Batra Sandeep 4

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.