INTERNATIONAL BUSINESS MACHINES CORP - 03 Nov 2021 Form 4 Insider Report for Kyndryl Holdings, Inc. (KD)

Role: Director, 10%+ Owner
Signature: /s/ Frank Sedlarcik, Vice President, Assistant General Counsel and Secretary
Issuer symbol: KD
Transactions as of: 03 Nov 2021
Net transactions value: $0
Form type: 4
Filing time: 04 Nov 2021, 17:29:37 UTC
Previous filing: 14 Oct 2021
Next filing: 23 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KD	Common stock, par value $0.01 per share	Other	$0	-179,532,969	-80%	$0.000000	44,603,072	03 Nov 2021	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The record date for the distribution by International Business Machines Corporation ("IBM") of 80.1% of the shares of Kyndryl Holdings, Inc. ("Kyndryl") common stock to the holders of IBM common stock was at the close of business on October 25, 2021. The distribution of shares of Kyndryl common stock occurred on November 3, 2021.

Remarks:

Because an employee of the reporting person was a director of Kyndryl, the reporting person was previously deemed to be a director by deputization.