A. Hester Stephen - Jul 27, 2023 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 27, 2023
Transactions value $: $157,822
Form type: 4
Date filed: 7/31/2023, 05:24 PM
Previous filing: Dec 20, 2022
Next filing: Jul 29, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KD	Common Stock	Award	$210K	+15.6K	+40.88%	$13.45	53.8K	Jul 27, 2023	Direct	F1
transaction	KD	Common Stock	Tax liability	-$52.2K	-3.88K	-7.21%	$13.45	49.9K	Jul 27, 2023	Direct	F2

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

Explanation of Responses:

Id	Content
F1	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 2024 annual meeting of stockholders (provided that the date of such annual meeting is at least 50 weeks after the date of the Issuer's 2023 annual meeting of stockholders).
F2	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 19,399 restricted stock units previously granted on July 28, 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.

Content

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 2024 annual meeting of stockholders (provided that the date of such annual meeting is at least 50 weeks after the date of the Issuer's 2023 annual meeting of stockholders).

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 19,399 restricted stock units previously granted on July 28, 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.