Bakkt I (BKKT) AGM 2025 summary

Opening remarks and agenda

• The meeting was reconvened after a prior adjournment, with Sean Collins presiding as Chair and a contingency plan in place for leadership if disconnected.

• Management and key representatives, including both Co-CEOs, CFO, legal counsel, investor relations, and independent public accountants, were present.

• The agenda included voting on six proposals as described in the proxy statement, followed by a Q&A session and announcement of preliminary voting results.

Shareholder proposals

• Six proposals were presented: election of three Class I directors, amendment to the 2021 Incentive Plan, two amendments to the Certificate of Incorporation (officer exculpation and increase in authorized shares), advisory vote on executive compensation, and advisory vote on frequency of such votes.

• The board recommended approval of all proposals and annual frequency for advisory votes on executive compensation.

Q&A with stakeholders

• Stockholders were invited to submit questions relevant to the meeting agenda, with responses provided as time allowed and instructions for follow-up after the meeting.

• Legal and regulatory constraints were noted, including prohibitions on sharing material non-public information and the forward-looking nature of some responses.