HDFC Bank (NYSE: HDB) leader sells 10,000 shares at $8.72 each

Rhea-AI Filing Summary

HDFC Bank Ltd Group Head – Operations N. Srinivasan reported an open‑market sale of 10,000 Equity Shares on May 7, 2026. The shares were sold at a price of INR 792.50 per share, which corresponds to USD $8.72 based on the disclosed exchange rate.

Following this transaction, Srinivasan directly holds 638,422 Equity Shares. In addition, 1,680 Equity Shares are reported as held indirectly through his spouse.

Insider Trade Summary

Net Seller: 10,000 shares ($87,200)

Net Sell 2 txns

Insider Srinivasan N

Role Group Head - Operations

Sold 10,000 shs ($87K)

Type	Security	Shares	Price	Value
Sale	Equity Shares	10,000	$8.72	$87K
holding	Equity Shares	--	--	--

Holdings After Transaction: Equity Shares — 638,422 shares (Direct, null); Equity Shares — 1,680 shares (Indirect, Spouse)

Footnotes (1)

1. [object Object]

Key Figures

Shares sold: 10,000 shares Sale price (INR): INR 792.50 per share Sale price (USD): USD $8.72 per share +3 more

6 metrics

Shares sold 10,000 shares Open-market sale on May 7, 2026

Sale price (INR) INR 792.50 per share Price for 10,000 Equity Shares sold

Sale price (USD) USD $8.72 per share Converted using INR 1.00 = USD $0.011 on May 7, 2026

Direct holdings after transaction 638,422 shares Equity Shares directly owned after sale

Indirect holdings (spouse) 1,680 shares Equity Shares held indirectly through spouse

Net share activity -10,000 shares Net buy/sell direction is net-sell in transaction summary

Key Terms

open-market sale, non-derivative, indirect ownership, Equity Shares, +1 more

5 terms

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

non-derivative financial

"transaction_type": "non-derivative""

indirect ownership financial

"ownership_type": "indirect""

Equity Shares financial

"security_title": "Equity Shares""

Equity shares are units of ownership in a company that give the holder a claim on a portion of its assets and profits, like owning a slice of a business. They matter to investors because their value can rise or fall with the company’s performance and market sentiment, may provide periodic income through dividends, and often carry voting rights that influence how the business is run.

Group Head - Operations financial

"officer_title": "Group Head - Operations""

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Srinivasan N

(Last) (First) (Middle)

HDFC BANK LIMITED, HDFC BANK HOUSE

SENAPATI BAPAT MARG, LOWER PAREL

(Street)

MUMBAI INDIA 400013

(City) (State) (Zip)

INDIA

(Country)

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

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

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

2a. Foreign Trading Symbol
[HDFCBANK]

3. Date of Earliest Transaction (Month/Day/Year)
05/07/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Equity Shares	05/07/2026		S		10,000	D	$8.72(1)	638,422	D
Equity Shares								1,680	I	Spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price per share is INR 792.50 which based on an exchange rate of INR 1.00 = USD $ 0.011 as of 05/07/2026 would correspond to a price in USD $ 8.72

Remarks:

The equity shares of the Bank are listed on NSE and BSE. The Trading symbol of NSE is HDFCBANK and is mentioned in the form under Foreign Trading Symbol. The Foreign Trading Symbol of BSE is 500180

	/s/ Dhanjit Thaivalappil, Attorney in fact for Srinivasan N	05/08/2026
	** 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 4 (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 4: SEC 1474 (03-26)

FAQ

What did HDFC Bank (HDB) executive N. Srinivasan report in this Form 4?

N. Srinivasan reported an open-market sale of 10,000 HDFC Bank Equity Shares. The transaction occurred on May 7, 2026, and was disclosed as a non-derivative sale, meaning it involved ordinary shares rather than options or other derivative securities.

At what price were the HDFC Bank (HDB) shares sold by N. Srinivasan?

The 10,000 HDFC Bank Equity Shares were sold at INR 792.50 per share. A footnote explains this corresponds to a USD price of $8.72 per share, using an exchange rate of INR 1.00 to USD $0.011 on May 7, 2026.

How many HDFC Bank (HDB) shares does N. Srinivasan hold after the sale?

After the reported sale, N. Srinivasan holds 638,422 HDFC Bank Equity Shares directly. The Form 4 also shows an additional 1,680 Equity Shares held indirectly through his spouse, reflecting both his direct and reported indirect ownership positions.

What type of transaction did HDFC Bank (HDB) report for N. Srinivasan?

The Form 4 classifies the main transaction as a non-derivative open-market sale. This is indicated by transaction code “S” and the description “Sale in open market or private transaction,” showing it was a direct sale of ordinary Equity Shares.

Does the HDFC Bank (HDB) Form 4 show any option exercises or derivatives for N. Srinivasan?

The filing’s derivative summary is empty, indicating no options, warrants, or other derivative securities are reported in this Form 4. All disclosed activity relates to Equity Shares, primarily the 10,000-share open-market sale and a separate holding entry.

What indirect HDFC Bank (HDB) holdings are reported for N. Srinivasan?

The Form 4 shows 1,680 HDFC Bank Equity Shares classified as indirectly owned. The nature of this ownership is listed as “Spouse,” meaning these shares are attributed through his spouse rather than held directly in his own name.