David Clifton Resigns from Bakkt Board

On October 31, 2025, David Clifton resigned from the Board of Directors of Bakkt Holdings, Inc. His resignation was not due to any dispute or disagreement with the company or its board. Bakkt issued a press release on the same day announcing his departure. Clifton, an ICE executive and founding member of Bakkt's Board, played a significant role in the company's establishment and growth. ICE remains a major shareholder and continues to support Bakkt's success. The transition reflects Bakkt's maturity as a public company with an increasingly independent board and new leadership team.