KD ALERT: Investigation Launched into Kyndryl Holdings, Inc., Hagens Berman Encourages Investors to Contact the Firm

Core Insights - Kyndryl Holdings, Inc. experienced a significant share price drop of nearly 57% on February 9, 2026, following the announcement of delays in filing its quarterly report and the immediate departure of key executives [1][1][1] Company Developments - Kyndryl announced it would not timely file its quarterly report for the quarter ended December 31, 2025, due to its Audit Committee reviewing cash management practices and internal controls [1][1] - The company revealed it received document requests from the SEC's Division of Enforcement related to the ongoing review by the Audit Committee [1][1] - The CFO David Wyshner and General Counsel Edward Sebold departed effective February 5, 2026, alongside the comptroller Vineet Khurana stepping down from his position [1][1] Market Reaction - The market reacted severely to the news, resulting in a loss of over $3 billion in market capitalization in a single day [1][1] - The drastic decline in share price reflects investor concerns regarding Kyndryl's financial management and internal controls, particularly in relation to its previously touted free cash flow growth [1][1]