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Kyndryl Holdings (NYSE: KD) CFO logs 2,961-share tax withholding

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Kyndryl Holdings, Inc. reported that Interim CFO Harsh Chugh had 1,673 and 1,288 shares of common stock withheld on August 1, 2026 at $13.48 per share to satisfy tax withholding on the vesting of 4,122 and 3,272 restricted stock units. These shares were withheld by the issuer rather than sold on the market, and the transactions were not reported as made under a Rule 10b5-1 trading plan.

Positive

  • None.

Negative

  • None.
Insider Chugh Harsh
Role Interim CFO
Type Security Shares Price Value
Tax Withholding Common Stock F1 1,673 $13.48 $23K
Tax Withholding Common Stock F2 1,288 $13.48 $17K
Holdings After Transaction: Common Stock — 181,494 shares (Direct)
Footnotes (2)
  1. F1. Represents the withholding from delivery of shares of Common Stock from the Issuer to satisfy the Reporting Person's tax withholding obligation upon the vesting of 4,122 restricted stock units previously granted on August 1, 2022 to the Reporting Person. These shares of Common Stock were not sold by the Reporting Person but were instead offset from the total number of vested shares of Common Stock received by the Reporting Person from the Issuer.
  2. F2. Represents the withholding from delivery of shares of Common Stock from the Issuer to satisfy the Reporting Person's tax withholding obligation upon the vesting of 3,272 restricted stock units previously granted on August 1, 2023 to the Reporting Person. These shares of Common Stock were not sold by the Reporting Person but were instead offset from the total number of vested shares of Common Stock received by the Reporting Person from the Issuer.
Shares withheld for taxes (2022 RSUs) 1,673 shares Common stock withheld on August 1, 2026 to satisfy tax on vesting of 4,122 RSUs granted August 1, 2022
Shares withheld for taxes (2023 RSUs) 1,288 shares Common stock withheld on August 1, 2026 to satisfy tax on vesting of 3,272 RSUs granted August 1, 2023
Tax withholding reference price $13.48 per share Value used for both tax-withholding dispositions reported on August 1, 2026
Total shares withheld for tax obligations 2,961 shares Sum of shares withheld across both tax-withholding dispositions (Form 4 transaction summary)
RSUs vested from 2022 grant 4,122 units Restricted stock units previously granted on August 1, 2022 that vested and triggered tax withholding
RSUs vested from 2023 grant 3,272 units Restricted stock units previously granted on August 1, 2023 that vested and triggered tax withholding
restricted stock units financial
"upon the vesting of 4,122 restricted stock units previously granted"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligation financial
"to satisfy the Reporting Person's tax withholding obligation upon the vesting"
withholding from delivery of shares financial
"Represents the withholding from delivery of shares of Common Stock from the Issuer"
Power of Attorney regulatory
"Exhibit 24.1 - Power of Attorney"
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.

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

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What did Kyndryl (KD) Interim CFO Harsh Chugh report on this Form 4?
It shows that Interim CFO Harsh Chugh had 1,673 and 1,288 Kyndryl common shares withheld on August 1, 2026 at $13.48 per share. The shares covered tax obligations from vesting restricted stock units and were retained by the issuer rather than sold.

How many KD shares were withheld for Harsh Chugh and at what price?
A total of 2,961 Kyndryl (KD) shares were withheld: one block of 1,673 and another of 1,288 common shares. Both tax-withholding dispositions used a reference value of $13.48 per share to satisfy income tax obligations on vested restricted stock units.

What RSU awards triggered the tax withholding for KD’s Interim CFO?
The tax withholding related to vesting of 4,122 restricted stock units granted on August 1, 2022 and 3,272 restricted stock units granted on August 1, 2023. When these awards vested, a portion of the resulting shares was withheld to cover associated tax obligations.

Were Harsh Chugh’s KD share transactions open-market sales?
No. Footnotes state that the 1,673 and 1,288 Kyndryl shares were not sold by Harsh Chugh. Instead, they were withheld from delivery by the issuer solely to satisfy his tax withholding obligations arising from the vesting of restricted stock unit awards.

Were these KD transactions reported under a Rule 10b5-1 trading plan?
The report indicates the transactions were not made under a Rule 10b5-1 trading plan, as the corresponding checkbox is unchecked. The footnotes describe routine tax withholding on RSU vesting, with no reference to any pre-arranged trading plan governing these specific transactions.
SEC Form 4
FORM 4UNITED 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*
Chugh Harsh
(Last)(First)(Middle)
ONE VANDERBILT AVENUE, 15TH FLOOR
(Street)
NEW YORK NEW YORK 10017
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Kyndryl Holdings, Inc. [ KD ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Interim CFO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock08/01/2026F1,673(1)D$13.48182,782D
Common Stock08/01/2026F1,288(2)D$13.48181,494D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents the withholding from delivery of shares of Common Stock from the Issuer to satisfy the Reporting Person's tax withholding obligation upon the vesting of 4,122 restricted stock units previously granted on August 1, 2022 to the Reporting Person. These shares of Common Stock were not sold by the Reporting Person but were instead offset from the total number of vested shares of Common Stock received by the Reporting Person from the Issuer.
2. Represents the withholding from delivery of shares of Common Stock from the Issuer to satisfy the Reporting Person's tax withholding obligation upon the vesting of 3,272 restricted stock units previously granted on August 1, 2023 to the Reporting Person. These shares of Common Stock were not sold by the Reporting Person but were instead offset from the total number of vested shares of Common Stock received by the Reporting Person from the Issuer.
Remarks:
Exhibit List - Exhibit 24.1 - Power of Attorney
/s/ Ann Schlaffman, attorney-in-fact08/04/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR