Bakkt Holdings, Inc. filed a revised proposal on October 22, 2025, to grant 2,000,000 stock options to select management members, down from 7,450,000, after feedback from shareholders; a special meeting for approval is scheduled for October 31, 2025. Additionally, the proposal aims to align management incentives with shareholder interests and may dilute current shareholdings by up to 8% upon full exercise of the options.