Key facts
- This page summarizes GOLDMAN SACHS GROUP INC's Form 4 filing for Kyndryl Holdings, Inc. (KD).
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 23 May 2022, 18:53.
GOLDMAN SACHS GROUP INC - 19 May 2022 Form 4 Insider Report for Kyndryl Holdings, Inc. (KD)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- KD
- Reported as of
- 19 May 2022
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 23 May 2022, 18:53:32 UTC
- Prior SEC filing
- 20 May 2022
- Next SEC filing
- 24 May 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Crystal Orgill, Attorney-in-fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
GOLDMAN SACHS GROUP INC filed Form 4 for Kyndryl Holdings, Inc. (KD) on 23 May 2022.
Change
- Previous filing in this sequence was filed on 20 May 2022.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
KD
transaction
Derivative
Cash-Settled Swap (obligation to sell)
Other
- Transaction value
- Shares
- +1
- Change %
- Price
- Shares after
- 1
- Date
- 19 May 2022
- Ownership
- See Footnote
- Underlying class
- Common Stock, par value $0.01 per share
- Underlying amount
- 22,301,536
- Exercise price
- Footnotes
- F1, F2
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 2 footnotes
Footnote F1
On May 19, 2022, Goldman Sachs & Co. LLC ("Goldman Sachs") entered into a cash-settled swap (which represents the establishment of a "put equivalent position" that is deemed to constitute a "sale" of the underlying securities for purposes of Section 16(b) pursuant to Rule 16b-6(a)) with a counterparty in respect of 22,301,536 shares of common stock of the Issuer (the number of shares, the "Notional Amount"). The swap agreement provides that, upon settlement of the swap, which will occur no later than November 2, 2022, if the arithmetic average of the volume-weighted average prices of the Issuer's common stock over the observation period of the swap (plus a guaranteed spread) is: (i) greater than $13.95, Goldman Sachs will deliver to the counterparty an amount equal to the difference multiplied by the Notional Amount or (ii) less than $13.95, the counterparty will deliver to Goldman Sachs an amount equal to the difference multiplied by the Notional Amount.
Footnote F2
This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs. Goldman Sachs is a subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act, or for any other purpose.