STOCK TITAN

Kyndryl (KD) Group President gains PSUs as 158,786 shares withheld for tax

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

Rhea-AI Filing Summary

Kyndryl Holdings Group President Elly Keinan reported equity compensation activity tied to performance goals. He acquired 309,440 shares of common stock at $0.00 per share as a grant after pre-established performance targets were achieved over a three-year period from April 1, 2023 to March 31, 2026. To cover tax obligations on the vesting of these performance share units, 158,786 shares were withheld by the company at a reference price of $12.16 per share, and were not sold in the market. After these transactions, his direct holdings increased to 1,538,876 common shares, reflecting a net addition of 150,654 shares.

Positive

  • None.

Negative

  • None.
Insider Keinan Elly
Role Group President
Type Security Shares Price Value
Grant/Award Common Stock 309,440 $0.00 --
Tax Withholding Common Stock 158,786 $12.16 $1.93M
Holdings After Transaction: Common Stock — 1,538,876 shares (Direct, null)
Footnotes (1)
  1. Represents shares acquired by the Reporting Person upon the achievement of pre-established performance targets over a three-year performance period beginning on April 1, 2023 and ending on March 31, 2026, pursuant to a previously granted award of performance share units ("PSUs"). 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 the PSUs described herein. 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.
PSU shares granted 309,440 shares Performance share units vested for period 04/01/2023–03/31/2026
Shares withheld for tax 158,786 shares Withheld to satisfy tax obligation on PSU vesting
Withholding reference price $12.16 per share Value used for tax-withholding disposition shares
Shares after grant row 1,538,876 shares Direct common stock holdings after reported transactions
Net shares added 150,654 shares Grant minus tax-withheld shares from PSU vesting
performance share units ("PSUs") financial
"Represents shares acquired ... pursuant to a previously granted award of performance share units ("PSUs")."
tax withholding obligation financial
"to satisfy the Reporting Person's tax withholding obligation upon the vesting of the PSUs described herein."
vesting financial
"upon the vesting of the PSUs described herein."
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""
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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*
Keinan Elly

(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)
Group President
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/28/2026
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 Stock05/28/2026A309,440(1)A$01,538,876D
Common Stock05/28/2026F158,786(2)D$12.161,380,090D
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 shares acquired by the Reporting Person upon the achievement of pre-established performance targets over a three-year performance period beginning on April 1, 2023 and ending on March 31, 2026, pursuant to a previously granted award of performance share units ("PSUs").
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 the PSUs described herein. 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-Fact06/01/2026
** 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) Group President Elly Keinan report?

Elly Keinan reported vesting of performance-based equity and related tax withholding. He received 309,440 Kyndryl common shares as a grant and had 158,786 shares withheld by the company to satisfy tax obligations tied to that vesting event.

Did Elly Keinan sell any Kyndryl (KD) shares in this Form 4 filing?

The filing indicates no open market sale of Kyndryl shares. Instead, 158,786 shares were withheld by the company to cover Keinan’s tax obligation on vested performance share units, meaning those shares were offset at delivery rather than sold by him.

How many Kyndryl (KD) shares did Elly Keinan receive from performance share units?

Keinan received 309,440 Kyndryl common shares from performance share units. These shares were earned after achieving pre-set performance targets over a three-year period running from April 1, 2023 through March 31, 2026, under a previously granted PSU award.

What is Elly Keinan’s Kyndryl (KD) share ownership after these transactions?

After the reported equity grant and tax withholding, Keinan directly holds 1,538,876 Kyndryl common shares. This reflects the new shares from vested performance share units, reduced by shares withheld to satisfy tax obligations associated with that vesting event.

What price is associated with the Kyndryl (KD) shares withheld for taxes?

The 158,786 Kyndryl shares withheld for taxes are reported at $12.16 per share. This reference price is used to determine the value of shares offset against Elly Keinan’s tax withholding obligation when his performance share units vested.