IBM director buys 434 shares in open market

INTERNATIONAL BUSINESS MACHINES CORP director Michael Miebach reported an open-market purchase of IBM common stock.

Accepted by SEC EDGAR 02/25/2026 - 04:32 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

INTERNATIONAL BUSINESS MACHINES CORP director Michael Miebach reported an open-market purchase of IBM common stock. He bought 434 shares on February 25, 2026 at a weighted average price of about $233.33 per share, with individual trade prices ranging from $233.19 to $233.48. Following this transaction, he directly holds 434 IBM common shares.

Insider Trade Summary

Net Buyer: 434 shares

Net Buy 1 txn

Insider Miebach Michael

Role Director

Bought 434 shs ($101K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	434	$233.3261	$101K

Holdings After Transaction: Common Stock — 434 shares (Direct)

Holdings Before and After: Common Stock, 0 to 434 shares (Direct)

Other Insiders: 2 other insiders reported open-market purchases of this stock in the 30 days up to this filing.

Footnotes (1)

1. F1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $233.19 to $233.48, inclusive. The reporting person undertakes to provide to International Business Machines Corporation (IBM), any security holder of IBM, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote (1) to this Form 4.

FAQ

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What insider transaction did IBM (IBM) director Michael Miebach report?

Michael Miebach reported buying 434 shares of IBM common stock in an open-market transaction. The purchase was recorded as a direct ownership position and reflects his total holdings of 434 IBM shares after the transaction.

At what price did Michael Miebach buy IBM (IBM) shares in this Form 4?

He bought IBM shares at a weighted average price of approximately $233.33 per share. Individual trades occurred in multiple transactions, with prices ranging from $233.19 to $233.48, as disclosed in the Form 4 footnote.

How many IBM (IBM) shares does Michael Miebach own after this transaction?

After the reported purchase, Michael Miebach directly owns 434 shares of IBM common stock. The Form 4 shows that the 434 shares acquired in this transaction equal his total direct holdings following the trade.

What does the weighted average price disclosure mean in Michael Miebach’s IBM (IBM) filing?

The weighted average price indicates his 434 IBM shares were bought through multiple trades between $233.19 and $233.48. The company notes that detailed trade-by-trade pricing is available upon request to IBM, its security holders, or SEC staff.

Was Michael Miebach’s IBM (IBM) share purchase direct or through another entity?

The filing classifies the 434 IBM shares as directly owned common stock. There is no footnote indicating another entity or a trust; the ownership type is listed as direct in the Form 4 data.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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
Estimated average burden
hours per response:			0.5

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^*

Miebach Michael

(Last) (First) (Middle)

C/O SECRETARY'S OFFICE, IBM CORPORATION

ONE NEW ORCHARD ROAD

(Street)

ARMONK NY 10504

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
INTERNATIONAL BUSINESS MACHINES CORP [ IBM ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026

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	02/25/2026		P		434	A	$233.3261(1)	434	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. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $233.19 to $233.48, inclusive. The reporting person undertakes to provide to International Business Machines Corporation (IBM), any security holder of IBM, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote (1) to this Form 4.

Remarks:

	L. Mallardi on behalf of M. Miebach	02/25/2026
	** 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.