Baes Nicholas, Bakkt COO, sells $5375 in BKKT stock
Bakkt COO Nicholas Baes sold 711 shares of Class A Common Stock for $5,375 to cover tax obligations, retaining over 101,000 shares. This transaction follows Bakkt's recent moves including a direct offering to raise $48.1 million, establishing a $300 million at-the-market equity program, and partnering with Nexo to support its re-entry into the U.S. market. Benchmark has also adjusted its price target for BKKT to $22, maintaining a Buy rating.