Stock Trading Canary

United States · SEC Form 4 · Snapshot date: 2026-10-18 · Built: 2026-10-18 · 中文

← United States · Coverage record

US · SEC FORM 4

Bakkt, Inc.

BKKT · NYSE · CIK 0001820302 · Technology · Software—Infrastructure

INSIDER SIGNAL

63.0 / 100

1 buyers · 5 purchase transaction lines · $9.1M gross purchase

WHY THIS SIGNAL?

Buyer breadthLow
Purchase sizeStrong
RoleStrong
RecencyLow
ConvictionStrong
Score anatomy

Each bar shows the contribution to the current score; the weights and formula stay unchanged.

Cluster+7.0 / 35
Purchase size+22.6 / 25
Role+20.0 / 20
Recency+3.6 / 10
Conviction+9.8 / 10

What is holding the score back?

  • ⚠ Cluster breadth is moderate · 1 insider(s), not 4+
  • ⚠ Purchase activity is becoming less recent
  • ✓ Role scores high · most senior buyer: Director

Purchase-size comments are relative to the model scale. Average daily volume is a separate market-context diagnostic.

US-v1.2 ranks qualifying equity purchases under the current 180-day rules. The score is a research priority, not a return forecast or probability. Backtests have not shown that a higher US score is followed by better returns.

Insider activity timeline

Owner lanes show the latest 180 days. Symbol shape identifies the transaction type; sales remain context only.

AprMayJunJulAugSepOct
D'Annunzio MarcGeneral Counsel & Secretary
▼○▼▼▼▼○
Baes NicholasChief Operating Officer
▼○▼▼○
ALFRED MICHAELDirector
●●●●●
Henderson Joseph Sean-WalshChief Accounting Officer
▼▼▼○
Alexander KarenChief Financial Officer
▼○▼▼
Naheta Akshay SudhirChief Executive Officer
○○○
● Purchase▼ Sale○ Other

—

Purchase breadth & concentration

QUALIFYING BUYERS1
PURCHASE CONCENTRATION100%Largest buyer: ALFRED MICHAEL · $9.1M
CLUSTER BUYING · 15D1 insiderPeak activity: 2026-05-15–2026-05-18

Roles in the peak window: Director. Concentration uses priced qualifying P lines only and does not change the saved score.

SIGNAL HISTORY

63.0 / 100

Latest recorded score

↓ -0.2 ptsversus the previous recorded snapshot
  1. 63.4
  2. 63.4
  3. 63.3
  4. 63.2
  5. 63.0

Only scores saved when a full US scoring run completed are shown; gaps are not reconstructed.

Recent Form 4 activity

5Purchases
21Sales
27Other Form 4 lines
46SEC filings · 365 days
BUYING5 qualifying P line(s) · 180 days
SELLING15 sale line(s) · context only
OTHER9 exercise / withholding / award / gift / other lines
10b5-1 / PLANNEDNot detected in parsed evidence

P is an open-market or private purchase. S is a sale. M, F, A and G usually describe exercises, tax withholding, awards and gifts. These categories remain visually separate.

Market context

Market context provides additional background on recent price performance and risk. It does not affect the Insider Signal.

Price performance

1M
-13.2%
3M
-15.0%
6M
-15.4%
12M
-82.7%

Volatility & liquidity

Volatility
178.2%
Beta
—
Avg daily value
USD 8.8M

Valuation

Market cap
USD 310.1M
P/E
—

Fundamentals

Profit margin
-4.6%
ROE
-95.1%
Industry
Software—Infrastructure

Market data

Price data up to: 2026-10-11 · Price source: OpenBB/yfinance; volume from price cache (yfinance) · From SEC filings: Market cap, Profit margin, ROE · Fiscal year ended: 2025-12-31 · Market cap is the shares outstanding stated on the filing cover multiplied by the latest close. Share count date: 2026-08-05 · Status: PASS

Short interest

Short interest is external context reported to FINRA by broker-dealers. It does not affect the Insider Signal.

