Deep Kalra 4

What Happened

• Deep Kalra, a director of MakeMyTrip Ltd (MMYT), was granted a total of 12,876 restricted stock units (RSUs) on July 1, 2026: 12,406 RSUs and an additional 470 RSUs. Each grant shows $0.00 as the acquisition price (these are awards, not open‑market purchases), so there was no cash paid by the insider at grant time. One portion of the awards includes performance‑based RSUs that vest only if certain targets are met.

Key Details

• Transaction date(s): 2026-07-01; Form 4 filed 2026-07-02 (timely).
• Grants reported:
  • 12,406 RSUs @ $0.00 (derivative award) — includes 6,203 performance‑based RSUs (see F1).
  • 470 RSUs @ $0.00 (derivative award) — performance‑based RSUs (see F2).
• Vesting and expiration (from filing footnotes):
  • F1: These RSUs vest between April 1, 2027 and April 1, 2030; expirations range from March 31, 2031 to March 31, 2034. Includes 6,203 performance RSUs subject to performance conditions.
  • F2: These performance RSUs are scheduled to vest on September 30, 2026 with expiration May 31, 2030.
• Shares owned after transaction: not specified in the Form 4.
• No cash paid at grant; no immediate sale or purchase reported; no tax‑withholding or 10b5‑1 plan noted in the filing.

Context

• RSUs are derivative awards that convert into ordinary shares only upon vesting (and, for performance RSUs, subject to achievement of targets). Because these are grants, they do not indicate an immediate purchase or sale by the insider; the economic value will depend on MMYT's stock price at vesting and whether performance conditions are met.