IBM (NYSE: IBM) director Michelle Howard buys 50 shares in open-market purchase

Rhea-AI Filing Summary

INTERNATIONAL BUSINESS MACHINES CORP director buys shares on the open market. Director Michelle J. Howard purchased 50 shares of IBM common stock in an open-market transaction at a price of $237.8293 per share, bringing her directly owned stake to 194 shares after the transaction.

Insider Trade Summary

Net Buyer: 50 shares ($11,891)

Net Buy 1 txn

Insider HOWARD MICHELLE J

Role Director

Bought 50 shs ($12K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	50	$237.8293	$12K

Holdings After Transaction: Common Stock — 194 shares (Direct)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

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^*

HOWARD MICHELLE J

(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		50	A	$237.8293	194	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:

Remarks:

	L. Mallardi on behalf of M. J. Howard	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.

FAQ

What insider transaction did IBM director Michelle J. Howard report on Form 4?

IBM director Michelle J. Howard reported an open-market purchase of 50 shares of IBM common stock. The shares were bought at a price of $237.8293 per share, increasing her directly owned holdings to a total of 194 shares following the transaction.

Was the IBM insider transaction by Michelle J. Howard a buy or a sell?

The IBM insider transaction was a buy. Director Michelle J. Howard executed an open-market purchase of 50 shares of IBM common stock, classified under transaction code “P,” which indicates a purchase in the open market or a private transaction under SEC reporting rules.

How many IBM shares does Michelle J. Howard own after this reported Form 4 trade?

After the reported transaction, Michelle J. Howard directly owns 194 IBM common shares. This total reflects her prior holdings plus the 50 shares she acquired in the open-market purchase disclosed in the Form 4, all categorized as directly held ownership under the filing.

At what price did IBM director Michelle J. Howard purchase her shares?

Michelle J. Howard purchased 50 IBM common shares at $237.8293 per share. This price represents the transaction’s average per-share consideration for the open-market buy reported, and it is specifically disclosed in the Form 4 insider trading report filed with regulators.

What does transaction code “P” mean in the IBM Form 4 for Michelle J. Howard?

Transaction code “P” on the IBM Form 4 indicates a purchase in the open market or a private transaction. In this case, it confirms that Michelle J. Howard acquired IBM common stock by buying 50 shares as a standard open-market purchase, not through option exercise or other mechanisms.