HDFC Bank executive exercises 51,800 stock options
HDFC Bank Group Head – Corporate Banking, Nirav Vimal Shah, exercised employee stock options for 51,800 equity shares at an exercise price of $7.85 per share (INR 713.23).
Rhea-AI Filing Summary
HDFC Bank Group Head – Corporate Banking, Nirav Vimal Shah, exercised employee stock options for 51,800 equity shares at an exercise price of $7.85 per share (INR 713.23). The transaction is coded as an in-the-money derivative exercise, not an open-market purchase.
Following the exercise, Shah directly holds 1,428,600 equity shares of HDFC Bank. The filing shows no same-day sale or tax-withholding disposition, indicating this was an exercise-and-hold transaction for the full 51,800 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
51,800 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) | 51,800 | $7.85 | $407K |
| In-the-Money Exercise | Equity Shares | 51,800 | $7.85 | $407K |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 0 contracts (Direct);
Equity Shares — 1,428,600 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) 713.23 which based on an exchange rate of INR 1.00 = USD $ 0.011 as of 04/17/2026 would correspond to an exercise price in USD $ 7.85
Key Figures
Options exercised: 51,800 shares
Exercise price (USD): $7.85 per share
Exercise price (INR): INR 713.23 per share
+2 more
5 metrics
Options exercised
51,800 shares
Employee Stock Option (Right to Buy) exercised on April 16, 2026
Exercise price (USD)
$7.85 per share
In-the-money derivative exercise, based on INR 713.23 and FX rate
Exercise price (INR)
INR 713.23 per share
Employee Stock Option exercise price stated in local currency
Shares owned after transaction
1,428,600 shares
Total direct equity shares following non-derivative entry
Derivative shares underlying options
51,800 shares
Underlying equity shares for the exercised Employee Stock Option
Key Terms
Employee Stock Option (Right to Buy), in-the-money derivative exercise, derivative security, 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""
derivative security financial
"transaction_code_description: "Exercise of in-the-money or at-the-money derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
exercise price financial
"The exercise price is Indian Rupees (INR) 713.23 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
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 Group Head – Corporate Banking, Nirav Vimal Shah, exercised employee stock options for 51,800 equity shares. The transaction was an in-the-money derivative exercise, resulting in additional directly held equity 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 $7.85 per share, corresponding to INR 713.23. The INR price was converted using an exchange rate of INR 1.00 to USD $0.011 as referenced in the Form 4 footnotes for this transaction.
Was the HDFC Bank (HDB) Form 4 transaction an open-market buy or sell?
The Form 4 transaction was not an open-market buy or sell. It is coded as an in-the-money derivative exercise (transaction code X), meaning Shah converted employee stock options into equity shares, with no reported same-day sale or tax-withholding disposition in this filing.
What does the X code mean in the HDFC Bank (HDB) Form 4 for Nirav Vimal Shah?
The X code in this Form 4 indicates an exercise of employee stock options, specifically an in-the-money or at-the-money derivative security. Footnotes clarify that X represents the exercise of Employee Stock Options (Right to Buy) rather than a conventional market purchase or sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.
