[Form 4] The Carlyle Group Inc. Insider Trading Activity

Rhea-AI Filing Summary

Kyndryl Holdings (KD) Form 4: Director Jana R. Schreuder reported receipt of 6,296 restricted stock units (RSUs) on 31-Jul-2025. The RSUs carry a reference price of $38.12 and will vest in full on the earlier of the grant’s first anniversary or the company’s 2026 annual meeting, provided that meeting occurs at least 50 weeks after the 2025 AGM. Following this equity award, Schreuder’s direct beneficial ownership increased to 60,086 common shares. No sales, purchases, or derivative transactions were disclosed, signalling a routine board compensation grant aimed at aligning director and shareholder interests.

Positive

• Director’s direct holdings increased by 6,296 shares, strengthening alignment with shareholder interests.

Negative

• Issuance of new RSUs adds 6,296 potential shares, creating very minor dilution upon vesting.

Insights

Financial Analyst

TL;DR: Routine RSU grant; modestly positive alignment, immaterial share count.

The filing shows a standard non-market RSU award to a board member, boosting direct ownership to 60,086 shares. With no cash outlay or open-market activity, the impact on liquidity, valuation, or float is negligible. Grant size is small relative to Kyndryl’s overall share count, but the award reinforces governance incentives. Overall, the transaction neither materially alters insider sentiment nor signals a strategic shift.

Corporate Governance Expert

TL;DR: Governance-aligned equity grant; neutral impact on investors.

The RSU package vests within roughly one year, tying the director’s compensation to near-term performance. Such timing is common for outside directors and supports shareholder alignment without introducing complex derivative structures. Given the absence of multiple reporters or 10b5-1 trading plans, compliance risk remains low. The filing is routine and not expected to sway governance assessments.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Redett John C.

(Last) (First) (Middle)

1001 PENNSYLVANIA AVENUE, NW

(Street)

WASHINGTON DC 20004

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Carlyle Group Inc. [ CG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/01/2025		F(1)		91,126	D	$60.66	1,093,394	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares of common stock that have been withheld by the Issuer in connection with the payment of taxes resulting from the vesting of previously reported restricted stock unit awards (including previously reported dividend equivalent units accrued thereon, as applicable). No shares of common stock were sold by the reporting person.

Remarks:

	/s/ Anne K. Frederick by Power of Attorney for John C. Redett	08/01/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did KD report on 31-Jul-2025?

Director Jana R. Schreuder received 6,296 RSUs of Kyndryl common stock.

How many Kyndryl (KD) shares does Jana Schreuder now own?

After the grant, 60,086 common shares are beneficially owned directly.

At what reference price were the RSUs granted to the KD director?

The RSUs were recorded at $38.12 per share.

When will the awarded RSUs fully vest?

They vest on the earlier of the grant’s first anniversary or the 2026 annual meeting (subject to 50-week spacing).

Were any derivative securities or open-market trades disclosed?

No derivative positions, purchases, or sales were reported in this Form 4.