COHN GARY D (Vice Chairman) exercised options at INTERNATIONAL BUSINESS MACHINES CORP

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 3 exercises

COHN GARY D

Filed: 2/23/2026ACC: 0001366945-26-000003

InsiderCOHN GARY DCIK 1366945

→

IssuerINTERNATIONAL BUSINESS MACHINES CORPCIK 51143

Officer· Vice Chairman

Since Jan 2021

-4.19K

Net shares

Net seller

$1.08M

Total sold

Open market trades

0B · 0S

Total transactions

7.58K acquired · 11.78K disposed

Non-Derivative Transactions6

Common Stock

Direct

M · Option Exercise

+2.73K

Price / share

—

Trade value

—

% of position

2.5%

2/21/2026

107.20K→109.93K

Common Stock

Direct

F · Tax Withholding

−1.51K

Price / share

$256.42

Trade value

$386.42K

% of position

1.4%

2/21/2026

109.93K→108.42K

Common Stock

Direct

M · Option Exercise

+2.61K

Price / share

—

Trade value

—

% of position

2.4%

2/21/2026

108.42K→111.03K

Common Stock

Direct

F · Tax Withholding

−1.44K

Price / share

$256.42

Trade value

$370.27K

% of position

1.3%

2/21/2026

111.03K→109.59K

Common Stock

Direct

M · Option Exercise

+2.25K

Price / share

—

Trade value

—

% of position

2.0%

2/21/2026

109.59K→111.83K

Common Stock

Direct

F · Tax Withholding

−1.24K

Price / share

$256.42

Trade value

$318.73K

% of position

1.1%

2/21/2026

111.83K→110.59K

Total

Net shares

+3.39K

Net value

-$1.08M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	2/21/2026	M · Option Exercise	+2.73K	—	—	2.5%	107.20K	109.93K
Common Stock Direct	2/21/2026	F · Tax Withholding	−1.51K	$256.42	$386.42K	1.4%	109.93K	108.42K
Common Stock Direct	2/21/2026	M · Option Exercise	+2.61K	—	—	2.4%	108.42K	111.03K
Common Stock Direct	2/21/2026	F · Tax Withholding	−1.44K	$256.42	$370.27K	1.3%	111.03K	109.59K
Common Stock Direct	2/21/2026	M · Option Exercise	+2.25K	—	—	2.0%	109.59K	111.83K
Common Stock Direct	2/21/2026	F · Tax Withholding	−1.24K	$256.42	$318.73K	1.1%	111.83K	110.59K
Total			+3.39K		-$1.08M

Derivative Transactions3

Rst. Stock Unit

Direct

M · Option Exercise

Converts to

Common Stock

2.73K shares

−2.73K

Strike price

0.00

Held after

0.00

Exercisable

—

2/21/2026

Rst. Stock Unit

Direct

M · Option Exercise

Converts to

Common Stock

2.61K shares

−2.61K

Strike price

0.00

Held after

2.61K

Exercisable

—

2/21/2026

Rst. Stock Unit

Direct

M · Option Exercise

Converts to

Common Stock

2.25K shares

−2.25K

Strike price

0.00

Held after

4.49K

Exercisable

—

2/21/2026

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Rst. Stock Unit Direct	Common Stock2.73K shares	2/21/2026	M · Option Exercise	−2.73K	—	0.00
Rst. Stock Unit Direct	Common Stock2.61K shares	2/21/2026	M · Option Exercise	−2.61K	—	2.61K
Rst. Stock Unit Direct	Common Stock2.25K shares	2/21/2026	M · Option Exercise	−2.25K	—	4.49K