Jha Rakesh 4

What Happened

• Rakesh Jha, a director of ICICI Bank Ltd (IBN), sold a total of 135,000 shares in two open-market transactions, disposing of 90,000 shares on April 21, 2026 and 45,000 shares on April 23, 2026. The April 21 sale was reported at a weighted-average price of $14.94 (range $14.93–$14.96) for proceeds of $1,344,600; the April 23 sale was reported at a weighted-average price of $14.49 (range $14.49–$14.50) for proceeds of $652,050. Total proceeds reported ≈ $1,996,650. These were sales (not purchases), which are often routine liquidity or portfolio-management transactions.

Key Details

• Transaction dates and reported weighted-average prices:
  • 2026-04-21: 90,000 shares sold, $14.94 avg (range $14.93–$14.96) — $1,344,600
  • 2026-04-23: 45,000 shares sold, $14.49 avg (range $14.49–$14.50) — $652,050
• Currency/translation note: Sale prices were denominated in Indian rupees and converted to USD using INR 92.90 = $1.00 (Fed H.10 rate as of Apr 17, 2026).
• Weighted-average reporting: The filing lists weighted-average prices; the reporting person offers to provide the breakdown of the number of shares sold at each separate price on request (see footnotes).
• Shares owned after transaction: Not specified in the provided filing summary.
• Filing timeliness: Report filed on 2026-04-24 for transactions through 2026-04-23; the filing appears timely based on the dates shown.

Context

• These were open-market sales by a company director. Sales do not necessarily indicate negative insider sentiment (they can reflect diversification, tax, or personal-liquidity needs).
• Footnotes indicate the USD amounts are conversions for convenience and that the reported prices are weighted averages from multiple trades; detailed per-trade price/quantity can be requested from the issuer or SEC staff.