ICICI Bank director exercises options for 52,020 shares
ICICI Bank Ltd director Ajay K Gupta exercised stock options to acquire 52,020 equity shares.
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Form Type
4
Rhea-AI Filing Summary
ICICI Bank Ltd director Ajay K Gupta exercised stock options to acquire 52,020 equity shares. The options carried an exercise price of $3.64 per share, translating from Rupees at INR92.90 to US$1.00 on April 17, 2026. Following the exercise, he directly holds 52,020 equity shares and 121,380 stock options. These options were part of a 173,400‑option grant from May 9, 2020 that vests in three tranches and expires between May 8, 2026 and May 8, 2028.
Insider Trade Summary
52,020 shares exercised/converted
Exercise
2 txns
Insider
Gupta Ajay K
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 52,020 | $3.64 | $189K |
| Exercise | Equity Shares, par value Rs. 2 per share | 52,020 | $3.64 | $189K |
Holdings After Transaction:
Stock Option (Right to Buy) — 121,380 contracts (Direct);
Equity Shares, par value Rs. 2 per share — 52,020 shares (Direct)
Footnotes (2)
- F1. The exercise prices of the stock options are denominated in Rupee and translated for convenience only into USD at the rate of INR92.90 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Federal Reserve Board on April 17, 2026.
- F2. A total of 173,400 stock options granted on May 9, 2020 and vesting three tranches: (i) 52,020 vested on May 9, 2021 and expiring on May 8, 2026, which have been fully exercised by the Reporting Person prior to expiration, (ii) 52,020 vested on May 9, 2022 and expiring on May 8, 2027 and (iii) 69,360 vested on May 9, 2023 and expiring on May 8, 2028.
Key Figures
Shares acquired via option exercise: 52,020 shares
Exercise price per share: $3.64 per share
Total options in 2020 grant: 173,400 options
+5 more
8 metrics
Shares acquired via option exercise
52,020 shares
Equity shares acquired on April 17, 2026
Exercise price per share
$3.64 per share
Exercise or conversion price, translated from Rupees
Total options in 2020 grant
173,400 options
Stock options granted May 9, 2020
Remaining stock options
121,380 options
Options outstanding after exercising first 52,020‑option tranche
Exchange rate used
INR92.90 = US$1.00
Rate from Federal Reserve H.10 release on April 17, 2026
First tranche vesting date
May 9, 2021
52,020 options vested, expiring May 8, 2026
Second tranche vesting date
May 9, 2022
52,020 options vest, expiring May 8, 2027
Third tranche vesting date
May 9, 2023
69,360 options vest, expiring May 8, 2028
Key Terms
Stock Option (Right to Buy), derivative security, vesting, exercise prices, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: "Stock Option (Right to Buy)""
derivative security financial
"transaction_code_description: "Exercise or conversion of 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.
vesting financial
"granted on May 9, 2020 and vesting three tranches"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
exercise prices financial
"The exercise prices of the stock options are denominated in Rupee"
par value financial
"Equity Shares, par value Rs. 2 per share"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did ICICI Bank (IBN) director Ajay K Gupta report?
Ajay K Gupta reported exercising stock options to acquire 52,020 ICICI Bank equity shares. The options were part of a larger 173,400‑option grant awarded in May 2020, reflecting compensation rather than an open‑market share purchase.
At what price were Ajay K Gupta’s ICICI Bank stock options exercised?
The stock options were exercised at an exercise price of about $3.64 per share. This exercise price is denominated in Rupees and translated into U.S. dollars using an exchange rate of INR92.90 to US$1.00, based on the Federal Reserve’s H.10 release.
How many ICICI Bank stock options remain from Ajay K Gupta’s 2020 grant?
From the original 173,400 stock options granted on May 9, 2020, 121,380 options remain outstanding after this exercise. The first 52,020‑option tranche has been fully exercised, while the remaining two tranches retain later expiration dates through May 2028.
What is the vesting and expiration schedule of Ajay K Gupta’s ICICI Bank stock options?
The 173,400 options granted on May 9, 2020 vest in three tranches: 52,020 vested May 9, 2021, 52,020 on May 9, 2022, and 69,360 on May 9, 2023. Expiration dates range from May 8, 2026 through May 8, 2028.
AI-generated analysis. How Rhea-AI works. Not financial advice.
