Malhotra Rohan 4
4 · Roadzen Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Roadzen (RDZN) CEO Rohan Malhotra Buys 19,085 Shares
What Happened
Rohan Malhotra, Chief Executive Officer and Director of Roadzen Inc., reported an open-market/private purchase of 19,085 ordinary shares on March 2, 2026. The filing shows a weighted-average price of $1.37 per share (range $1.34–$1.38), for a total reported outlay of approximately $26,146. This was a purchase (a bullish signal in that it increases insider ownership).
Key Details
- Transaction date: March 2, 2026. Filing date: March 3, 2026 (timely).
- Transaction type/code: Purchase (P) — open market or private purchase.
- Shares purchased: 19,085 at a weighted-average price of $1.37; price range $1.34–$1.38 (footnote F1). Total ≈ $26,146.
- Shares owned after transaction: Not specified in the excerpt of this filing.
- Notable footnotes:
- F1: Price is a weighted average across multiple trades; reporting person can provide detailed per-trade prices on request.
- F2/F3: Some shares are held of record by Avacara Pte Ltd. and RM Securities LLC; Mr. Malhotra is majority shareholder/managing director of Avacara and sole member of RM Securities and therefore may be deemed to have beneficial ownership of shares held by those entities, though he disclaims beneficial ownership except to the extent of his pecuniary interest.
- F4: The filing also references RSUs that vest on September 17, 2026 (each RSU converts to one ordinary share upon vesting).
- Filing timeliness: Filed the next day — appears timely under Form 4 rules.
Context
This is a modest-sized purchase (~$26k) by the CEO; purchases are often seen as a stronger signal than sales because they increase insider exposure, but the filing gives no explanation of motivation. Note the 10% owner / entity holdings disclosures: some shares may be held through Avacara or RM Securities, which affects how beneficial ownership is reported. The RSUs noted in the filing are time-vested (Sept 17, 2026) and are not part of this immediate purchase.
Insider Transaction Report
- Purchase
Ordinary Shares
[F1]2026-03-02$1.37/sh+19,085$26,146→ 849,642 total
- 17,577,213(indirect: See footnote)
Ordinary Shares
[F2] - 45,854(indirect: See footnote)
Ordinary Shares
[F3] - 5,616,485
Ordinary Shares
[F4]
Footnotes (4)
- [F1]The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.34 to $1.38, inclusive. The reporting person undertakes to provide to Roadzen Inc., any security holder of Roadzen Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- [F2]Avacara Pte Ltd. ("Avacara") is the record holder of these ordinary shares. Mr. Malhotra is the majority shareholder and managing director of Avacara, a Singapore corporation with offices located at 14 Robinson Road, #12-01/02, Far East Finance Building, Singapore, 048545, and as such may be deemed to have beneficial ownership of the ordinary shares held directly by Avacara. Mr. Malhotra disclaims any beneficial ownership of the shares held by Avacara, except to the extent of his pecuniary interest therein.
- [F3]RM Securities LLC is the record holder of these ordinary shares. Mr. Malhotra is the sole member of RM Securities LLC and as such may be deemed to have beneficial ownership of the ordinary shares held directly by RM Securities LLC. Mr. Malhotra disclaims any beneficial ownership of the shares held by RM Securities LLC, except to the extent of his pecuniary interest therein.
- [F4]Represents ordinary shares underlying restricted stock units ("RSUs") issued under the Roadzen Inc. 2023 Omnibus Incentive Plan, as amended and/or restated from time to time (the "Plan"). Each RSU represents the contingent right to receive one Issuer ordinary share. Each RSU fully vests on September 17, 2026, subject to the Reporting Person's continuous service with the Issuer through the vesting date.