Kyndryl (KD) Interim CFO Harsh Chugh Withholds Shares for Taxes

What Happened
Interim CFO Harsh Chugh did not sell stock but had a total of 2,961 Kyndryl shares withheld to satisfy tax withholding upon the vesting of restricted stock units (RSUs) on August 1, 2026. The withholding occurred in two parts: 1,673 shares at $13.48 each (value $22,552) and 1,288 shares at $13.48 each (value $17,362), for a combined withholding value of $39,914. According to the filing footnotes, these withholdings relate to the vesting of 4,122 RSUs granted 8/1/2022 and 3,272 RSUs granted 8/1/2023 (total vested RSUs = 7,394); the withheld shares were offset against the vested shares rather than sold on the open market.

Key Details

• Transaction date: August 1, 2026; Form 4 filed August 4, 2026 (filing appears timely).
• Price per share: $13.48.
• Withheld shares: 1,673 (F1) and 1,288 (F2); total withheld = 2,961 shares.
• Values: $22,552 and $17,362; total = $39,914.
• RSUs vested (per footnotes): 4,122 (granted 8/1/2022) and 3,272 (granted 8/1/2023) = 7,394 vested.
• Net shares delivered to Chugh after withholding (vested minus withheld): 4,433 shares.
• Transaction code: F = tax withholding (shares were not sold; simply withheld to cover tax obligations).
• Shares owned after transaction: not explicitly stated in the filing.

Context
This is a routine tax-withholding transaction tied to RSU vesting, not an open-market sale or purchase. Such withholdings are common and do not by themselves indicate insider sentiment about the company's stock. For trading signal purposes, purchases are typically more informative than tax-related withholdings. Exhibit 24.1 (Power of Attorney) is listed in the filing exhibits.