Shares short
6,705,907
Previous report
6,132,337
Avg daily volume
1,628,823
Days to cover
4.1

FINRA settlement date: 2026-09-30 · Captured 2026-10-12 · FINRA equity short interest ↗. A share count, published about a week after each of two settlement dates a month; not a percentage of shares outstanding.

Historical equity purchases

Qualifying code P transactions in the local Form 4 history, including purchases outside the current signal window.

Transaction dateReporting ownerTypeSecuritySharesAvg. priceApprox. valueSource
2026-08-18ALFRED MICHAELPurchase (P)Class A Common Stock296,567USD 7.12USD 2,111,557SEC filing ↗
2026-06-10ALFRED MICHAELPurchase (P)Class A Common Stock100,000USD 7.83USD 783,000SEC filing ↗
2026-06-09ALFRED MICHAELPurchase (P)Class A Common Stock180,000USD 7.71USD 1,387,800SEC filing ↗
2026-05-18ALFRED MICHAELPurchase (P)Class A Common Stock220,000USD 8.20USD 1,804,000SEC filing ↗
2026-05-15ALFRED MICHAELPurchase (P)Class A Common Stock365,000USD 8.34USD 3,044,100SEC filing ↗
2025-08-22Naheta Akshay SudhirPurchase (P)Class A Common Stock30,000USD 8.55USD 256,500SEC filing ↗
2025-08-21Naheta Akshay SudhirPurchase (P)Class A Common Stock150,000USD 8.12USD 1,218,000SEC filing ↗
2024-04-25Intercontinental Exchange Holdings, Inc.; Intercontinental Exchange, Inc.Purchase (P)Class A Common Stock350,880USD 0.87USD 305,266SEC filing ↗
2024-03-04Intercontinental Exchange Holdings, Inc.; Intercontinental Exchange, Inc.Purchase (P)Class A Common Stock2,762,009USD 0.87USD 2,402,948SEC filing ↗
2021-01-29Alpine Global Management, LLC; Alpine Partners (BVI), L.P.Purchase (P)Class A Shares3,344USD 14.68USD 49,090SEC filing ↗
2021-01-28Alpine Global Management, LLC; Alpine Partners (BVI), L.P.Purchase (P)Class A Shares3,577USD 13.98USD 50,006SEC filing ↗
2021-01-27Alpine Global Management, LLC; Alpine Partners (BVI), L.P.Purchase (P)Class A Shares259,523USD 14.06USD 3,648,893SEC filing ↗
2021-01-26Alpine Global Management, LLC; Alpine Partners (BVI), L.P.Purchase (P)Class A Shares, par value $0.0001 ("Class A Shares")258,788USD 15.07USD 3,899,935SEC filing ↗

Form 4 evidence

53 transaction lines in the latest 365-day window; 318 in local history.

