Michael Alfred, a director at Bakkt, Inc. (NASDAQ:BKKT), recently acquired 585,000 shares of Class A Common Stock worth approximately $4.85 million.
The transactions occurred on May 15 and May 18, 2026, at prices ranging from $8.20 to $8.34 per share. The purchases come amid significant stock volatility, with shares falling 12% in the past week and 49% over six months.
All acquisitions were made indirectly through Alpine Fox LP, an entity Alfred controls. His indirect holdings now total 625,000 shares.
Alfred also directly holds 28,476 shares subject to restricted stock units (RSUs).
In other news, Bakkt Holdings reported Q1 2026 earnings, highlighting the sale of its loyalty business and a focus on digital asset infrastructure. Benchmark lowered its price target from $22 to $19 but maintained a Buy rating.
