KAVANAUGH JAMES J (Sr. VP and CFO) 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

KAVANAUGH JAMES J

Filed: 2/23/2026ACC: 0001433640-26-000003

InsiderKAVANAUGH JAMES JCIK 1433640

→

IssuerINTERNATIONAL BUSINESS MACHINES CORPCIK 51143

Officer· Sr. VP and CFO

Since Feb 2026

-4.93K

Net shares

Net seller

$1.26M

Total sold

Open market trades

0B · 0S

Total transactions

9.83K acquired · 14.76K disposed

Non-Derivative Transactions6

Common Stock

Direct

M · Option Exercise

+3.38K

Price / share

—

Trade value

—

% of position

2.0%

2/21/2026

170.49K→173.87K

Common Stock

Direct

F · Tax Withholding

−1.69K

Price / share

$256.42

Trade value

$434.38K

% of position

1.0%

2/21/2026

173.87K→172.17K

Common Stock

Direct

M · Option Exercise

+3.58K

Price / share

—

Trade value

—

% of position

2.1%

2/21/2026

172.17K→175.75K

Common Stock

Direct

F · Tax Withholding

−1.79K

Price / share

$256.42

Trade value

$459.50K

% of position

1.0%

2/21/2026

175.75K→173.96K

Common Stock

Direct

M · Option Exercise

+2.88K

Price / share

—

Trade value

—

% of position

1.7%

2/21/2026

173.96K→176.83K

Common Stock

Direct

F · Tax Withholding

−1.44K

Price / share

$256.42

Trade value

$369.76K

% of position

0.8%

2/21/2026

176.83K→175.39K

Total

Net shares

+4.90K

Net value

-$1.26M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	2/21/2026	M · Option Exercise	+3.38K	—	—	2.0%	170.49K	173.87K
Common Stock Direct	2/21/2026	F · Tax Withholding	−1.69K	$256.42	$434.38K	1.0%	173.87K	172.17K
Common Stock Direct	2/21/2026	M · Option Exercise	+3.58K	—	—	2.1%	172.17K	175.75K
Common Stock Direct	2/21/2026	F · Tax Withholding	−1.79K	$256.42	$459.50K	1.0%	175.75K	173.96K
Common Stock Direct	2/21/2026	M · Option Exercise	+2.88K	—	—	1.7%	173.96K	176.83K
Common Stock Direct	2/21/2026	F · Tax Withholding	−1.44K	$256.42	$369.76K	0.8%	176.83K	175.39K
Total			+4.90K		-$1.26M

Derivative Transactions3

Rst. Stock Unit

Direct

M · Option Exercise

Converts to

Common Stock

3.38K shares

−3.38K

Strike price

0.00

Held after

0.00

Exercisable

—

2/21/2026

Rst. Stock Unit

Direct

M · Option Exercise

Converts to

Common Stock

3.58K shares

−3.58K

Strike price

0.00

Held after

3.58K

Exercisable

—

2/21/2026

Rst. Stock Unit

Direct

M · Option Exercise

Converts to

Common Stock

2.88K shares

−2.88K

Strike price

0.00

Held after

5.75K

Exercisable

—

2/21/2026

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Rst. Stock Unit Direct	Common Stock3.38K shares	2/21/2026	M · Option Exercise	−3.38K	—	0.00
Rst. Stock Unit Direct	Common Stock3.58K shares	2/21/2026	M · Option Exercise	−3.58K	—	3.58K
Rst. Stock Unit Direct	Common Stock2.88K shares	2/21/2026	M · Option Exercise	−2.88K	—	5.75K