Key

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-09-21 10b5-1 Pre-arranged Plan: No --- Issuer --- Name: KEYCORP /NEW/ (KEY) CIK: 0000091576 --- Reporting Owner --- Name: Gorman Christopher M. CIK: 0001486643 Role: Director, Officer (Chairman and CEO) --- Non-Derivative Transactions --- [Transaction #1] Security: Common Shares Date: 2026-09-21 | Code: G (Gift) Shares: -29,821 | Price: $0.00 Shares Owned After: 0 | Ownership: I (Indirect) | Nature: By GRAT Footnotes: [F1] Upon termination of this grantor retained annuity trust on September 21, 2026, 29,821 shares of KeyCorp common stock were transferred to the reporting person's children. The remaining shares in such trust were returned to the reporting person and continue to be reported in this Form 4 as directly owned. --- Holdings --- [Holding #1] Security: Common Shares Ownership: D (Direct) Footnotes: [F2] Includes approximately 191 common shares acquired under the KeyCorp Second Amended and Restated Discounted Stock Purchase Plan since March 2026. [Holding #2] Security: Common Shares Ownership: I (Indirect) Footnotes: [F3] These shares are held in a grantor retained annuity trust for the benefit of the reporting person and the reporting person's children. The reporting person is the trustee of the trust. [Holding #3] Security: Common Shares Ownership: I (Indirect) Footnotes: [F3] These shares are held in a grantor retained annuity trust for the benefit of the reporting person and the reporting person's children. The reporting person is the trustee of the trust. [Holding #4] Security: Common Shares Ownership: I (Indirect) Footnotes: [F4] Reported as of September 22, 2026. --- Footnotes (Complete Index) --- F1: Upon termination of this grantor retained annuity trust on September 21, 2026, 29,821 shares of KeyCorp common stock were transferred to the reporting person's children. The remaining shares in such trust were returned to the reporting person and continue to be reported in this Form 4 as directly owned. F2: Includes approximately 191 common shares acquired under the KeyCorp Second Amended and Restated Discounted Stock Purchase Plan since March 2026. F3: These shares are held in a grantor retained annuity trust for the benefit of the reporting person and the reporting person's children. The reporting person is the trustee of the trust. F4: Reported as of September 22, 2026. --- Signature --- /s/ Adam J. Larkins POA for Christopher M. Gorman (2026-09-23)