Kyndryl (KD) interim CFO Harsh Chugh receives 39,841-share RSU grant

Rhea-AI Filing Summary

Kyndryl Holdings, Inc. reported that Interim Chief Financial Officer Harsh Chugh acquired 39,841 shares of common stock through a grant of restricted stock units. These RSUs were granted in connection with his appointment as Interim CFO and will vest six months from the grant date. After this award, his direct holdings increased to 100,343 shares of Kyndryl common stock.

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

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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^*

Chugh Harsh

(Last) (First) (Middle)

ONE VANDERBILT AVENUE

15TH FLOOR

(Street)

NEW YORK NY 10017

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Kyndryl Holdings, Inc. [ KD ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

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	03/02/2026		A		39,841(1)	A	$0	100,343	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 a grant, in connection with the Reporting Person's appointment as Interim Chief Financial Officer in February 2026, of restricted stock units that will vest 6 months from the grant date, with a grant date fair value based on the average of the high and low prices of the Company's common stock on the New York Stock Exchange on the grant date.

	/s/ Evan Barth, attorney-in-fact	03/04/2026
	** 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).
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FAQ

What insider transaction did Kyndryl (KD) report for Harsh Chugh?

Kyndryl reported that Interim CFO Harsh Chugh received a grant of 39,841 restricted stock units of common stock. The grant was made in connection with his appointment as Interim Chief Financial Officer in February 2026.

How many Kyndryl (KD) shares did Harsh Chugh hold after this Form 4 transaction?

After the reported grant, Harsh Chugh directly owned 100,343 shares of Kyndryl common stock. This total reflects the impact of the 39,841-share restricted stock unit award disclosed in the Form 4 filing.

What type of equity award did Kyndryl (KD) grant to Interim CFO Harsh Chugh?

Kyndryl granted Interim CFO Harsh Chugh restricted stock units representing 39,841 shares of common stock. The award is categorized as a grant, award, or other acquisition rather than an open-market purchase or sale.

When will Harsh Chugh’s restricted stock units from Kyndryl (KD) vest?

The restricted stock units awarded to Harsh Chugh are scheduled to vest six months from the grant date. Vesting means the units convert into common shares that he fully owns, subject to the grant’s terms.

How was the fair value of Harsh Chugh’s Kyndryl (KD) RSU grant determined?

The grant’s fair value was based on the average of the high and low trading prices of Kyndryl’s common stock on the New York Stock Exchange on the grant date. This method is described directly in the Form 4 footnote.

Did Harsh Chugh buy or sell Kyndryl (KD) shares on the market in this Form 4?

No, the Form 4 reports a grant of restricted stock units to Harsh Chugh, not a market purchase or sale. The transaction code "A" reflects a grant, award, or other acquisition with no per-share purchase price.