Company: KD
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001104659-25-107022
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Company: Kyndryl Holdings, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part II, Item 1A
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Item 1A. Risk Factors

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For a discussion of our potential risks and uncertainties, see the information under the heading “Risk Factors” in our Form 10-K for the year ended March 31, 2025. There have been no material changes with respect to the risk factors disclosed in the Form 10-K.

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Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities

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A summary of our common stock repurchases during the three months ended September 30, 2025 is set forth in the table below.

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​​​​​​​​​​​Period​Total Number of Shares Repurchased(a) ​​Average Price Paid Per Share​Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs​​Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs (in millions)July 1 - 31​ 207,928​$40.77​ 207,928​$133August 1 - 31​ 1,447,359​​30.50​ 1,447,359​​88September 1 - 30​ 1,197,396​​30.98​ 1,197,396​​51Total​ 2,852,683​​ ​​ 2,852,683​​​

(a)All shares were repurchased in open market transactions pursuant to the $300 million Share Repurchase Program authorized by our Board of Directors and publicly announced on November 21, 2024. The Share Repurchase Program does not have a set expiration date and may be suspended, modified or discontinued at any time without prior notice. Amounts shown herein exclude common stock repurchases to settle tax withholdings related to the vesting of stock-based awards. On November 4, 2025, we announced that our Board of Directors approved an increase to the Share Repurchase Program, which added $400 million of capacity to the $51 million of capacity remaining as of September 30, 2025. See further description of the Stock Repurchase Program in “Part I, Item 2—Management’s Discussion and Analysis of Financial Condition and Results of Operations—Liquidity and Capital Resources— Share Repurchase Program.”

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Item 3. Defaults Upon Senior Securities

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None.

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Item 4. Mine Safety Disclosures

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Not applicable.

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Item 5. Other Information

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During the three months ended September 30, 2025, none