Chugh Harsh 4

What Happened
Harsh Chugh, Interim Chief Financial Officer of Kyndryl Holdings (KD), was granted 55,119 restricted stock units (RSUs) on June 1, 2026 (recorded as an award). Those RSUs were granted at $0.00 (typical for RSUs). Separately, on June 2, 2026, 1,157 shares were withheld to satisfy tax withholding related to the vesting of previously granted RSUs; the withheld shares are reported at $12.62 each for a value of $14,601. The grant vests in four equal annual installments beginning June 3, 2027.

Key Details

• Transaction dates and types: June 1, 2026 — Grant/Award of 55,119 RSUs (code A) at $0.00; June 2, 2026 — Tax withholding of 1,157 shares (code F) at $12.62, value $14,601.
• Vesting: New RSUs vest in four equal annual installments starting June 3, 2027 (footnote F1).
• Withholding explanation: The 1,157 shares were withheld by the issuer to satisfy tax obligations on the vesting of 2,939 RSUs granted June 2, 2025; these shares were not sold on the open market but offset from vested shares (footnote F2).
• Shares owned after transaction: Not disclosed in the filing.
• Filing: Form 4 filed June 3, 2026 (appears timely based on reported transaction dates).

Context
This filing reports an equity award (RSUs)—a common form of executive compensation—rather than an open-market purchase or sale. The tax-withholding action is administrative (shares withheld to cover taxes) and does not necessarily indicate buying or selling intent in the market.