Fehring Nicolas A. 4

What Happened
Nicolas A. Fehring, Vice President and Controller of IBM, reported a gift of 400 shares of IBM common stock on 2026-06-04. The shares were disposed as a gift (transaction code G) with $0 in cash proceeds reported.

Key Details

• Transaction date: 2026-06-04; transaction type: Gift (code G); price per share reported: $0.00.
• Total shares involved: 400; total cash proceeds: $0.
• Filing: Form 4 filed 2026-06-04 (reported same day in this filing).
• Shares owned after transaction: not disclosed in the provided filing details.
• No footnotes, 10b5-1 plan, tax-withholding, or other special conditions were referenced in the supplied data.

Context
Gifts by insiders are disposals but do not necessarily signal a view on the company’s stock price; they are commonly used for estate planning, charitable donations, or family transfers. Because this was a gift, there were no sale proceeds to the insider.