ICICI Bank (IBN) CEO Sandeep Bakhshi details equity and option holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
ICICI Bank Ltd Chief Executive Officer Sandeep Bakhshi filed an initial statement of beneficial ownership, detailing his equity and stock option positions in the bank. He directly holds 876,300 Equity Shares of par value Rs. 2 per share and additional indirect holdings through family members. The filing also lists multiple stock option grants, including 242,100 options granted on April 17, 2025 and 254,100 options granted on April 26, 2024, each vesting in tranches and expiring between 2029 and 2033. Each option gives the right to apply for one Equity Share, with exercise prices shown in U.S. dollars translated from rupees.
Positive
- None.
Negative
- None.
Insider Trade Summary
18 transactions reported
Mixed
18 txns
Insider
Bakhshi Sandeep
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Equity Shares, par value Rs. 2 per share | -- | -- | -- |
| holding | Equity Shares, par value Rs. 2 per share | -- | -- | -- |
| holding | Equity Shares, par value Rs. 2 per share | -- | -- | -- |
| holding | Equity Shares, par value Rs. 2 per share | -- | -- | -- |
| holding | Equity Shares, par value Rs. 2 per share | -- | -- | -- |
| holding | Equity Shares, par value Rs. 2 per share | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 242,100 shares (Direct);
Equity Shares, par value Rs. 2 per share — 876,300 shares (Direct);
Equity Shares, par value Rs. 2 per share — 2,293 shares (Indirect, Held through Mona Bakhshi, spouse of Sandeep Bakhshi)
Footnotes (1)
- A total of 242,100 stock options granted on April 17, 2025 and vesting in three tranches: (i) 72,630 vesting on April 17, 2026 and expiring on April 16, 2031, (ii) 72,630 vesting on April 17, 2027 and expiring on April 16, 2032, and (iii) 96,840 vesting on April 17, 2028 and expiring on April 16, 2033. Each stock option represents the contingent right to apply for one Equity Share. The exercise prices of the stock options are denominated in Rupee and translated for convenience only into USD at the rate of INR92.47 to US$1.00, the exchange rate set forth int he H.10 statistical release of the Federal Reserve Board on March 13, 2026. A total of 254,100 stock options granted on April 26, 2024 and vesting in three tranches: (i) 76,230 vested on April 26, 2025 and expiring on April 25, 2030, (ii) 76,230 vesting on April 26, 2026 and lapsing on April 25, 2031, and (iii) 101,640 vesting on April 26, 2027 and expiring on April 25, 2032. A total of 299,100 stock options granted on April 21, 2023 and vesting in three tranches: (i) 89,730 vested on April 21, 2024 and expiring on April 20, 2029, (ii) 89,730 vested on April 21, 2025 and expiring on April 20, 2030, and (iii) 119,640 vesting on April 21, 2026 and expiring on April 20, 2031. A total of 317,800 stock options granted on April 23, 2022 and vesting in three tranches: (i) 95,340 vested on April 23, 2023 and expiring on April 22, 2028, (ii) 95,340 vested on April 23, 2024 and expiring on April 22, 2029, and (iii) 127,120 vested on April 23, 2025 and expiring on April 22, 2030. A total of 394,850 stock options granted on April 24, 2021 and vesting in three tranches: (i) 118,455 vested on April 24, 2022 and expiring on April 23, 2027, (ii) 118,455 vested on April 24, 2023 and expiring on April 23, 2028, and (iii) 157,940 vested on April 24, 2024 and expiring on April 23, 2029. A total of 610,500 stock options granted on May 9, 2020 and vesting in three tranches: (i) 183,150 vested on May 9, 2021 and expiring on May 8, 2026, which have been fully exercised by the Reporting Person prior to expiration, (ii) 183,150 vested on May 9, 2022 and expiring on May 8, 2027, and (iii) 244,200 vested on May 9, 2023 and expiring on May 8, 2028. A total of 610,500 stock options granted on May 6, 2019 and vesting in three tranches: (i) 183,150 vested on May 6, 2020 and expired on May 5, 2025, which have been fully exercised by the Reporting Person prior to expiration, (ii) 183,150 vested on May 6, 2021 and expiring on May 5, 2026, which have been fully exercised by the Reporting Person prior to expiration, and (iii) 244,200 vested on May 6, 2022 and expiring on May 5, 2027. A total of 673,750 stock options granted on May 3, 2017 and vesting in three tranches: (i) 202,125 vested on May 3, 2018 and expiring on May 2, 2028, (ii) 202,125 vested on May 3, 2019 and expiring on May 2, 2029, and (iii) 269,500 vested on May 3, 2020 and expiring on May 2, 2030. A total of 913,000 stock options granted on April 28, 2016 and vesting in three tranches: (i) 273,900 vested on April 28, 2017 and expiring on April 27, 2027, (ii) 273,900 vested on April 28, 2018 and expiring on April 27, 2028, and (iii) 365,200 vested on April 28, 2019 and expiring on April 27, 2029. A total of 1,100,000 stock options granted on September 16, 2015 and vesting in two tranches: (i) 550,000 vested on April 30, 2018 and expiring on April 29, 2028 and (ii) 550,000 vested on April 30, 2019 and expiring on April 29, 2029. A total of 962,500 stock options granted on April 27, 2015 and vesting in three tranches: (i) 288,750 vested on April 27, 2016 and expiring on April 26, 2026, which have been fully exercised by the Reporting Person prior to expiration, (ii) 288,750 vested on April 27, 2017 and expiring on April 26, 2027, and (iii) 385,000 vested on April 27, 2018 and expiring on April 26, 2028. A total of 962,500 stock options granted on April 25, 2014 and vesting in three tranches: (i) 288,750 vested on April 25, 2015 and expired on April 24, 2025, which have been fully exercised by the Reporting Person prior to expiration, (ii) 288,750 vested on April 25, 2016 and expiring on April 24, 2026, which have been fully exercised by the Reporting Person prior to expiration, and (iii) 385,000 vested on April 25, 2017 and expiring on April 24, 2027, 165,000 of which have been exercised by the Reporting Person prior to expiration.
FAQ
What does ICICI Bank (IBN) CEO Sandeep Bakhshi’s Form 3 report?
The Form 3 reports Sandeep Bakhshi’s existing equity and stock option holdings in ICICI Bank. It shows his direct and indirect Equity Shares and multiple long-term stock option grants, each vesting in tranches and expiring between 2026 and 2033.
What stock option grants for ICICI Bank (IBN) are disclosed for Sandeep Bakhshi?
The filing lists several stock option grants over multiple years, such as 242,100 options granted on April 17, 2025 and 254,100 options granted on April 26, 2024. These options vest in tranches and expire between 2029 and 2033, each tied to one Equity Share.
How are Sandeep Bakhshi’s family holdings in ICICI Bank (IBN) reported?
The Form 3 includes indirect holdings through family members, such as shares held by his spouse and children. For example, 2,293 Equity Shares are reported through his spouse, with additional smaller positions held through his son and daughters as separate indirect entries.