Jha Rakesh 4
4 · ICICI BANK LTD · Filed Apr 30, 2026
Research Summary
AI-generated summary of this filing
ICICI Bank Director Rakesh Jha Exercises Options and Sells Shares
What Happened
Rakesh Jha, a director of ICICI BANK LTD (IBN), exercised 70,125 stock options on April 28, 2026 at an exercise price translated to $2.27 per share and immediately disposed of the 70,125 shares for a total of approximately $159,184. The Form 4 shows a matching acquisition (code M) and disposition of the same number of shares on the same date.
Key Details
- Transaction date: 2026-04-28. Exercise price shown as $2.27 per share (total value ~$159,184). Both acquisition (M) and disposition recorded for 70,125 shares.
- Shares owned after transaction: Not disclosed in the excerpt of the filing provided.
- Footnote F1: Exercise prices are denominated in INR and converted to USD at INR94.25 = $1.00 (Fed rate as of Apr 24, 2026).
- Footnote F2: These options were part of a 233,750-option grant from Apr 26, 2013 that vested in four tranches; the 70,125 options vested Apr 26, 2017 and were fully exercised in this reported transaction.
- Filing timeliness: Reported on 2026-04-30 for a 2026-04-28 transaction (no late filing flag indicated).
Context
This is an option exercise (transaction code M) followed by an immediate sale of the same shares—commonly a cashless exercise or same-day sale to cover exercise cost/taxes. Such exercises and subsequent sales are often routine and do not by themselves indicate the insider’s longer-term view of the company.
Insider Transaction Report
- Exercise/Conversion
Equity Shares, par value Rs. 2 per share
[F1]2026-04-28$2.27/sh+70,125$159,184→ 165,875 total - Exercise/Conversion
Stock Option (Right to Buy)
[F1][F2]2026-04-28$2.27/sh−70,125$159,184→ 0 totalExercise: $2.27→ Equity Shares, par value Rs. 2 per share (70,125 underlying)
Footnotes (2)
- [F1]The exercise prices of the stock options are denominated in Rupee and translated for convenience only into USD at the rate of INR94.25 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Federal Reserve Board on April 24, 2026.
- [F2]A total of 233,750 stock options granted on April 26, 2013 and vesting in four tranches: (i) 46,750 vested on April 26, 2014 and expiring on April 25, 2024, which have been fully exercised by the Reporting Person prior to expiration, (ii) 46,750 vested on April 26, 2015 and expiring on April 25, 2025, which have been fully exercised by the Reporting Person prior to expiration, (iii) 70,125 vested on April 26, 2016 and expiring on April 25, 2026, which have been fully exercised by the Reporting Person prior to expiration and (iv) 70,125 vested on April 26, 2017 and expiring on April 25, 2027, which have been fully exercised by the Reporting Person in Reported Transaction.