Bharucha Kaizad 4

What Happened
Kaizad Bharucha, Deputy Managing Director of HDFC Bank (HDB), exercised employee stock options on April 17, 2026. The filing shows an exercise (acquisition) of 5,000 shares at an exercise price of INR 617.90 (USD $6.80) for a cash outlay of about $34,000, and a separate entry on the same date disposing of 5,000 shares (reported as a derivative disposition) valued at about $34,000.

Key Details

• Transaction date: 2026-04-17 (exercise date per filing footnote).
• Exercise price: INR 617.90 per share ≈ USD $6.80 (exchange rate INR 1.00 = USD $0.011 as of 04/20/2026).
• Shares: 5,000 shares acquired via exercise (total ≈ $34,000); 5,000 shares disposed (derivative) (total ≈ $34,000).
• Footnotes: F1 = date is option exercise date; F2 = "X" denotes exercise of employee stock options; F3 = INR→USD conversion explained.
• Shares owned after transaction: Not disclosed in the provided filing.
• Filing timeliness: No late-filing flag noted in the provided data.

Context
The form records both an acquisition via option exercise and a matching disposition of 5,000 shares on the same date. Such paired entries often reflect an immediate sale or cashless exercise to cover the exercise cost and any taxes, though the form here does not provide explicit settlement or brokerage details. The bank’s equity is listed on NSE (symbol HDFCBANK) and BSE (500180).