Bakkt general counsel D’Annunzio sells $10,951 in BKKT stock

Bakkt general counsel Marc D’Annunzio sold 1,272 shares of the company’s Class A Common Stock on September 23, 2026, for a total of $10,951. The shares were sold at $8.61 per share, slightly above the current stock price of $8.50. This transaction was made to cover tax obligations associated with the vesting of restricted stock units.

Following the sale, D’Annunzio beneficially owns 107,006 shares of Bakkt Class A Common Stock, including 8,553 shares subject to restricted stock units that remain subject to vesting. Bakkt reported its financial results for the second quarter of 2026, with diluted earnings per share of $1.94, surpassing Wall Street’s estimate of $0.07.

However, revenue fell short at $170.14 million compared to the anticipated $314.77 million. Despite this earnings success, Benchmark has lowered its price target on Bakkt from $19.00 to $12.00, while maintaining a Buy rating, citing a 70% year-over-year revenue decline as a key factor.

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