KRISHNA ARVIND

KRISHNA ARVIND, Chairman and CEO, has demonstrated a pronounced selling bias in his insider trading activity, as evidenced by SEC Form 4 filings. Over the course of 38 transactions spanning two companies—IBM (ticker: IBM) and Northrop Grumman (ticker: NOC)—Arvind has sold shares worth a total of $39,056,799.65, compared to purchases totaling just $108,941.86. The vast majority of his activity has been concentrated in IBM, with significant sales occurring in February 2025 and February 2026. For instance, on February 1, 2026, Arvind sold IBM shares valued at $12,494,354.42, marking one of the largest single transactions in his trading history. Other notable sales include multiple transactions in February 2025 and 2026, each ranging between $663,358.54 and $806,916.83. In contrast, Arvind’s buying activity has been minimal and primarily focused on Northrop Grumman. His purchases in NOC shares occurred quarterly in 2025, with transactions on June 30, September 30, and December 31, each valued at approximately $36,000. These acquisitions appear to be routine and modest compared to the scale of his IBM sales. Notably, Arvind has not engaged in any recent buying or selling activity, with his last recorded transaction occurring on February 26, 2026. Overall, his trading pattern reflects a clear preference for divesting substantial holdings in IBM while maintaining a limited and consistent stake in Northrop Grumman.