Chugh Harsh 4

What Happened

• Harsh Chugh, Interim Chief Financial Officer of Kyndryl Holdings (KD), had 651 shares withheld at $12.25 each (total value $7,975) to satisfy tax withholding related to the vesting of restricted stock units (RSUs). The transaction occurred on 2026-06-03 and was reported on Form 4 filed 2026-06-05.
• These 651 shares were not sold in the market; they were retained by the issuer as payment of the withholding obligation arising from the vesting of 1,653 RSUs granted to Mr. Chugh on June 3, 2024.

Key Details

• Transaction date: 2026-06-03; Filing date: 2026-06-05 (within typical Form 4 timing).
• Withheld shares: 651 at $12.25 per share; total value $7,975.
• Origin of shares: Withholding to satisfy tax liability on vesting of 1,653 RSUs (grant date June 3, 2024).
• Shares were not sold—this is a tax-withholding (code F) transaction, not a market sale.
• Shares owned after the transaction: not specified in the filing.

Context

• Code F on a Form 4 indicates shares were withheld by the company to cover taxes when equity awards vest. This is a routine administrative action and generally does not indicate a change in the insider’s view of the company.
• For retail investors: tax-withholding transactions are common after RSU vesting and are not the same as an open-market sale or a discretionary insider purchase.