[Form 4] Kyndryl Holdings, Inc. Insider Trading Activity

Rhea-AI Filing Summary

On 08/01/2025 MillerKnoll (MLKN) Chief Financial Officer Jeffrey M. Stutz reported routine equity activity under the company’s long-term incentive programs.

• Conversions (Code M): 4,632 and 5,391 restricted stock units (RSUs) were converted into an equal number of common shares at a $0 exercise price.
• Tax Withholding Sales (Code F): 9 separate share-withholding transactions totalling 6,999.3 shares were executed at $18.21 to cover statutory taxes.
• Equity Awards (Code A): Performance Share Unit vesting generated 6,359 new shares issued at no cost pursuant to the 2020 LTIP.

Following the transactions the CFO now holds 80,029.69 common shares directly and 14,586.87 shares indirectly through a profit-sharing plan. He also retains 66,026 and 60,635 unvested RSUs, each settling 1-for-1 into common stock on a 25-25-50 schedule over three years ending 08/01/2027.

No purchase of open-market shares occurred; all disposals were automatic tax-withholding. The filing does not disclose any changes to company fundamentals or guidance.

Positive

• CFO’s direct ownership increases by ~5,400 shares, reinforcing alignment with shareholders.

Negative

• Share disposals of 6,999 shares occurred, albeit solely for tax withholding purposes.

Insights

Senior Securities Analyst

TL;DR: Routine vesting; CFO retains large stake, no open-market selling—neutral signal.

The Form 4 shows standard LTIP activity: RSU/PSU vesting, share issuance, and tax-related forfeitures at $18.21. Net share count held by the CFO increased by roughly 5,400 shares, and he continues to hold >80 k shares plus substantial unvested RSUs. Because disposals were for tax withholding—not discretionary selling—there is no bearish read-through. The size of the holdings (≈$1.5 m at current price) aligns management incentives with shareholders, but the transactions themselves do not indicate any new information about MLKN’s outlook. I view the filing as neutral, not impactful.

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^*

Wyshner David B

(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)
	CFO

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

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	08/01/2025		F		16,866(1)	D	$36.58	656,437	D
Common Stock	08/01/2025		F		13,391(2)	D	$36.58	643,046	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 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 32,972 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 26,178 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.

	/s/ Evan Barth, attorney-in-fact	08/05/2025
	** 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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FAQ

How many MLKN shares does CFO Jeffrey Stutz now own?

He directly owns 80,029.69 shares and indirectly 14,586.87 through a profit-sharing plan.

Were any open-market sales involved in this Form 4?

No. All disposals were automatic tax-withholding (Code F) at $18.21 per share.

What equity awards vested for the CFO on 08/01/2025?

The filing shows 4,632 and 5,391 RSUs converted plus 6,359 shares issued from Performance Share Units under the 2020 LTIP.

What is the vesting schedule for the remaining RSUs?

Unvested RSUs vest 25 % in year 1, 25 % in year 2, 50 % in year 3, each August 1.

Does the filing indicate any change to MillerKnoll’s outlook?

No. The Form 4 only details insider equity transactions and contains no operational or earnings guidance.