Alyeska Investment Group Reports New 9.99% Stake in Bakkt, Inc. (BKKT)

Alyeska Investment Group, L.P., along with Alyeska Fund GP, LLC and Anand Parekh, filed a Schedule 13G on May 15, 2026, reporting a new 9.99% stake in Bakkt, Inc. (BKKT). As of the event date on March 31, 2026, the reporting persons beneficially own 3,053,153 shares of Class A Common Stock. This position consists of 1,023,810 shares held directly and 2,029,343 shares issuable upon the exercise of pre-funded warrants. Although the reporting persons hold warrants exercisable for up to 2,475,201 shares, a beneficial ownership limitation prevents them from exercising any amount that would result in owning more than 9.99% of the outstanding common stock. Alyeska Investment Group acts as the investment manager for Alyeska Master Fund, L.P., and Anand Parekh, as CEO, may be deemed a beneficial owner. The filing indicates the securities were acquired in the ordinary course of business without the intent to influence or change the control of the issuer.