Michael Alfred

Director Michael Alfred purchases 280,000 shares at $7.75 avg ($2.2M), expanding stake 44.8%, amid -33.1% revenue decline

Michael Alfred, a Director at Bakkt, executed 2 separate purchases totaling 280,000 shares for $2,170,800.00 ($2.2M) over two consecutive trading days at a blended average price of $7.75, expanding his post-transaction holdings to 905,000 shares from 625,000 shares. The timing follows periods of significant stock deterioration: the current price of $8.43 sits -83.1% below the 52-week high of $49.79, and the company's annual revenue growth has contracted -33.1% year-over-year while net income remains deeply negative at $-11,650,000.00. Alfred's cross-ticker track record shows limited historical success (2 prior buys with average 30-day return of +1.1%), and his two prior trades at BKKT on 2026-05-15 and 2026-05-18 have not yet produced measurable 90-day outcomes. The material size of this purchase—44.8% expansion of his prior holdings—occurs when the stock has recovered only 5.1% over 30 days against a challenging fundamental backdrop marked by revenue contraction and persistent unprofitability.

Director Michael Alfred purchased 585,000 shares for $4,848,100.00 across 2 transactions, expanding stake from 40,000 to 625,000 shares (+1462.5%).

Michael Alfred, a Director at Bakkt, Inc., executed two separate share purchases totaling 585,000 shares for $4,848,100.00 on May 15 and May 18, 2026, at an average price of $8.29. His holdings expanded dramatically from 40,000 to 625,000 shares, representing a 1462.5% increase in his stake. This substantial acquisition occurred while the stock trades at $8.72, down 5.1% over the past 30 days and 15.0% over the past 90 days, well below its 52-week high of $49.79. The company reported negative net income of $-11.6M on recent quarterly revenue of $577.9M, with annual revenue declining 33.1% year-over-year, presenting a contracting and unprofitable business. The scale and timing of this multi-transaction purchase merit investor scrutiny given the company's operational headwinds and the director's substantial capital commitment at depressed valuation levels relative to the year's trading range.