HDFC Bank (NYSE: HDB) audit head reports stock options and RSUs

Rhea-AI Filing Summary

HDFC BANK LTD officer Suketu Kapadia, Group Head - Audit, reports various equity-linked holdings in a Form 3 insider filing. The filing lists employee stock options over 19,000 and 18,880 underlying equity shares at exercise prices of 9.5400 and 10.6300, with expirations between 2029 and 2033. It also shows restricted stock units over 30,000 and 3,428 equity shares at an exercise price of 0.0100, expiring in 2026 and 2027. All entries are categorized as holdings, with no buy or sell transactions indicated.

Insider Trade Summary

11 transactions reported

Mixed 11 txns

Insider Kapadia Suketu

Role Group Head - Audit

Type	Security	Shares	Price	Value
holding	Employee Stock Option (Right to Buy)	--	--	--
holding	Employee Stock Option (Right to Buy)	--	--	--
holding	Employee Stock Option (Right to Buy)	--	--	--
holding	Employee Stock Option (Right to Buy)	--	--	--
holding	Employee Stock Option (Right to Buy)	--	--	--
holding	Employee Stock Option (Right to Buy)	--	--	--
holding	Employee Stock Option (Right to Buy)	--	--	--
holding	Employee Stock Option (Right to Buy)	--	--	--
holding	Restricted Stock Unit (Right to Buy)	--	--	--
holding	Restricted Stock Unit (Right to Buy)	--	--	--
holding	Equity Shares	--	--	--

Holdings After Transaction: Employee Stock Option (Right to Buy) — 19,000 shares (Direct); Restricted Stock Unit (Right to Buy) — 30,000 shares (Direct); Equity Shares — 0 shares (Direct)

Footnotes (1)

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Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
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1. Name and Address of Reporting Person^*

Kapadia Suketu

(Last) (First) (Middle)

HDFC BANK LIMITED, HDFC BANK HOUSE

SENAPATI BAPAT MARG, LOWER PAREL

(Street)

MUMBAI K7 400013

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/17/2026

3. Issuer Name and Ticker or Trading Symbol
HDFC BANK LTD [ HDB ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Group Head - Audit

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Equity Shares	0	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	10/29/2025	10/29/2029	Equity Shares	19,000	$9.54(1)	D
Employee Stock Option (Right to Buy)	10/29/2026	10/29/2030	Equity Shares	19,000	$9.54(1)	D
Employee Stock Option (Right to Buy)	10/29/2027	10/29/2031	Equity Shares	19,000	$9.54(1)	D
Employee Stock Option (Right to Buy)	10/29/2028	10/29/2032	Equity Shares	18,880	$9.54(1)	D
Employee Stock Option (Right to Buy)	09/18/2026	09/18/2030	Equity Shares	14,100	$10.63(1)	D
Employee Stock Option (Right to Buy)	09/18/2027	09/18/2031	Equity Shares	18,800	$10.63(1)	D
Employee Stock Option (Right to Buy)	09/18/2028	09/18/2032	Equity Shares	23,500	$10.63(1)	D
Employee Stock Option (Right to Buy)	09/18/2029	09/18/2033	Equity Shares	37,570	$10.63(1)	D
Restricted Stock Unit (Right to Buy)	10/29/2025	10/29/2026	Equity Shares	30,000	$0.01(1)	D
Restricted Stock Unit (Right to Buy)	05/10/2026	05/10/2027	Equity Shares	3,428	$0.01(1)	D

Explanation of Responses:

1. Conversion rate as on March 16, 2026 applied : 1Rs = 0.011 USD

Remarks:

Exhibit 24 - Power of Attorney Group Head - Audit

	/s/ Dhanjit Thaivalappil, Attorney in fact for Kapadia Suketu	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does the HDFC BANK LTD (HDB) Form 3 for Suketu Kapadia report?

The Form 3 shows Suketu Kapadia’s existing holdings of employee stock options and restricted stock units in HDFC BANK LTD, detailing exercise prices, expiration dates, and underlying equity share amounts across multiple grants classified as holdings.

What stock options does Suketu Kapadia hold in HDFC BANK LTD (HDB)?

Kapadia holds employee stock options over blocks of 19,000 and 18,880 underlying equity shares, with exercise prices of 9.5400 and 10.6300 and expirations ranging from 2029 through 2033, all reported as directly owned derivative positions.

What restricted stock units are reported for Suketu Kapadia in HDFC BANK LTD (HDB)?

The filing lists restricted stock units over 30,000 and 3,428 underlying equity shares, each with an exercise price of 0.0100 and expirations in 2026 and 2027, reflecting additional equity-based compensation tied to HDFC BANK LTD shares.

Does the HDFC BANK LTD (HDB) Form 3 show any share purchases or sales?

No purchases or sales are identified; all entries are labeled as holdings. The transaction summary shows zero buy and sell counts, indicating the filing focuses on disclosing Kapadia’s existing derivative and equity-linked positions rather than new trading activity.

How are Suketu Kapadia’s HDFC BANK LTD (HDB) holdings categorized in the Form 3?

All positions are reported as directly owned, with ownership type coded as direct. The filing distinguishes between employee stock options and restricted stock units, each tied to specific exercise prices, expiration dates, and underlying equity share amounts.