0001209191-22-031464.txt : 20220523 0001209191-22-031464.hdr.sgml : 20220523 20220523185332 ACCESSION NUMBER: 0001209191-22-031464 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220519 FILED AS OF DATE: 20220523 DATE AS OF CHANGE: 20220523 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: GOLDMAN SACHS & CO. LLC CENTRAL INDEX KEY: 0000769993 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40853 FILM NUMBER: 22953365 BUSINESS ADDRESS: STREET 1: 200 WEST STREET CITY: NEW YORK STATE: NY ZIP: 10282 BUSINESS PHONE: 2129021000 MAIL ADDRESS: STREET 1: 200 WEST STREET CITY: NEW YORK STATE: NY ZIP: 10282 FORMER NAME: FORMER CONFORMED NAME: GOLDMAN SACHS & CO DATE OF NAME CHANGE: 19931102 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: GOLDMAN SACHS GROUP INC CENTRAL INDEX KEY: 0000886982 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40853 FILM NUMBER: 22953366 BUSINESS ADDRESS: STREET 1: 200 WEST STREET CITY: NEW YORK STATE: NY ZIP: 10282 BUSINESS PHONE: 212-902-1000 MAIL ADDRESS: STREET 1: 200 WEST STREET CITY: NEW YORK STATE: NY ZIP: 10282 FORMER NAME: FORMER CONFORMED NAME: GOLDMAN SACHS GROUP INC/ DATE OF NAME CHANGE: 20010104 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Kyndryl Holdings, Inc. CENTRAL INDEX KEY: 0001867072 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 861185492 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 BUSINESS ADDRESS: STREET 1: ONE VANDERBILT AVENUE STREET 2: 15TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: (212) 896-2098 MAIL ADDRESS: STREET 1: ONE VANDERBILT AVENUE STREET 2: 15TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: Kyndryl Holdings, LLC DATE OF NAME CHANGE: 20210611 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2022-05-19 0 0001867072 Kyndryl Holdings, Inc. KD 0000886982 GOLDMAN SACHS GROUP INC 200 WEST STREET NEW YORK NY 10282 0 0 1 0 0000769993 GOLDMAN SACHS & CO. LLC 200 WEST STREET NEW YORK NY 0 0 1 0 Cash-Settled Swap (obligation to sell) 2022-05-19 4 J 1 1 A Common Stock, par value $0.01 per share 22301536 1 I See Footnote On May 19, 2022, Goldman Sachs & Co. LLC ("Goldman Sachs") entered into a cash-settled swap (which represents the establishment of a "put equivalent position" that is deemed to constitute a "sale" of the underlying securities for purposes of Section 16(b) pursuant to Rule 16b-6(a)) with a counterparty in respect of 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, Goldman Sachs will deliver to the counterparty an amount equal to the difference multiplied by the Notional Amount or (ii) less than $13.95, the counterparty will deliver to Goldman Sachs an amount equal to the difference multiplied by the Notional Amount. This statement is being filed by The Goldman Sachs Group, Inc. ("GS Group") and Goldman Sachs. Goldman Sachs is a subsidiary of GS Group. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that any such Reporting Person is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Exchange Act, or for any other purpose. /s/ Crystal Orgill, Attorney-in-fact 2022-05-23 /s/ Crystal Orgill, Attorney-in-fact 2022-05-23