{"transactions":[{"id":361042,"issuer":{"id":2161,"kind":"organization","name":"Kyndryl Holdings, Inc.","symbol":"KD"},"owners":[{"id":2840,"kind":"organization","name":"INTERNATIONAL BUSINESS MACHINES CORP","symbol":"IBM","position":1,"cik":"0000051143","reported_name":"INTERNATIONAL BUSINESS MACHINES CORP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Cash-Settled Swap","published_at":"2022-05-23T21:00:56.000Z","date":"2022-05-19","kind":"purchase","acquired":true,"shares":22301536,"price":13.95,"value":311106427.2,"ownership":{"direct":true},"footnotes":[{"field":"security","element":"securityTitle","label":"F2","text":"The reporting person entered into a cash-settled swap with the lender of the short-term credit facility as counterparty that established economic exposure to 22,301,536 shares of common stock of the Issuer (the number of shares, the \"Notional Amount\"). The swap agreement provides that, upon settlement of the swap, which will occur no later than November 2, 2022, if the arithmetic average of the volume-weighted average prices of the Issuer's common stock over the observation period of the swap (plus a guaranteed spread) is: (i) greater than $13.95, the counterparty will deliver to the reporting person an amount equal to the difference multiplied by the Notional Amount or (ii) less than $13.95, the reporting person will deliver to the counterparty an amount equal to the difference multiplied by the Notional Amount."},{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F2","text":"The reporting person entered into a cash-settled swap with the lender of the short-term credit facility as counterparty that established economic exposure to 22,301,536 shares of common stock of the Issuer (the number of shares, the \"Notional Amount\"). The swap agreement provides that, upon settlement of the swap, which will occur no later than November 2, 2022, if the arithmetic average of the volume-weighted average prices of the Issuer's common stock over the observation period of the swap (plus a guaranteed spread) is: (i) greater than $13.95, the counterparty will deliver to the reporting person an amount equal to the difference multiplied by the Notional Amount or (ii) less than $13.95, the reporting person will deliver to the counterparty an amount equal to the difference multiplied by the Notional Amount."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F2","text":"The reporting person entered into a cash-settled swap with the lender of the short-term credit facility as counterparty that established economic exposure to 22,301,536 shares of common stock of the Issuer (the number of shares, the \"Notional Amount\"). The swap agreement provides that, upon settlement of the swap, which will occur no later than November 2, 2022, if the arithmetic average of the volume-weighted average prices of the Issuer's common stock over the observation period of the swap (plus a guaranteed spread) is: (i) greater than $13.95, the counterparty will deliver to the reporting person an amount equal to the difference multiplied by the Notional Amount or (ii) less than $13.95, the reporting person will deliver to the counterparty an amount equal to the difference multiplied by the Notional Amount."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F2","text":"The reporting person entered into a cash-settled swap with the lender of the short-term credit facility as counterparty that established economic exposure to 22,301,536 shares of common stock of the Issuer (the number of shares, the \"Notional Amount\"). The swap agreement provides that, upon settlement of the swap, which will occur no later than November 2, 2022, if the arithmetic average of the volume-weighted average prices of the Issuer's common stock over the observation period of the swap (plus a guaranteed spread) is: (i) greater than $13.95, the counterparty will deliver to the reporting person an amount equal to the difference multiplied by the Notional Amount or (ii) less than $13.95, the reporting person will deliver to the counterparty an amount equal to the difference multiplied by the Notional Amount."}],"balance_after":22301536,"derivative":{"underlying":"Common Stock","underlying_shares":22301536},"source":{"system":"sec-edgar","filing":"0000950142-22-001695","document":"es220254306_4-ibm.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/51143/000095014222001695/es220254306_4-ibm.xml","form_type":"4"}},{"id":361041,"issuer":{"id":2161,"kind":"organization","name":"Kyndryl Holdings, Inc.","symbol":"KD"},"owners":[{"id":2840,"kind":"organization","name":"INTERNATIONAL BUSINESS MACHINES CORP","symbol":"IBM","position":1,"cik":"0000051143","reported_name":"INTERNATIONAL BUSINESS MACHINES CORP","relationship":{"director":false,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common stock, par value $0.01 per share","published_at":"2022-05-23T21:00:56.000Z","date":"2022-05-19","kind":"sale","acquired":false,"shares":22301536,"price":13.95,"value":311106427.2,"ownership":{"direct":true},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F1","text":"The reporting person exchanged 22,301,536 shares of the common stock of the Issuer, together with $46 million in cash, to extinguish $357 million aggregate principal amount of indebtedness under a short-term credit facility of the reporting person in a debt-for-equity exchange."},{"field":"price","element":"transactionPricePerShare","label":"F1","text":"The reporting person exchanged 22,301,536 shares of the common stock of the Issuer, together with $46 million in cash, to extinguish $357 million aggregate principal amount of indebtedness under a short-term credit facility of the reporting person in a debt-for-equity exchange."}],"balance_after":22301536,"source":{"system":"sec-edgar","filing":"0000950142-22-001695","document":"es220254306_4-ibm.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/51143/000095014222001695/es220254306_4-ibm.xml","form_type":"4"}},{"id":369840,"issuer":{"id":2161,"kind":"organization","name":"Kyndryl Holdings, Inc.","symbol":"KD"},"owners":[{"id":2840,"kind":"organization","name":"INTERNATIONAL BUSINESS MACHINES CORP","symbol":"IBM","position":1,"cik":"0000051143","reported_name":"INTERNATIONAL BUSINESS MACHINES CORP","relationship":{"director":true,"officer":false,"ten_percent_owner":true,"other":false}}],"security":"Common stock, par value $0.01 per share","published_at":"2021-11-04T21:29:37.000Z","date":"2021-11-03","kind":"other","acquired":false,"shares":179532969,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F1","text":"The record date for the distribution by International Business Machines Corporation (\"IBM\") of 80.1% of the shares of Kyndryl Holdings, Inc. (\"Kyndryl\") common stock to the holders of IBM common stock was at the close of business on October 25, 2021. The distribution of shares of Kyndryl common stock occurred on November 3, 2021."}],"balance_after":44603072,"source":{"system":"sec-edgar","filing":"0000950142-21-003574","document":"es210199109_4-ibm.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/51143/000095014221003574/es210199109_4-ibm.xml","form_type":"4"}}]}