Jha Rakesh 4

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.