Keinan Elly 4

What Happened

• Keinan Elly, Group President of Kyndryl (KD), had 309,440 shares issued on May 28, 2026 upon vesting of previously granted performance share units (PSUs). The award was recorded at $0.00 per share.
• To satisfy tax-withholding obligations, 158,786 of the vested shares were withheld (disposed) at an implied value of $12.16 per share, totaling $1,930,838. Net shares delivered to Elly were 150,654 (309,440 − 158,786). This was a vesting/award event, not an open-market sale.

Key Details

• Transaction date: 2026-05-28; Filing date: 2026-06-01 (filed within the Form 4 timing rules).
• Awarded/Acquired (Code A): 309,440 shares @ $0.00 (PSU vesting).
• Withholding/Disposition (Code F): 158,786 shares @ $12.16 = $1,930,838 (shares withheld to cover taxes).
• Net shares received: 150,654.
• Shares owned after transaction: not specified in the Form 4 filing.
• Footnotes: F1 — shares represent PSUs earned for performance over 4/1/2023–3/31/2026. F2 — withheld shares were retained by the issuer to satisfy the Reporting Person’s tax withholding; they were not sold on the open market.

Context

• This is a routine vesting of performance-based equity, not an opportunistic market purchase or sale; the withholding is a common cashless method to cover taxes. Purchases typically convey a stronger bullish signal than awards/vestings, which mainly reflect prior compensation grants.