bakkt-grants-akshay-naheta-inducement-grant-pursuant-to-new-york-stock-exchange-listing-rules\\\/\",\"name\":\"Bakkt Grants Akshay Naheta Inducement Grant Pursuant to New York Stock Exchange Listing Rules - 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(NYSE: BKKT) today announced that it has made equity inducement grants (&#8220;Inducement Grant&#8221;) to Akshay Naheta, its newly appointed Co-Chief Executive Officer, effective March 21, 2025, pursuant to New York Stock Exchange Listed Company Manual Rule 303A.08 (the &#8220;NYSE Rule&#8221;). In accordance with the NYSE Rule, Bakkt approved the grant to Mr. Naheta as a material inducement to Mr. Naheta accepting his new role as Co-CEO. As provided for in Mr. Naheta\u2019s Employment Agreement and previously described in Bakkt\u2019s Current Report on Form 8-K filed by with the Securities and Exchange Commission on March 20, 2025, the Inducement Grant consisted &hellip; Continue reading \"Bakkt Grants Akshay Naheta Inducement Grant Pursuant to New York Stock Exchange Listing Rules\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/bakkt-grants-akshay-naheta-inducement-grant-pursuant-to-new-york-stock-exchange-listing-rules\/","og_site_name":"Market Newsdesk","article_published_time":"2025-04-22T20:36:02+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250421161233r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bakkt-grants-akshay-naheta-inducement-grant-pursuant-to-new-york-stock-exchange-listing-rules\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bakkt-grants-akshay-naheta-inducement-grant-pursuant-to-new-york-stock-exchange-listing-rules\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Bakkt Grants Akshay Naheta Inducement Grant Pursuant to New York Stock Exchange Listing Rules","datePublished":"2025-04-22T20:36:02+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bakkt-grants-akshay-naheta-inducement-grant-pursuant-to-new-york-stock-exchange-listing-rules\/"},"wordCount":560,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bakkt-grants-akshay-naheta-inducement-grant-pursuant-to-new-york-stock-exchange-listing-rules\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250421161233r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/bakkt-grants-akshay-naheta-inducement-grant-pursuant-to-new-york-stock-exchange-listing-rules\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/bakkt-grants-akshay-naheta-inducement-grant-pursuant-to-new-york-stock-exchange-listing-rules\/","name":"Bakkt Grants Akshay Naheta Inducement Grant Pursuant to New York Stock Exchange Listing Rules - 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