ICICI Bank director sells 45,000 shares
ICICI Bank Ltd director Rakesh Jha sold 45,000 equity shares in an open-market transaction.
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Form Type
4
Rhea-AI Filing Summary
ICICI Bank Ltd director Rakesh Jha sold 45,000 equity shares in an open-market transaction. The shares were sold on April 24, 2026 at a weighted average price of $14.08 per share, with individual trade prices ranging from $14.08 to $14.74.
After this sale, he continues to hold 120,875 equity shares directly. The reported U.S. dollar prices are translated from Indian Rupees using an exchange rate of INR94.25 to $1.00 as of April 24, 2026.
Insider Trade Summary
Net Seller: 45,000 shares
Net Sell
1 txn
Insider
Jha Rakesh
Role
Director
Sold
45,000 shs ($634K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Equity Shares, par value Rs. 2 per share | 45,000 | $14.08 | $634K |
Holdings After Transaction:
Equity Shares, par value Rs. 2 per share — 120,875 shares (Direct)
Footnotes (2)
- F1. The sale prices (average) of the shares are denominated in Rupee and translated for convenience only into USD at the rate of INR94.25 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Federal Reserve Board on April 24, 2026.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.08 to $14.74. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Key Figures
Shares sold: 45,000 shares
Weighted average sale price: $14.08 per share
Sale price range: $14.08–$14.74 per share
+2 more
5 metrics
Shares sold
45,000 shares
Open-market sale on April 24, 2026
Weighted average sale price
$14.08 per share
Equity share sale on April 24, 2026
Sale price range
$14.08–$14.74 per share
Multiple sale transactions on April 24, 2026
Shares held after transaction
120,875 shares
Post-sale direct holdings of Rakesh Jha
FX rate used
INR94.25 = $1.00
Translation of Rupee prices to USD on April 24, 2026
Key Terms
weighted average price, open-market sale, H.10 statistical release, Equity Shares, par value Rs. 2 per share
4 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
H.10 statistical release financial
"the exchange rate set forth in the H.10 statistical release of the Federal Reserve Board"
The H.10 statistical release is a regularly published table of key interest rates — such as short-term Treasury yields, commercial paper, and interbank borrowing costs — compiled by the central bank. It gives a snapshot of borrowing and lending rates across different maturities, which investors use like a weather report for the credit markets: changes can alter borrowing costs, bond prices, and expected returns, so it helps assess market conditions and value assets.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did ICICI Bank (IBN) director Rakesh Jha report?
Director Rakesh Jha reported an open-market sale of 45,000 ICICI Bank equity shares. The transaction occurred on April 24, 2026 at a weighted average price of $14.08 per share, with trade prices ranging from $14.08 to $14.74.
What exchange rate did ICICI Bank (IBN) use to translate the sale prices into U.S. dollars?
The filing states that Rupee-denominated sale prices were translated at INR94.25 to $1.00. This exchange rate is taken from the Federal Reserve Board’s H.10 statistical release dated April 24, 2026 and used solely for convenience in reporting.
Was the ICICI Bank (IBN) insider transaction a purchase or a sale?
The Form 4 reports a sale transaction coded “S,” indicating an open-market or private sale. Director Rakesh Jha disposed of 45,000 ICICI Bank equity shares on April 24, 2026, and now directly holds 120,875 shares after completing this sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.
