Elly Keinan - Aug 1, 2023 Form 4 Insider Report for Kyndryl Holdings, Inc. (KD)

Role: Group President
Signature: /s/ Evan Barth, attorney-in-fact
Stock symbol: KD
Transactions as of: Aug 1, 2023
Transactions value $: $2,196,811
Form type: 4
Date filed: 8/2/2023, 05:31 PM
Previous filing: Jul 21, 2023
Next filing: Nov 7, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KD	Common Stock	Award	$2.66M	+199K	+31.79%	$13.37	825K	Aug 1, 2023	Direct	F1
transaction	KD	Common Stock	Tax liability	-$463K	-34.6K	-4.2%	$13.37	790K	Aug 1, 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 that vest in four equal annual installments beginning on August 1, 2024.
F2	Represents the withholding from delivery of shares of Common Stock from the Issuer to satisfy then Reporting Person's tax withholding obligation upon the vesting of 62,647 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.

Content

Represents a grant of Restricted Stock Units that vest in four equal annual installments beginning on August 1, 2024.

Represents the withholding from delivery of shares of Common Stock from the Issuer to satisfy then Reporting Person's tax withholding obligation upon the vesting of 62,647 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.