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

Role: General Counsel and Secretary
Signature: /s/ Evan Barth, attorney-in-fact
Stock symbol: KD
Transactions as of: Aug 1, 2023
Transactions value $: $442,814
Form type: 4
Date filed: 8/2/2023, 05:44 PM
Previous filing: Jun 9, 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	$525K	+39.3K	+32.92%	$13.37	159K	Aug 1, 2023	Direct	F1
transaction	KD	Common Stock	Tax liability	-$82.2K	-6.15K	-3.88%	$13.37	152K	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 the Reporting Person's tax withholding obligation upon the vesting of 12,364 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 the Reporting Person's tax withholding obligation upon the vesting of 12,364 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.