Insider trade

Director purchased ~$101K of IBM shares in the open market

Traded Feb 25, 2026 · Filed Feb 26, 2026

~$101K
Reported value · 434 sh @ $233.3261: 434
Holds after · shares reported: -5.0%
stock since the trade · S&P 500 +10.2%, $237.54 → $225.62 on Oct 1

Why it stands out

A board member of IBM spent $101K of their very own money to buy IBM shares. 2 other people at IBM bought some too, in the same month.

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Feb 25, 2026
Reporting period: Not applicable
Filed with the SEC: Feb 26, 2026

Director$100K–$500K3 insiders bought in 30d

Context

Classification

open market purchase

Code P — open-market or private purchase

Absolute commitment

~$101,264

Shares × reported transaction price

Size band

$100K–$500K

Rarity

Not enough history to judge

Confirmed open-market purchases by the same insider in the available history

Cluster activity

3 distinct insiders in 30 days

Distinct insiders at the same issuer with confirmed open-market purchases

Timing vs results

28 days after results of Jan 28, 2026, 56 days before results of Apr 22, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $237.54 on Feb 25, 2026, 7% above its 52-week low and 25% below its high, after a 24% drop over the previous 30 trading days

52-week range $221.03 (Apr 8, 2025) to $314.98 (Nov 12, 2025), 18% of the way up, from 251 adjusted closes. 30 trading days earlier: $312.18 on Jan 12, 2026. Describes the past only, not a forecast

Planned / mechanical clue

None found in footnotes

Only flagged when a footnote says so; never inferred

After it was reported

After	Stock	S&P 500	Difference
7 days	+6.0%	-1.2%	+7.2%
30 days	-2.0%	-8.3%	+6.3%
90 days	+5.5%	+8.9%	-3.4%
180 days	-3.2%	+11.1%	-14.3%

Past results only. Not a forecast.

Source receipt

Record ID: 0001771933-26-000002
Filed / recorded: Feb 26, 2026, 2:32 AM UTC
Added to OQRO: Oct 2, 2026, 12:28 PM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: INTERNATIONAL BUSINESS MACHINES CORP
Issuer CIK: 51143
Ticker: IBM
Reporting person: Michael Miebach
Relationship: Director
Security: Common Stock
Table: Non-derivative (Table I)
Transaction date: Feb 25, 2026
Transaction code: P
Shares / units: 434
Price per share: $233.3261
Acquired / disposed: Acquired (A)
Shares owned after: 434
Ownership form: Direct
Amendment: No

Footnotes from the filing

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $233.19 to $233.48, inclusive. The reporting person undertakes to provide to International Business Machines Corporation (IBM), any security holder of IBM, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote (1) to this Form 4.