HDFC Bank (NYSE: HDB) executive reports equity and option holdings

Rhea-AI Filing Summary

HDFC Bank Ltd executive Sanjay John D'Souza, Group Head–Emerging Enterprises, filed an initial ownership report showing his current stake in the bank. He reports direct ownership of 148,200 Equity Shares and an additional 872 Equity Shares held indirectly through his spouse.

The filing also lists multiple Employee Stock Options (Right to Buy) over Equity Shares at exercise prices ranging from $6.8000 to $10.6300, with expiration dates between 2026 and 2033. These include individual option positions such as 54,000 underlying shares at $6.8000 expiring on October 24, 2026 and 49,140 underlying shares at $10.6300 expiring on September 18, 2033, reflecting long-term equity-based compensation rather than recent market trades.

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

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1. Name and Address of Reporting Person^*

D Souza Sanjay John

(Last) (First) (Middle)

HDFC BANK LIMITED, BANK HOUSE

SENAPATI BAPAT MARG, LOWER PAREL

(Street)

MUMBAI INDIA 400013

(City) (State) (Zip)

INDIA

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/23/2026

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

3a. Foreign Trading Symbol
[HDFCBANK]

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	GroupHead-EmergingEnterprises

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	148,200	D
Equity Shares	872	I	Spouse

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)	10/24/2024	10/24/2026	Equity Shares	54,000	$6.8(1)	D
Employee Stock Option (Right to Buy)	07/31/2025	07/31/2027	Equity Shares	21,400	$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	18,800	$9(1)	D
Employee Stock Option (Right to Buy)	09/13/2025	09/13/2029	Equity Shares	18,800	$9(1)	D
Employee Stock Option (Right to Buy)	09/13/2026	09/13/2030	Equity Shares	18,800	$9(1)	D
Employee Stock Option (Right to Buy)	09/13/2027	09/13/2031	Equity Shares	18,760	$9(1)	D
Employee Stock Option (Right to Buy)	10/29/2025	10/29/2029	Equity Shares	34,600	$9.54(1)	D
Employee Stock Option (Right to Buy)	10/29/2026	10/29/2030	Equity Shares	34,600	$9.54(1)	D
Employee Stock Option (Right to Buy)	10/29/2027	10/29/2031	Equity Shares	34,600	$9.54(1)	D
Employee Stock Option (Right to Buy)	10/29/2028	10/29/2032	Equity Shares	34,520	$9.54(1)	D
Employee Stock Option (Right to Buy)	09/18/2026	09/18/2030	Equity Shares	18,400	$10.63(1)	D
Employee Stock Option (Right to Buy)	09/18/2027	09/18/2031	Equity Shares	24,600	$10.63(1)	D
Employee Stock Option (Right to Buy)	09/18/2028	09/18/2032	Equity Shares	30,700	$10.63(1)	D
Employee Stock Option (Right to Buy)	09/18/2029	09/18/2033	Equity Shares	49,140	$10.63(1)	D

Explanation of Responses:

1. Conversion rate as on March 23, 2026 applied : 1 INR = 0.011 USD

Remarks:

Exhibit 24 - Power of Attorney The equity shares of the Bank are listed on BSE (code is 500180) and NSE (code is HDFCBANK) This Form 3 is being filed late due to an administrative delay in obtaining the reporting person EDGAR filing credentials. With respect to the untimely filing of this Form 3, the reporting person intends to rely on the no action relief available to directors and officers of foreign private issuers pursuant to Question 6 of the Holding Foreign Insiders Accountable Act FAQ(added on March 12, 2026).

	/s/ Dhanjit Thaivalappil, Attorney in fact for D Souza Sanjay John	03/23/2026
	** 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.
* Form 3: SEC 1473 (03-26)

FAQ

What does the HDFC Bank (HDB) Form 3 filing for Sanjay John D'Souza show?

The Form 3 shows Sanjay John D'Souza’s initial ownership in HDFC Bank. He reports direct holdings of 148,200 Equity Shares, 872 shares held indirectly through his spouse, and multiple employee stock options over Equity Shares with various exercise prices and expiration dates.

How many HDFC Bank (HDB) shares does Sanjay John D'Souza hold directly and indirectly?

Sanjay John D'Souza reports direct ownership of 148,200 Equity Shares of HDFC Bank and 872 Equity Shares held indirectly through his spouse. This combination reflects both his personal stake and family-related holdings disclosed in the initial ownership report.

What stock options are reported for Sanjay John D'Souza in the HDFC Bank (HDB) Form 3?

The filing lists several Employee Stock Options over Equity Shares with exercise prices between $6.8000 and $10.6300. Individual tranches include 54,000 underlying shares at $6.8000 expiring October 24, 2026, and 49,140 underlying shares at $10.6300 expiring September 18, 2033.

Does the HDFC Bank (HDB) Form 3 indicate recent share purchases or sales by Sanjay John D'Souza?

The Form 3 records holdings rather than trades. Transaction codes are shown as unknown, and the summary indicates no buy or sell transactions, only existing equity and option positions, consistent with an initial ownership disclosure rather than market activity.

What is Sanjay John D'Souza’s role at HDFC Bank (HDB) in this ownership filing?

In the filing, Sanjay John D'Souza is identified as an officer of HDFC Bank with the title Group Head–Emerging Enterprises. The Form 3 ties this executive role to his disclosed equity shareholdings and employee stock option awards in the company.

Over what period do Sanjay John D'Souza’s HDFC Bank (HDB) stock options expire?

The disclosed Employee Stock Options have expiration dates ranging from 2026 through 2033. For example, one option tranche expires on October 24, 2026, while another with 49,140 underlying shares at a $10.6300 exercise price expires on September 18, 2033.