DateOwnerTypeSecuritySharesAvg. priceApprox. valueSource
2026-09-30Naheta Akshay SudhirAward / grant (A)Class A Common Stock243,454USD 0.00USD 0SEC filing ↗
2026-09-30Henderson Joseph Sean-WalshAward / grant (A)Class A Common Stock20,000USD 0.00USD 0SEC filing ↗
2026-09-30D'Annunzio MarcAward / grant (A)Class A Common Stock45,000USD 0.00USD 0SEC filing ↗
Show recent Form 4 evidence (30 grouped rows)
DateOwnerTypeSecuritySharesAvg. priceApprox. valueSource
2026-09-30Naheta Akshay SudhirAward / grant (A)Class A Common Stock243,454USD 0.00USD 0SEC filing ↗
2026-09-30Henderson Joseph Sean-WalshAward / grant (A)Class A Common Stock20,000USD 0.00USD 0SEC filing ↗
2026-09-30D'Annunzio MarcAward / grant (A)Class A Common Stock45,000USD 0.00USD 0SEC filing ↗
2026-09-30Baes NicholasAward / grant (A)Class A Common Stock30,000USD 0.00USD 0SEC filing ↗
2026-09-23Henderson Joseph Sean-WalshSale (S)Class A Common Stock282USD 8.61USD 2,428SEC filing ↗
2026-09-23D'Annunzio MarcSale (S)Class A Common Stock1,272USD 8.61USD 10,952SEC filing ↗
2026-09-23Baes NicholasSale (S)Class A Common Stock1,272USD 8.61USD 10,952SEC filing ↗
2026-08-18ALFRED MICHAELPurchase (P)Class A Common Stock296,567USD 7.12USD 2,111,557SEC filing ↗
2026-07-15Henderson Joseph Sean-WalshSale (S)Class A Common Stock94USD 8.33USD 783SEC filing ↗
2026-07-15D'Annunzio MarcSale (S)Class A Common Stock539USD 8.44USD 4,549SEC filing ↗
2026-07-15Alexander KarenSale (S)Class A Common Stock657USD 8.44USD 5,545SEC filing ↗
2026-06-26D'Annunzio MarcSale (S)Class A Common Stock1,357USD 7.71USD 10,462SEC filing ↗
2026-06-25Henderson Joseph Sean-WalshSale (S)Class A Common Stock349USD 7.93USD 2,768SEC filing ↗
2026-06-25D'Annunzio MarcSale (S)Class A Common Stock1,562USD 7.93USD 12,387SEC filing ↗
2026-06-25Baes NicholasSale (S)Class A Common Stock1,562USD 7.93USD 12,387SEC filing ↗
2026-06-25Alexander KarenSale (S)Class A Common Stock1,907USD 7.93USD 15,123SEC filing ↗
2026-06-10ALFRED MICHAELPurchase (P)Class A Common Stock100,000USD 7.83USD 783,000SEC filing ↗
2026-06-09ALFRED MICHAELPurchase (P)Class A Common Stock180,000USD 7.71USD 1,387,800SEC filing ↗
2026-05-18ALFRED MICHAELPurchase (P)Class A Common Stock220,000USD 8.20USD 1,804,000SEC filing ↗
2026-05-15D'Annunzio MarcOption exercise / conversion (M)Class A Common Stock1,677USD 10.00USD 16,770SEC filing ↗
2026-05-15Baes NicholasOption exercise / conversion (M)Class A Common Stock671USD 10.00USD 6,710SEC filing ↗
2026-05-15Alexander KarenOption exercise / conversion (M)Class A Common Stock335USD 10.00USD 3,350SEC filing ↗
2026-05-15Naheta Akshay SudhirOption exercise / conversion (M)Class A Common Stock33,557USD 10.00USD 335,570SEC filing ↗
2026-05-15ALFRED MICHAELPurchase (P)Class A Common Stock365,000USD 8.34USD 3,044,100SEC filing ↗
2026-04-30Naheta Akshay SudhirAward / grant (A)Class A Common Stock7,927,831USD —USD —SEC filing ↗
2026-04-28D'Annunzio MarcSale (S)Class A Common Stock7,780USD 8.86USD 68,916SEC filing ↗
2026-04-28Baes NicholasSale (S)Class A Common Stock2,352USD 9.13USD 21,474SEC filing ↗
2026-04-28Alexander KarenSale (S)Class A Common Stock4,684USD 9.13USD 42,765SEC filing ↗
2026-04-06Baes NicholasSale (S)Class A Common Stock711USD 7.56USD 5,375SEC filing ↗
2026-03-30D'Annunzio MarcSale (S)Class A Common Stock5,342USD 7.08USD 37,821SEC filing ↗

Multiple price lines in one filing are grouped and share-weighted. Price and value are blank when a grouped filing line lacks price evidence.

Snapshot & identity

Snapshot date2026-10-18
Ranking versionUS-v1.2
Data qualityPASS ELIGIBLE · —
TickerBKKT
CIK0001820302
SectorTechnology
IndustrySoftware—Infrastructure Yahoo Finance
SEC SIC6199 Finance Services
ExchangeNYSE

Data coverage

Local Form 4 history318 transaction lines from 2021-01-26 to 2026-09-30
14 P purchase lines · 81 S sale lines · 223 other lines
SEC company submissionsOpen SEC filings ↗

Local ledger as of 2026-10-18. Mapping status is an audit field and does not erase SEC filing evidence.