HDFC Bank executive exercises 50,000 stock options
HDFC Bank Group Head of Corporate Banking, Nirav Vimal Shah, exercised employee stock options to acquire 50,000 Equity Shares on an in-the-money basis.
Rhea-AI Filing Summary
HDFC Bank Group Head of Corporate Banking, Nirav Vimal Shah, exercised employee stock options to acquire 50,000 Equity Shares on an in-the-money basis. The options were exercised at an effective price of $6.80 per share, corresponding to INR 617.90 per footnote.
Following the exercise, Shah’s directly held Equity Shares increased to 1,296,800 shares. The filing shows an option exercise and share acquisition only, with no open-market sale, and no remaining derivative position from this grant reported in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
50,000 shares exercised/converted
Exercise
2 txns
Insider
Shah Nirav Vimal
Role
Group Head Corporate Banking
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| In-the-Money Exercise | Employee Stock Option (Right to Buy) | 50,000 | $6.80 | $340K |
| In-the-Money Exercise | Equity Shares | 50,000 | $6.80 | $340K |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 80,000 contracts (Direct);
Equity Shares — 1,296,800 shares (Direct)
Footnotes (3)
- F1. The date entered is the Employee Stock Option (Right to Buy) Exercise Date
- F2. X represents Exercise of Employee Stock Options (Right to Buy)
- F3. 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: 50,000 shares
Exercise price (USD): $6.80 per share
Exercise price (INR): INR 617.90
+2 more
5 metrics
Options exercised
50,000 shares
Employee Stock Option (Right to Buy) exercised on April 2, 2026
Exercise price (USD)
$6.80 per share
Effective exercise price based on disclosed INR–USD exchange rate
Exercise price (INR)
INR 617.90
Employee Stock Option exercise price per footnote F3
Shares held after transaction
1,296,800 shares
Total directly held Equity Shares following exercise
Exercised derivative shares
50,000 underlying shares
Underlying Equity Shares for the exercised Employee Stock Option
Key Terms
Employee Stock Option (Right to Buy), in-the-money derivative exercise, Equity Shares, exercise price, +1 more
5 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"
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did HDFC Bank (HDB) report for Nirav Vimal Shah?
HDFC Bank reported that executive Nirav Vimal Shah exercised employee stock options to acquire 50,000 Equity Shares. The transaction used in-the-money options and increased his directly held share position, without any accompanying open-market sale in this filing.
At what price were the HDFC Bank (HDB) options exercised in Nirav Shah’s Form 4?
The employee stock options were exercised at an effective price of $6.80 per share. A footnote explains this corresponds to an exercise price of INR 617.90, using an exchange rate that equates INR 1.00 to USD $0.011 as of April 7, 2026.
What does the code X mean in the HDFC Bank (HDB) Form 4 for Nirav Shah?
The transaction code X indicates an exercise of a derivative security, specifically employee stock options described as a Right to Buy. Footnotes clarify X represents the exercise of Employee Stock Options and that this was an in-the-money or at-the-money derivative exercise.
What type of security did Nirav Shah exercise in the HDFC Bank (HDB) filing?
He exercised an Employee Stock Option (Right to Buy) that converted into 50,000 Equity Shares. The derivative entry and corresponding non-derivative Equity Shares entry share the same share count, reflecting the one-to-one conversion of options into common equity in this transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
