Keinan Elly 4

What Happened Keinan Elly, Group President of Kyndryl Holdings (KD), was granted 248,032 restricted stock units (RSUs) on June 1, 2026 (acquisition code A). Separately, on June 2, 2026, 11,253 shares were withheld/disposed to satisfy tax withholding related to the vesting of 20,349 RSUs from a June 2, 2025 grant; the withholding was recorded at $12.62 per share, totaling $142,013. The RSU grant is an award (company compensation), not an open-market purchase—awards are common executive pay and do not necessarily signal market views.

Key Details

• Transaction dates and prices:
  • 2026-06-01: Award of 248,032 RSUs @ $0.00 (code A).
  • 2026-06-02: 11,253 shares withheld for taxes @ $12.62 = $142,013 (code F).
• Vesting/footnotes:
  • The new 248,032 RSUs vest in four equal annual installments beginning June 3, 2027 (footnote F1).
  • The 11,253 withheld shares relate to the vesting of 20,349 RSUs granted June 2, 2025; those withheld shares were not sold but were offset to cover tax withholding (footnote F2).
• Shares owned after transaction: Not specified in this Form 4 filing.
• Filing timeliness: Form 4 was filed June 3, 2026, within the standard two-business-day reporting window (timely).

Context

• RSU grants are a form of compensation and typically vest over time; they are categorized as acquisitions on Form 4 even though no cash was exchanged at grant.
• Tax-withholding dispositions (code F) are routine when RSUs vest; withheld shares are not open-market sales by the insider and should be viewed as payroll-type transactions rather than directional bets.
• No 10% owner or 10b5-1 plan is indicated in this filing.