Sawhney Inderpreet 4

What Happened

• Inderpreet Sawhney, Chief Legal Officer of Infosys Ltd (INFY), exercised option/derivative awards and later sold shares. She exercised 6,710 shares on Feb 15, 2026 and 4,880 shares on Mar 31, 2026 at a $0.10 strike (total acquired: 11,590 shares; cash paid reported $671 + $488 = $1,159). On May 14, 2026 she sold 6,845 shares in an open-market sale at $11.77 each for $80,531.
• These transactions include option exercises (a form of acquisition) followed by an open-market sale — generally routine for executives exercising vested awards and monetizing some shares.

Key Details

• Transactions:
  • 2026-02-15: M (exercise) — 6,710 shares @ $0.10 = $671 (Acquired)
  • 2026-03-31: M (exercise) — 4,880 shares @ $0.10 = $488 (Acquired)
  • 2026-05-14: S (open-market sale) — 6,845 shares @ $11.77 = $80,531 (Disposed)
  • Filing also lists derivative disposals on 2026-02-15 and 2026-03-31 at $0.00 (conversion/disposition entries).
• Footnote: F1 — disposals were pursuant to a cashless exercise of vested units (some shares were surrendered/used to cover exercise costs or tax withholding).
• Shares owned after the reported transactions: not specified in the provided filing.
• Filing info: Form 4 filed 2026-05-26 (Accession No. 0001868851-26-000007). The filing date is later than the transaction dates, so this appears to be a delayed filing relative to the typical two-business-day Form 4 deadline.

Context

• For derivative/option activity: the filing shows Sawhney exercised vested units/options at a nominal strike ($0.10) and, per the footnote, used a cashless exercise mechanism — meaning some shares were surrendered to cover exercise costs/taxes while the net remaining shares were retained or sold. The open-market sale on May 14 was a modest monetization (≈$80.5k) and is commonly a routine liquidity action rather than a clear market signal.
• Transaction codes: M = option/derivative exercise (acquisition), S = sale (open market). No indication this is a 10% owner transaction.