ICICI Bank director exercises 134,850 options

Q: What did ICICI Bank (IBN) director Rakesh Jha report in this Form 4?

Director Rakesh Jha exercised stock options to acquire 134,850 ICICI Bank equity shares on April 17, 2026. These shares were obtained by converting previously granted options, increasing his directly held equity position in the company to 134,850 shares.

Q: At what price were the ICICI Bank (IBN) stock options exercised?

The options were exercised at $3.64 per share, translated from Rupees using an INR92.90 to US$1.00 exchange rate. This conversion rate comes from the Federal Reserve Board’s H.10 statistical release dated April 17, 2026, as noted in the filing footnote.

Q: How many ICICI Bank (IBN) shares does Rakesh Jha hold after this transaction?

After the option exercise, Rakesh Jha directly holds 134,850 equity shares of ICICI Bank Ltd. These shares result from exercising a vested option tranche and represent his reported direct ownership immediately following the April 17, 2026 transaction.

Q: What is the size and structure of the ICICI Bank (IBN) option grant involved?

The filing describes a 449,500-share stock option grant dated May 9, 2020, vesting in three tranches: 134,850 options vesting in 2021, another 134,850 in 2022, and 179,800 in 2023, each with separate expiration dates from May 2026 through May 2028.

Q: How many ICICI Bank (IBN) stock options remain after this exercise?

Following the transaction, 314,650 stock options remain outstanding for Rakesh Jha under the reported grant. The exercised 134,850-option tranche (vesting in 2021) has been fully used before expiry, while the later-vesting tranches continue toward their respective expiration dates.

Q: When did the exercised ICICI Bank (IBN) options vest and when would they have expired?

The exercised tranche of 134,850 stock options vested on May 9, 2021 and was scheduled to expire on May 8, 2026. The filing notes that this entire tranche was exercised before its expiration date, converting all those options into equity shares.

ICICI Bank Ltd director Rakesh Jha exercised stock options to acquire 134,850 equity shares on April 17, 2026.

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Rhea-AI Filing Summary

ICICI Bank Ltd director Rakesh Jha exercised stock options to acquire 134,850 equity shares on April 17, 2026. The options carried an exercise price of $3.64 per share, translated from Rupees using an INR92.90 to US$1.00 exchange rate. Following the exercise, he directly holds 134,850 equity shares.

The exercised options were part of a 449,500-option grant from May 9, 2020, vesting in three tranches. The first 134,850-option tranche, which vested on May 9, 2021 and was due to expire on May 8, 2026, has now been fully exercised. After this transaction, 314,650 stock options from the grant remain outstanding.

Insider Trade Summary

134,850 shares exercised/converted

Exercise 2 txns

Insider Jha Rakesh

Role Director

Type	Security	Shares	Price	Value
Exercise	Stock Option (Right to Buy)	134,850	$3.64	$491K
Exercise	Equity Shares, par value Rs. 2 per share	134,850	$3.64	$491K

Holdings After Transaction: Stock Option (Right to Buy) — 314,650 contracts (Direct); Equity Shares, par value Rs. 2 per share — 134,850 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 449,500 stock options granted on May 9, 2020 and vesting in three tranches: (i) 134,850 vested on May 9, 2021 and expiring on May 8, 2026, which have been fully exercised by the Reporting Person prior to expiration, (ii) 134,850 vested on May 9, 2022 and expiring on May 8, 2027 and (iii) 179,800 vested on May 9, 2023 and expiring on May 8, 2028.

