SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* Poole Ahn Amanda (Last) (First) (Middle) BRISTOL-MYERS SQUIBB COMPANY ROUTE 206 AND PROVINCE LINE ROAD (Street) PRINCETON NJ 08543 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol BRISTOL MYERS SQUIBB CO [ BMY ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) EVP, Chief People Officer
	3. Date of Earliest Transaction (Month/Day/Year) 03/10/2025
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $0.10 par value	03/10/2025		M		690(1)	A	$0	3,114	D
Common Stock, $0.10 par value	03/10/2025		J		48(2)	D	$0	3,066	D
Common Stock, $0.10 par value	03/10/2025		F		233(3)	D	$63.11	2,833	D
Common Stock, $0.10 par value	03/10/2025		M		810(4)	A	$0	3,643	D
Common Stock, $0.10 par value	03/10/2025		J		141(2)	D	$0	3,502	D
Common Stock, $0.10 par value	03/10/2025		F		242(3)	D	$63.11	3,260	D
Common Stock, $0.10 par value	03/10/2025		M		803(5)	A	$0	4,063	D
Common Stock, $0.10 par value	03/10/2025		J		137(2)	D	$0	3,926	D
Common Stock, $0.10 par value	03/10/2025		F		241(3)	D	$63.11	3,685	D
Common Stock, $0.10 par value	03/10/2025		M		4,861(6)	A	$0	8,546	D
Common Stock, $0.10 par value	03/10/2025		J		1,793(7)	D	$0	6,753	D
Common Stock, $0.10 par value	03/10/2025		F		1,557(3)	D	$63.11	5,196	D
Common Stock, $0.10 par value								172.361(8)	I	BMS Savings and Investment Program

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Market Share Units	(9)	03/10/2025		M			690	(1)	03/10/2025	Common Stock, $0.10 par value	690	$0	0	D
Market Share Units	(10)	03/10/2025		M			810	(4)	03/10/2026	Common Stock, $0.10 par value	810	$0	811	D
Market Share Units	(10)	03/10/2025		M			803	(5)	03/10/2027	Common Stock, $0.10 par value	803	$0	1,608	D
Market Share Units	(11)	03/10/2025		A		15,732		(12)	03/10/2028	Common Stock, $0.10 par value	15,732	$0	15,732	D
Performance Shares	(13)	03/10/2025		M			4,861	(6)	03/10/2025	Common Stock, $0.10 par value	4,861	$0	0	D
Performance Shares	(14)	03/10/2025		A		23,598		(14)	03/10/2028	Common Stock, $0.10 par value	23,598	$0	23,598	D

Explanation of Responses:

1. Represents vesting of one-quarter of market share units granted on March 10, 2021.

2. Represents a downward adjustment to the number of shares acquired upon the vesting of market share units due to the performance factor.

3. Shares withheld for payment of taxes upon vesting of awards.

4. Represents vesting of one-quarter of market share units granted on March 10, 2022.

5. Represents vesting of one-quarter of market share units granted on March 10, 2023.

6. Amount represents distribution of performance shares earned under the 2022-2024 Long-Term Performance Award.

7. Adjustment to award based on the performance factor applied in accordance with the terms of the award and certification of performance results by the Board.

8. Based on recent 401(k) plan statement.

9. Each market share unit converts into the number of shares of common stock determined by applying a payout factor to the target number of shares vesting on a given date. The payout factor is a ratio of the average of the closing price on the measurement date plus the nine prior trading days divided by the average stock price on the grant date (also a 10-day average). The minimum payout factor that must be achieved to earn a payout is 60% and the maximum payout factor is 200%.

10. Each market share unit converts into the number of shares of common stock determined by applying a payout factor to the target number of shares vesting on a given date. The payout factor is a ratio of the average of the closing price on the measurement date plus the nine prior trading days divided by the average stock price on the grant date (also a 10-day average). The minimum payout factor that must be achieved to earn a payout is 80% and the maximum payout factor is 225%.

11. Each market share unit converts into the number of shares of common stock determined by applying a payout factor to the target number of shares vesting on a given date. The payout factor is the greater of Total Return and relative total shareholder return (rTSR) Floor. Total Return is a ratio of the 10-day average closing stock price on the measurement date, plus the value of accumulated dividends, divided by the average stock price on the grant date (also a 10-day average). The minimum payout factor for Total Return performance that must be achieved to earn a payout is 80% and the maximum is 225%. The rTSR Floor feature provides a minimum level of payout if BMS stock price declines from the grant date but outperforms our peers based on their TSR percentile rank. A TSR percentile rank (i) below the 50th percentile yields a 0% payout, (ii) between the 50th and 74.99th percentiles yields a 50% payout, and (iii) at or above the 75th percentile yields a 100% payout.

12. These market share units cliff vest on the third anniversary of the grant date, subject to certification of performance results by the Board.

13. Each performance share converted into one share of common stock upon distribution in the first quarter of 2025 in accordance with the terms of the award and certification of performance results by the Board.

14. Each performance share converts into one share of common stock upon distribution in the first quarter of 2028, subject to certification of performance results by the Board.

Remarks:

	/s/ Lisa A. Atkins, attorney-in-fact for Amanda Poole Ahn	03/12/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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