Tiwari Deepankar 4

What Happened
Deepankar Tiwari, CEO of Zoomcar Holdings, received an inducement stock award of 1,000,000 shares on July 17, 2025. The Form 4 reports the acquisition at $0.00 per share (total reported cash paid = $0). The grant was issued under a Non‑statutory Inducement Award Agreement approved by the company’s compensation committee composed of independent directors.

Key Details

• Transaction date: July 17, 2025; reported on Form 4 filed February 12, 2026 (appears late relative to the usual 2‑business‑day Form 4 deadline).
• Price: $0.00 per share; total cash paid reported as $0.
• Vesting (per footnote): 25% (250,000 shares) vested June 30, 2025; 25% (250,000) vested Sep 30, 2025; 25% (250,000) vested Dec 31, 2025; remaining 25% (250,000) vests Mar 31, 2026.
• Award type: Non‑statutory inducement award approved by independent directors (comp. committee).
• Shares owned after transaction: Not disclosed in the filing.
• Filing timeliness: Report filed many months after the transaction date — investors should note the late reporting.

Context
This was a compensation grant (inducement award) rather than an open‑market purchase or sale. Such awards are common for executives and are subject to vesting; they do not, by themselves, indicate an insider’s current buying/selling preference. The vesting schedule shows most of the award vested by end of 2025, with the final tranche vesting March 31, 2026.