Key Figures

Shares acquired via exercise: 134,850 shares Exercise price: $3.64 per share Shares held after transaction: 134,850 shares +4 more

7 metrics

Shares acquired via exercise 134,850 shares Equity shares acquired on April 17, 2026 through option exercise

Exercise price $3.64 per share Translated from Rupees at INR92.90 to US$1.00 on April 17, 2026

Shares held after transaction 134,850 shares Direct equity holdings following the April 17, 2026 exercise

Total option grant 449,500 options Grant dated May 9, 2020, vesting in three tranches

Remaining options 314,650 options Stock options reported as remaining after exercising 134,850

First tranche vesting date May 9, 2021 Vesting date for the 134,850 options now fully exercised

First tranche expiration date May 8, 2026 Scheduled expiration for the exercised 134,850-option tranche

Key Terms

Stock Option (Right to Buy), exercise or conversion of derivative security, exercise prices of the stock options, vesting in three tranches, +1 more

5 terms

Stock Option (Right to Buy) financial

"security_title: "Stock Option (Right to Buy)""

exercise or conversion of derivative security financial

"transaction_code_description: "Exercise or conversion of derivative security""

exercise prices of the stock options financial

"The exercise prices of the stock options are denominated in Rupee"

vesting in three tranches financial

"A total of 449,500 stock options granted on May 9, 2020 and vesting in three tranches"

H.10 statistical release of the Federal Reserve Board financial

"the exchange rate set forth in the H.10 statistical release of the Federal Reserve Board"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did ICICI Bank (IBN) director Rakesh Jha report in this Form 4?

Director Rakesh Jha exercised stock options to acquire 134,850 ICICI Bank equity shares on April 17, 2026. These shares were obtained by converting previously granted options, increasing his directly held equity position in the company to 134,850 shares.

At what price were the ICICI Bank (IBN) stock options exercised?

The options were exercised at $3.64 per share, translated from Rupees using an INR92.90 to US$1.00 exchange rate. This conversion rate comes from the Federal Reserve Board’s H.10 statistical release dated April 17, 2026, as noted in the filing footnote.

How many ICICI Bank (IBN) shares does Rakesh Jha hold after this transaction?

After the option exercise, Rakesh Jha directly holds 134,850 equity shares of ICICI Bank Ltd. These shares result from exercising a vested option tranche and represent his reported direct ownership immediately following the April 17, 2026 transaction.

What is the size and structure of the ICICI Bank (IBN) option grant involved?

The filing describes a 449,500-share stock option grant dated May 9, 2020, vesting in three tranches: 134,850 options vesting in 2021, another 134,850 in 2022, and 179,800 in 2023, each with separate expiration dates from May 2026 through May 2028.

How many ICICI Bank (IBN) stock options remain after this exercise?

Following the transaction, 314,650 stock options remain outstanding for Rakesh Jha under the reported grant. The exercised 134,850-option tranche (vesting in 2021) has been fully used before expiry, while the later-vesting tranches continue toward their respective expiration dates.

When did the exercised ICICI Bank (IBN) options vest and when would they have expired?

The exercised tranche of 134,850 stock options vested on May 9, 2021 and was scheduled to expire on May 8, 2026. The filing notes that this entire tranche was exercised before its expiration date, converting all those options into equity shares.

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Accepted by SEC EDGAR 04/21/2026 - 12:36 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Jha Rakesh

(Last)

(First)

(Middle)

ICICI BANK TOWERS

BANDRA-KURLA COMPLEX

(Street)

MUMBAI

400051

(City)

(State)

(Zip)

INDIA

(Country)

2. Issuer Name and Ticker or Trading Symbol
ICICI BANK LTD [ IBN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/17/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Equity Shares, par value Rs. 2 per share	04/17/2026		M		134,850	A	$3.64⁽¹⁾	134,850	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (Right to Buy)	$3.64⁽¹⁾	04/17/2026		M			134,850	⁽²⁾	⁽²⁾	Equity Shares, par value Rs. 2 per share	134,850	$3.64⁽¹⁾	314,650⁽²⁾	D

Explanation of Responses:

1. 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.

2. A total of 449,500 stock options granted on May 9, 2020 and vesting in three tranches: (i) 134,850 vested on May 9, 2021 and expiring on May 8, 2026, which have been fully exercised by the Reporting Person prior to expiration, (ii) 134,850 vested on May 9, 2022 and expiring on May 8, 2027 and (iii) 179,800 vested on May 9, 2023 and expiring on May 8, 2028.

	/s/ Vivek Ranjan, as Attorney-in-fact	04/21/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR