Jha Rakesh 4
4 · ICICI BANK LTD · Filed May 5, 2026
Research Summary
AI-generated summary of this filing
ICICI Bank Director Rakesh Jha Sells 45,000 Shares
What Happened
Rakesh Jha, a director of ICICI Bank Ltd (IBN), sold 45,000 ordinary shares in an open-market transaction on April 24, 2026. The reported weighted-average price used in the filing is $14.08, producing translated proceeds of approximately $633,600. This was a sale (liquidation) rather than a purchase or option exercise.
Key Details
- Transaction date: 2026-04-24; Filing posted: 2026-05-05 (appears late vs. the Form 4 two-business-day filing rule).
- Reported shares sold: 45,000. Reported average price: $14.08 (USD translation). Reported proceeds: $633,600 (USD).
- Price range: the filing notes shares were sold in multiple trades at prices ranging from $14.08 to $14.74 (weighted-average reporting); detailed per-trade prices available on request per footnote.
- Currency/translation: sale prices were denominated in Indian rupees and translated to USD at INR 94.25 = $1.00 (Federal Reserve rate on 2026-04-24).
- Shares owned after the transaction: not disclosed in the provided filing excerpt.
- Footnotes: F1 (exchange-rate translation) and F2 (weighted-average price and availability of per-trade breakdown). No 10b5-1, gift, exercise, or tax-withholding notes were provided in the excerpt.
Context
This filing documents a routine director sale. Sales alone do not indicate company outlook; purchases are often considered stronger signals of insider confidence. The late filing may be material to some investors because it delays disclosure; otherwise, the entry is a straightforward open-market sale with proceeds translated into USD for convenience.
Insider Transaction Report
- Sale
Equity Shares, par value Rs. 2 per share
[F1][F2]2026-04-24$14.08/sh−45,000$633,600→ 120,875 total
Footnotes (2)
- [F1]The sale prices (average) of the shares 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]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.08 to $14.74. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.