Martin J. Schroeter - Feb 1, 2025 Form 4 Insider Report for Kyndryl Holdings, Inc. (KD)

Role: Chairman and CEO, Director
Signature: /s/ Evan Barth, attorney-in-fact
Stock symbol: KD
Transactions as of: Feb 1, 2025
Transactions value $: -$2,782,411
Form type: 4
Date filed: 2/4/2025, 05:32 PM
Previous filing: Dec 18, 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KD	Common Stock	Options Exercise		+152K	+11.47%		1.48M	Feb 1, 2025	Direct	F1
transaction	KD	Common Stock	Tax liability	-$2.78M	-73.8K	-4.99%	$37.70	1.4M	Feb 1, 2025	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	KD	Performance Share Units	Options Exercise		-304K	-100%		0	Feb 1, 2025	Common Stock	304K		Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects the settlement of performance share units ("PSUs") previously granted on December 16, 2021 into shares of the Issuer's common stock. These PSUs vested based on the Issuer's achievement of an increase in its share price based on pre-established targets over a three-year performance period beginning on December 16, 2021 and ending on December 15, 2024.
F2	Represents the withholding from delivery of shares of common stock from the Issuer to satisfy the Reporting Person's tax withholding obligation upon the vesting of the PSUs described herein. These shares of common stock were not sold by the Reporting Person but were instead offset from the total number of vested shares of common stock received by the Reporting Person from the Issuer.
F3	Each PSU represents a contingent right to receive one share of the Issuer's common stock payable in common stock or cash at the discretion of the Issuer.