SVP Thomas Robert David sold 26,543 IBM shares at $253.01 for $6.7M, reducing holdings 37.1%.
Thomas Robert David sold 26,543 shares (26.5K shares) at $253.01 on 2025-03-03, a substantial reduction of 37.1% from his pre-transaction holdings of 71,550 shares. The sale occurred at $253.01 per share while IBM's current price stands at $250.19, indicating the transaction executed near recent price levels but -5.5% from the 52-week high of $264.74. Despite the recent 90-day rally of +9.2%, IBM faces fundamental headwinds with reported net income of -$330.0M in the latest quarter against revenue of $15.0B, and a strained P/E of 47.21 paired with only 1.4% annual revenue growth. The scale of the reduction in David's personal holdings—from 71.6K to 45.0K shares—represents a material change in his disclosed position and warrants examination of the specific context in which this sale occurred.