JOHN D. HARRIS - 16 Dec 2021 Form 4 Insider Report for Kyndryl Holdings, Inc. (KD)

Role: Director
Signature: /s/ Catherine Buckley, as attorney in fact
Issuer symbol: KD
Transactions as of: 16 Dec 2021
Net transactions value: $0
Form type: 4
Filing time: 20 Dec 2021, 15:33:57 UTC
Previous filing: 15 Dec 2021
Next filing: 01 Aug 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	Award	$0	+10,990	+19625%	$0.000000	11,046	16 Dec 2021	Direct	F2
holding	KD	Common Stock						56	16 Dec 2021	Direct	F1

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

Explanation of Responses:

Id	Content
F1	On November 3, 2021, International Business Machines Corporation ("IBM") made a pro rata distribution to IBM's stockholders of record as of close of business on October 25, 2021 of one share of common stock, par value $0.01 per share, of Kyndryl Holdings, Inc. ("Kyndryl") for every five shares of IBM common stock, par value $0.20 per share, held by each holder to effect the legal and structural separation of Kyndryl from IBM. The reporting person received a distribution from IBM of 56 shares of Kyndryl common stock.
F2	Represents a grant of restricted stock units which will vest in full on the anniversary of the grant date.

Content

On November 3, 2021, International Business Machines Corporation ("IBM") made a pro rata distribution to IBM's stockholders of record as of close of business on October 25, 2021 of one share of common stock, par value $0.01 per share, of Kyndryl Holdings, Inc. ("Kyndryl") for every five shares of IBM common stock, par value $0.20 per share, held by each holder to effect the legal and structural separation of Kyndryl from IBM. The reporting person received a distribution from IBM of 56 shares of Kyndryl common stock.

Represents a grant of restricted stock units which will vest in full on the anniversary of the grant date.