Batra Sandeep 4
4 · ICICI BANK LTD · Filed May 7, 2026
Research Summary
AI-generated summary of this filing
ICICI Bank Director Sandeep Batra Exercises and Sells 20,125 Shares
What Happened Sandeep Batra, a director of ICICI BANK LTD (IBN), exercised 20,125 stock options on May 5, 2026 at an exercise price translated to $2.26 per share and acquired 20,125 shares for about $45,482. The filing also shows a simultaneous disposal of 20,125 shares (derivative), indicating the shares were sold immediately after exercise.
Key Details
- Transaction date: May 5, 2026. Filing date: May 7, 2026 (timely Form 4 filing).
- Exercise price shown (translated): $2.26 per share; total consideration ~ $45,482.
- Transaction codes: M = option exercise (acquisition) and a matching derivative disposal (sale) of the exercised shares.
- Shares owned after the transaction: not specified in the provided excerpt of the filing.
- Footnotes: (F1) Exercise prices are denominated in INR and converted to USD at INR94.90 = $1.00 (Fed rate as of May 1, 2026). (F2) These options were part of a 2013 grant of 233,750 options vesting in four tranches; 20,125 exercised here come from the tranche that vested Apr 26, 2017 (expiring Apr 25, 2027).
Context This was an option exercise with an immediate sale of the resulting shares (a cashless or same-day sell-to-cover style transaction), which is common for covering exercise costs or tax obligations. The filing is factual and routine; immediate sales after exercise do not by themselves indicate a change in insider sentiment.
Insider Transaction Report
- Exercise/Conversion
Equity Shares, par value Rs. 2 per share
[F1]2026-05-05$2.26/sh+20,125$45,482→ 829,560 total - Exercise/Conversion
Stock Option (Right to Buy)
[F1][F2]2026-05-05$2.26/sh−20,125$45,482→ 50,000 totalExercise: $2.26→ Equity Shares, par value Rs. 2 per share (20,125 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 INR94.90 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Federal Reserve Board on May 1, 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 expired 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 expired 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, 20,125 of which have been exercised by the Reporting Person in the Reported Transaction.