Malhotra Rohan 4

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.