ICICI Bank (IBN) CEO trims stake with 24,999-share sale

Rhea-AI Filing Summary

ICICI Bank Chief Executive Officer Sandeep Bakhshi executed an open-market sale of 24,999 equity shares on April 21, 2026 at an average price of $14.95 per share. The shares were sold in multiple trades between $14.91 and $14.96. After this transaction, he directly holds 1,071,301 ICICI Bank equity shares.

Insider Trade Summary

Net Seller: 24,999 shares ($373,735)

Net Sell 1 txn

Insider Bakhshi Sandeep

Role Chief Executive Officer

Sold 24,999 shs ($374K)

Type	Security	Shares	Price	Value
Sale	Equity Shares, par value Rs. 2 per share	24,999	$14.95	$374K

Holdings After Transaction: Equity Shares, par value Rs. 2 per share — 1,071,301 shares (Direct, null)

Footnotes (1)

1. The sale prices (average) of the shares 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. The price reported in Column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $14.91 to $14.96. 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: 24,999 shares Average sale price: $14.95 per share Post-transaction holdings: 1,071,301 shares +1 more

4 metrics

Shares sold 24,999 shares Open-market sale on April 21, 2026

Average sale price $14.95 per share Non-derivative equity shares

Post-transaction holdings 1,071,301 shares Shares directly held after sale

Sale price range $14.91–$14.96 Multiple transactions within this range

Key Terms

open-market sale, Equity Shares, par value Rs. 2 per share, average price, H.10 statistical release

4 terms

open-market sale financial

"classified as an open-market sale of 24,999 equity shares"

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.

Equity Shares, par value Rs. 2 per share financial

"security titled Equity Shares, par value Rs. 2 per share"

average price financial

"The price reported in Column 4 is an average price"

H.10 statistical release financial

"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.

Form 4 Insider Transactions: What Each Field Means →

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^*

Bakhshi Sandeep

(Last) (First) (Middle)

ICICI BANK TOWERS

BANDRA-KURLA COMPLEX

(Street)

MUMBAI K7 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
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/21/2026

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)
			Code	V	Amount	(A) or (D)	Price
Equity Shares, par value Rs. 2 per share	04/21/2026		S		24,999	D	$14.95(1)(2)	1,071,301	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The sale prices (average) of the shares 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. The price reported in Column 4 is an average price. These shares were sold in multiple transactions at prices ranging from $14.91 to $14.96. 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.

	/s/ Vivek Ranjan, as Attorney-in-fact	04/24/2026
	** 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)

FAQ

What insider transaction did ICICI Bank (IBN) report for CEO Sandeep Bakhshi?

ICICI Bank reported that CEO Sandeep Bakhshi completed an open-market sale of 24,999 equity shares. The trade occurred on April 21, 2026, and involved the bank’s equity shares with a par value of Rs. 2 per share, listed as non-derivative securities.

At what price did ICICI Bank CEO Sandeep Bakhshi sell his 24,999 shares?

The reported average sale price was $14.95 per share for Sandeep Bakhshi’s 24,999 ICICI Bank shares. Footnotes explain these were multiple trades, with individual prices ranging from $14.91 to $14.96, resulting in the disclosed volume-weighted average transaction price.

How many ICICI Bank (IBN) shares does CEO Sandeep Bakhshi hold after this sale?

Following the reported sale, Sandeep Bakhshi directly holds 1,071,301 ICICI Bank equity shares. This post-transaction figure is disclosed in the filing as the total number of shares beneficially owned directly after the April 21, 2026 open-market sale transaction.

Was the ICICI Bank CEO’s April 21, 2026 transaction a buy or a sell?

The transaction was a sale. The Form 4 identifies it with code “S” and classifies it as an open-market or private sale. The transaction_summary section also shows one sell transaction totaling 24,999 shares, indicating a net-sell direction for this filing.

What does the price range in ICICI Bank CEO Sandeep Bakhshi’s Form 4 mean?

The filing notes that shares were sold in multiple transactions between $14.91 and $14.96, with $14.95 reported as the average price. The CEO undertakes to provide detailed breakdowns of shares sold at each price within this range upon request to interested parties.