FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person *

Laguarta Ramon

2. Date of Event Requiring Statement (Month/Day/Year)

03/01/2026

3. Issuer Name and Ticker or Trading Symbol

INTERNATIONAL BUSINESS MACHINES CORP [IBM]
(Last)
(First)
(Middle)


C/O SECRETARY'S OFFICE, IBM CORPORATION, ONE NEW ORCHARD ROAD

4. Relationship of Reporting Person(s) to Issuer

(Check all applicable)

__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)

5. If Amendment, Date Original Filed (Month/Day/Year)

(Street)

ARMONK, NY 10504
(City)
(State)
(Zip)

6. Individual or Joint/Group Filing

(Check applicable line)

__X__ Form Filed by One Reporting Person
_____ Form Filed by More than One Reporting Person


Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4)

2. Amount of Securities Beneficially Owned (Instr. 4)

3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)

4. Nature of Indirect Beneficial Ownership (Instr. 5)

No securities are beneficially owned.

0
D
 


Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)

2. Date Exercisable and Expiration Date (Month/Day/Year)

3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)

4. Conversion or Exercise Price of Derivative Security

5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)

6. Nature of Indirect Beneficial Ownership (Instr. 5)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares



Remarks:

Exhibit List: Exhibit 24 - Power of Attorney



Signatures

L. Mallardi on behalf of R. Laguarta

03/05/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Exhibit 24 - Power of Attorney

International Business Machines Corporation
New Orchard Road
Armonk, NY 10504

March 1, 2026

Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549

I hereby authorize each of the following individuals, whose signatures
appear below, as well as each of the International Business Machines
Corporation (IBM) employees holding the titles of Corporate Secretary;
Vice President, Global Compensation; Director, Corporate Compensation;
and any employee of IBM designated in writing by the Corporate Secretary
of IBM, to sign and file on my behalf as a member of the Board of Directors
of IBM any Securities and Exchange Commission forms or documents in
connection with any transactions by me in IBM securities, including without
limitation Form 3, Form 4, and Form 5 under the Securities Exchange Act of
1934 and Form 144 under the Securities Act of 1933. The specimen signatures
provided below may be signed on separate documents, and such documents
taken together shall constitute a single document.

Paul Dunkle, Vice President, Global Compensation
Jane Edwards, Vice President, Assistant General Counsel & Corporate Secretary
Lisa Mallardi, Executive Compensation Operations
Jorge Mancillas, Senior Attorney, Corporate Secretary s Office
Alison Plenge, Counsel, Corporate Governance & Securities and Corporate Social
Responsibility
Fernanda Portella Prieto, Director, Corporate Compensation & Recognition
Antonietta Servello, Executive Compensation, Officer s Desk
Laura Sousa, Counsel, Corporate Governance & Securities and Treasury

This authorization shall remain in effect for as long as I remain a Board
member of IBM.

Very truly yours,

Ramon Laguarta