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HDFC Bank (NYSE: HDB) executive discloses equity and option holdings in Form 3

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

HDFC Bank Ltd executive Sameer Ratolikar has filed an initial Form 3 showing his equity and stock option holdings in the bank. He directly holds 110,674 Equity Shares. In addition, he reports multiple Employee Stock Option grants, each giving a right to buy Equity Shares at preset prices.

The disclosed options cover various exercise prices, including Rs 7.85, Rs 9.00, Rs 9.54 and Rs 10.63 per share, with expiration dates ranging from 2026 through 2033. Each grant specifies a block of underlying Equity Shares, such as 10,000 shares at Rs 7.85 expiring on July 31, 2026, and 18,800 shares at Rs 7.85 expiring on September 26, 2027.

Positive

  • None.

Negative

  • None.
Insider Ratolikar Sameer
Role Group Head-InformationSecurity
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 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 Employee Stock Option (Right to Buy) -- -- --
holding Employee Stock Option (Right to Buy) -- -- --
holding Equity Shares -- -- --
Holdings After Transaction: Employee Stock Option (Right to Buy) — 10,000 shares (Direct); Equity Shares — 110,674 shares (Direct)
Footnotes (1)
  1. [object Object]
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
Estimated average burden
hours per response: 0.5
1. Name and Address of Reporting Person*
Ratolikar Sameer

(Last) (First) (Middle)
HDFC BANK LIMITED, HDFC BANK HOUSE
SENAPATI BAPAT MARG, LOWER PAREL (WEST)

(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-InformationSecurity
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 110,674 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) 07/31/2024 07/31/2026 Equity Shares 10,000 $7.85(1) D
Employee Stock Option (Right to Buy) 07/31/2025 07/31/2027 Equity Shares 10,000 $7.85(1) D
Employee Stock Option (Right to Buy) 09/26/2023 09/26/2027 Equity Shares 18,800 $7.85(1) D
Employee Stock Option (Right to Buy) 09/26/2024 09/26/2028 Equity Shares 18,800 $7.85(1) D
Employee Stock Option (Right to Buy) 09/26/2025 09/26/2029 Equity Shares 18,800 $7.85(1) D
Employee Stock Option (Right to Buy) 09/26/2026 09/26/2030 Equity Shares 18,600 $7.85(1) D
Employee Stock Option (Right to Buy) 09/13/2024 09/13/2028 Equity Shares 17,000 $9(1) D
Employee Stock Option (Right to Buy) 09/13/2025 09/13/2029 Equity Shares 17,000 $9(1) D
Employee Stock Option (Right to Buy) 09/13/2026 09/13/2030 Equity Shares 17,000 $9(1) D
Employee Stock Option (Right to Buy) 09/13/2027 09/13/2031 Equity Shares 16,640 $9(1) D
Employee Stock Option (Right to Buy) 10/29/2025 10/29/2029 Equity Shares 13,400 $9.54(1) D
Employee Stock Option (Right to Buy) 10/29/2026 10/29/2030 Equity Shares 13,400 $9.54(1) D
Employee Stock Option (Right to Buy) 10/29/2027 10/29/2031 Equity Shares 13,400 $9.54(1) D
Employee Stock Option (Right to Buy) 10/29/2028 10/29/2032 Equity Shares 13,120 $9.54(1) D
Employee Stock Option (Right to Buy) 09/18/2026 09/18/2030 Equity Shares 7,100 $10.63(1) D
Employee Stock Option (Right to Buy) 09/18/2027 09/18/2031 Equity Shares 9,500 $10.63(1) D
Employee Stock Option (Right to Buy) 09/18/2028 09/18/2032 Equity Shares 11,800 $10.63(1) D
Employee Stock Option (Right to Buy) 09/18/2029 09/18/2033 Equity Shares 18,960 $10.63(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 - Information Security Group
/s/ Dhanjit Thaivalappil, Attorney in fact for Ratolikar Sameer 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 HDFC Bank (HDB) Form 3 for Sameer Ratolikar disclose?

The Form 3 shows that executive Sameer Ratolikar holds 110,674 Equity Shares of HDFC Bank Ltd and multiple Employee Stock Option grants. These options provide rights to buy additional shares at fixed prices with expirations between 2026 and 2033.

How many HDFC Bank (HDB) Equity Shares does Sameer Ratolikar directly own?

Sameer Ratolikar directly owns 110,674 Equity Shares of HDFC Bank Ltd. This direct holding is separate from his Employee Stock Options, which give him the right to purchase additional shares in the future at predetermined exercise prices.

What stock option exercise prices are reported in HDFC Bank (HDB) Form 3?

The filing lists Employee Stock Options with exercise prices of Rs 7.85, Rs 9.00, Rs 9.54 and Rs 10.63 per Equity Share. Each price level corresponds to several grants with different expiration dates and blocks of underlying Equity Shares.

When do Sameer Ratolikar’s HDFC Bank (HDB) stock options expire?

The reported Employee Stock Options have expiration dates ranging from July 31, 2026 to September 18, 2033. For example, one grant at Rs 7.85 expires on July 31, 2026, while another at Rs 10.63 expires on September 18, 2033.

What underlying share amounts are tied to HDFC Bank (HDB) option grants?

Each option grant specifies underlying Equity Shares, such as 10,000 shares for a Rs 7.85 grant expiring July 31, 2026, and 18,800 shares for several grants expiring between 2027 and 2029. Additional grants range from 7,100 to 18,960 underlying shares.

Is there a currency conversion detail in the HDFC Bank (HDB) Form 3 footnote?

Yes. A footnote states that a conversion rate as on March 16, 2026 was applied, specifying 1 rupee equals 0.011 U.S. dollars. This clarifies how any rupee-denominated amounts may be translated into U.S. dollar terms in the filing.
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