RAJPUT RAKESH KUMAR 4

What Happened

• Rakesh Kumar Rajput, Group Head – Compliance at HDFC Bank Ltd., exercised 12,600 employee stock options on May 6, 2026 and the same 12,600 shares were reported as disposed the same day. The exercise price was INR 643.53 per share (converted in the filing to USD $7.08), yielding a value of $89,208 for the 12,600 shares.
• This is an option exercise followed by an immediate sale (a cashless-type transaction), so it results in a sale of newly acquired shares rather than an open-market purchase that increases long-term ownership.

Key Details

• Transaction date: 2026-05-06 (filed on 2026-05-07).
• Quantity: 12,600 shares exercised and 12,600 shares disposed.
• Price / value: Exercise price INR 643.53 → USD $7.08 per share; total reported value $89,208.
• Codes/notes: “X” in the form denotes exercise of employee stock options. Footnotes clarify exercise date and INR→USD conversion.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Timeliness: Filing was submitted the day after the transaction (appears timely).

Context

• This was an option exercise with an immediate sale of the same shares (common for covering exercise costs, taxes, or converting option value to cash). Such transactions are routine and do not necessarily signal a change in insider sentiment.
• The bank’s shares trade on NSE (symbol HDFCBANK) and BSE (500180), as noted in the filing.