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Kyndryl (KD) interim CFO logs 55,119 RSU grant and 1,157-share tax withholding

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

Rhea-AI Filing Summary

Kyndryl Holdings Interim CFO Harsh Chugh reported routine equity compensation activity in common stock. On June 1, 2026, he received a grant of 55,119 restricted stock units that vest in four equal annual installments beginning on June 3, 2027, bringing his holdings to 186,263 shares at that time. On June 2, 2026, 1,157 shares were withheld by the company at $12.62 per share to cover tax obligations upon vesting of earlier RSUs, reducing his direct holdings to 185,106 shares; these withheld shares were not sold on the open market.

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Insider Chugh Harsh
Role Interim CFO
Type Security Shares Price Value
Tax Withholding Common Stock 1,157 $12.62 $15K
Grant/Award Common Stock 55,119 $0.00 --
Holdings After Transaction: Common Stock — 185,106 shares (Direct, null)
Footnotes (1)
  1. Represents a grant of restricted stock units that vest in four equal annual installments beginning on June 3, 2027. 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 2,939 restricted stock units previously granted on June 2, 2025 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.
RSU grant size 55,119 RSUs Granted June 1, 2026, vesting over four years
Tax withholding shares 1,157 shares Withheld June 2, 2026 to cover tax on vested RSUs
Withholding reference price $12.62 per share Value used for tax-withholding disposition
Shares after grant 186,263 shares Direct holdings after June 1, 2026 RSU grant
Shares after withholding 185,106 shares Direct holdings after June 2, 2026 tax withholding
Prior RSU vesting 2,939 RSUs Previously granted on June 2, 2025 and vested, triggering withholding
restricted stock units financial
"Represents a grant of restricted stock units that vest in four equal annual installments"
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 of 2,939 restricted stock units"
vesting financial
"vest in four equal annual installments beginning on June 3, 2027"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
payment of exercise price or tax liability by delivering securities financial
"transaction_code_description: Payment of exercise price or tax liability by delivering securities"
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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)
06/01/2026
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 Stock06/01/2026A55,119(1)A$0186,263D
Common Stock06/02/2026F1,157(2)D$12.62185,106D
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 a grant of restricted stock units that vest in four equal annual installments beginning on June 3, 2027.
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 2,939 restricted stock units previously granted on June 2, 2025 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.
/s/ Evan Barth, Attorney-in-Fact06/03/2026
** 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)

FAQ

What insider transactions did Kyndryl (KD) Interim CFO Harsh Chugh report?

Harsh Chugh reported a grant of 55,119 restricted stock units and a separate tax-related share withholding. The grant increased his holdings, while 1,157 shares were withheld by the company to satisfy tax obligations on previously vested RSUs.

How many Kyndryl (KD) shares did Harsh Chugh receive in the latest equity grant?

He received 55,119 restricted stock units of Kyndryl common stock. These units vest in four equal annual installments starting June 3, 2027, providing compensation that is spread over several years rather than delivered all at once in immediately tradable shares.

Were any of Harsh Chugh’s Kyndryl (KD) shares sold in the reported Form 4 transactions?

No open-market sales were reported. The 1,157 shares shown as a disposition were withheld by Kyndryl to cover tax obligations on vested RSUs, offsetting shares before delivery rather than being sold by Chugh in the market.

How many Kyndryl (KD) shares does Harsh Chugh hold after these transactions?

Following the June 2, 2026 tax-withholding disposition, Harsh Chugh holds 185,106 shares of Kyndryl common stock directly. This reflects his position after receiving 55,119 RSUs and having 1,157 shares withheld to satisfy related tax liabilities.

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

The 55,119 restricted stock units will vest in four equal annual installments beginning on June 3, 2027. Each year, one-quarter of the grant becomes actual shares, aligning compensation with ongoing service and company performance over time.

What caused the tax withholding transaction in Harsh Chugh’s Kyndryl (KD) Form 4?

The tax withholding arose from the vesting of 2,939 previously granted RSUs from June 2, 2025. To satisfy his tax obligation, 1,157 shares of common stock were withheld by Kyndryl instead of being delivered, as described in the Form 4 footnote.