HDFC Bank (NYSE: HDB) director exercises 10,000 options into equity shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HDFC Bank director Kaizad Bharucha reported exercising employee stock options to acquire 10,000 equity shares on April 3, 2026. The options carried an exercise price of $6.80 per share, corresponding to INR 617.90. Following the exercise, he directly owns 4,602,082 equity shares of HDFC Bank.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,000 shares exercised/converted
Mixed
2 txns
Insider
Bharucha Kaizad
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| X | Employee Stock Option (Right to Buy) | 10,000 | $6.80 | $68K |
| X | Equity Shares | 10,000 | $6.80 | $68K |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 50,000 shares (Direct);
Equity Shares — 4,602,082 shares (Direct)
Footnotes (1)
- The date entered is the Employee Stock Option (Right to Buy) Exercise Date X represents Exercise of Employee Stock Options (Right to Buy) The exercise price is Indian Rupees (INR) 617.90 which based on an exchange rate of INR 1.00 = USD $ 0.011 as of 04/07/2026 would correspond to an exercise price in USD $ 6.8
Key Figures
Options exercised: 10,000 options
Exercise price (USD): $6.80 per share
Exercise price (INR): INR 617.90 per share
+2 more
5 metrics
Options exercised
10,000 options
Employee Stock Option (Right to Buy) exercised on April 3, 2026
Exercise price (USD)
$6.80 per share
In-the-money derivative exercise of employee stock options
Exercise price (INR)
INR 617.90 per share
Converted using INR 1.00 = $0.011 as of April 7, 2026
Shares owned after exercise
4,602,082 shares
Total direct HDFC Bank equity shares following the transaction
Derivative exercises reported
1 transaction
In-the-money derivative exercise counted in transaction summary
Key Terms
Employee Stock Option (Right to Buy), in-the-money derivative exercise, Equity Shares, exercise price
4 terms
Employee Stock Option (Right to Buy) financial
"security_title: "Employee Stock Option (Right to Buy)""
in-the-money derivative exercise financial
"transaction_action: "in-the-money derivative exercise""
exercise price financial
"The exercise price is Indian Rupees (INR) 617.90 which ..."
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What insider transaction did HDFC Bank (HDB) director Kaizad Bharucha report?
Kaizad Bharucha reported exercising employee stock options to acquire 10,000 HDFC Bank equity shares. The transaction was coded as an in-the-money derivative exercise, converting options into directly held shares rather than an open-market purchase or sale.
At what price were the HDFC Bank (HDB) employee stock options exercised?
The employee stock options were exercised at an effective price of $6.80 per share. This corresponds to an exercise price of INR 617.90, using an exchange rate of INR 1.00 equal to $0.011 as referenced in the filing footnote.
Was the HDFC Bank (HDB) Form 4 transaction an open-market buy or sell?
The Form 4 reports an in-the-money derivative exercise, not an open-market buy or sell. Bharucha converted 10,000 employee stock options into equity shares, increasing his direct share ownership without recording any separate purchase or sale transaction in the market.
What does the X transaction code mean in the HDFC Bank (HDB) Form 4?
The X transaction code in this Form 4 denotes the exercise of an in-the-money or at-the-money derivative security. Here it reflects the exercise of employee stock options, turning 10,000 options into an equal number of HDFC Bank equity shares at the stated exercise price.