[Form 4] INTERNATIONAL BUSINESS MACHINES CORP Insider Trading Activity

Rhea-AI Filing Summary

INTERNATIONAL BUSINESS MACHINES CORP Senior Vice President and CFO James J. Kavanaugh reported awards of equity-based compensation. He acquired 10,364 restricted stock units and 41,455 employee stock options on February 26, 2026, each granted at a price of $0.00 per unit or option.

The restricted stock units are scheduled to lapse in four equal portions of 2,591 units on February 26 of 2027, 2028, 2029 and 2030, and may be settled in cash or IBM common stock. The stock options vest in four equal annual installments and expire on the dates indicated in the award terms.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider KAVANAUGH JAMES J

Role Sr. VP and CFO

Type	Security	Shares	Price	Value
Grant/Award	Rst. Stock Unit	10,364	$0.00	--
Grant/Award	Emp. Stock Option (right to buy)	41,455	$0.00	--

Holdings After Transaction: Rst. Stock Unit — 10,364 shares (Direct); Emp. Stock Option (right to buy) — 41,455 shares (Direct)

Footnotes (1)

1. Upon lapse of the restrictions, these units are payable in cash or the company's common stock. The restrictions lapse for 2,591 of these units on February 26, 2027, 2,591 of these units on February 26, 2028, 2,591 of these units on February 26, 2029, and 2,591 of these units on February 26, 2030. These derivative securities vest in four equal annual installments, the first vesting being on the date exercisable shown. All expire on the expiration date shown above.

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
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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^*

KAVANAUGH JAMES J

(Last) (First) (Middle)

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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Sr. VP and CFO

3. Date of Earliest Transaction (Month/Day/Year)
02/26/2026

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

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
Rst. Stock Unit	$0.00(1)	02/26/2026		A(1)		10,364		(1)	(1)	Common Stock	10,364	$0.00	10,364	D
Emp. Stock Option (right to buy)	$243.22	02/26/2026		A		41,455		02/26/2027(2)	02/25/2036(2)	Common Stock	41,455	$0.00	41,455	D

Explanation of Responses:

1. Upon lapse of the restrictions, these units are payable in cash or the company's common stock. The restrictions lapse for 2,591 of these units on February 26, 2027, 2,591 of these units on February 26, 2028, 2,591 of these units on February 26, 2029, and 2,591 of these units on February 26, 2030.

2. These derivative securities vest in four equal annual installments, the first vesting being on the date exercisable shown. All expire on the expiration date shown above.

Remarks:

	L. Mallardi on behalf of J. J. Kavanaugh	02/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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