A. Hester Stephen - Jul 25, 2024 Form 4 Insider Report for Kyndryl Holdings, Inc. (KD)

Role: Director
Signature: /s/ Evan Barth, attorney-in-fact
Stock symbol: KD
Transactions as of: Jul 25, 2024
Transactions value $: $83,661
Form type: 4
Date filed: 7/29/2024, 04:53 PM
Previous filing: Jul 31, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KD	Common Stock	Tax liability	-$126K	-4.69K	-9.38%	$26.97	45.2K	Jul 25, 2024	Direct	F1
transaction	KD	Common Stock	Award	$210K	+7.79K	+17.21%	$26.97	53K	Jul 25, 2024	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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 15,614 restricted stock units previously granted on July 27, 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.
F2	Represents a grant of restricted stock units which will vest in full on the earlier of the anniversary of the grant date and the date of the Issuer's 2025 Annual Meeting of Stockholders (provided that the date of such annual meeting is at least 50 weeks after the date of the Issuer's 2024 Annual Meeting of Stockholders).

Content

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 15,614 restricted stock units previously granted on July 27, 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.

Represents a grant of restricted stock units which will vest in full on the earlier of the anniversary of the grant date and the date of the Issuer's 2025 Annual Meeting of Stockholders (provided that the date of such annual meeting is at least 50 weeks after the date of the Issuer's 2024 Annual Meeting of Stockholders).