Jha Rakesh 4

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.