Chief Executive Officer of Kyndryl Hldgs Makes $1.06M Buy - Kyndryl Hldgs (NYSE:KD)
Martin J Schroeter, Chief Executive Officer at Kyndryl Hldgs KD, reported a large insider buy on November 9, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Wednesday showed that Schroeter purchased 109,000 shares of Kyndryl Hldgs. The total transaction amounted to $1,055,152.
Kyndryl Hldgs shares are trading up 11.76% at $10.03 at the time of this writing on Thursday morning.
Why Insider Transactions Are Important
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision.
In legal terms, an insider refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
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