ICICI Bank director exercises options for 70,125 shares
ICICI Bank Ltd director Rakesh Jha exercised stock options to acquire 70,125 equity shares on April 28, 2026.
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Form Type
4
Rhea-AI Filing Summary
ICICI Bank Ltd director Rakesh Jha exercised stock options to acquire 70,125 equity shares on April 28, 2026. The options had an exercise price of $2.27 per share, translated from Rupees using an exchange rate of INR94.25 to $1.00.
Following the exercise, Jha directly holds 165,875 equity shares. The reported transaction fully exercised the final 70,125 options from a 233,750-option grant awarded in 2013, with all earlier tranches having been exercised before their respective expirations.
Insider Trade Summary
70,125 shares exercised/converted
Exercise
2 txns
Insider
Jha Rakesh
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 70,125 | $2.27 | $159K |
| Exercise | Equity Shares, par value Rs. 2 per share | 70,125 | $2.27 | $159K |
Holdings After Transaction:
Stock Option (Right to Buy) — 0 contracts (Direct);
Equity Shares, par value Rs. 2 per share — 165,875 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 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. A total of 233,750 stock options granted on April 26, 2013 and vesting in four tranches: (i) 46,750 vested on April 26, 2014 and expiring on April 25, 2024, which have been fully exercised by the Reporting Person prior to expiration, (ii) 46,750 vested on April 26, 2015 and expiring on April 25, 2025, which have been fully exercised by the Reporting Person prior to expiration, (iii) 70,125 vested on April 26, 2016 and expiring on April 25, 2026, which have been fully exercised by the Reporting Person prior to expiration and (iv) 70,125 vested on April 26, 2017 and expiring on April 25, 2027, which have been fully exercised by the Reporting Person in Reported Transaction.
Key Figures
Shares acquired via exercise: 70,125 shares
Exercise price: $2.27 per share
Post-transaction holdings: 165,875 shares
+2 more
5 metrics
Shares acquired via exercise
70,125 shares
Equity shares acquired on April 28, 2026 through option exercise
Exercise price
$2.27 per share
Option exercise price translated from Rupees at INR94.25 to $1.00
Post-transaction holdings
165,875 shares
Total equity shares directly held by Rakesh Jha after the exercise
Original option grant size
233,750 options
Stock options granted on April 26, 2013 across four vesting tranches
FX rate used
INR94.25 = $1.00
Exchange rate used to translate Rupee exercise prices into USD
Key Terms
Stock Option, exercise price, vesting in four tranches, derivative security
4 terms
Stock Option financial
"Stock Option (Right to Buy)"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
exercise price financial
"The exercise prices of the stock options are denominated in Rupee"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
vesting in four tranches financial
"A total of 233,750 stock options granted on April 26, 2013 and vesting in four tranches"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did ICICI Bank (IBN) director Rakesh Jha report?
Rakesh Jha reported exercising stock options to acquire 70,125 ICICI Bank equity shares. The options were part of a 2013 grant and were exercised at an effective price of $2.27 per share, increasing his direct holdings to 165,875 shares after the transaction.
What was the exercise price of the ICICI Bank (IBN) stock options in this filing?
The exercised stock options had an effective exercise price of $2.27 per ICICI Bank share. This price is translated from Rupee-denominated option terms using an INR94.25 to $1.00 exchange rate, as described in the accompanying footnote to the Form 4.
What option grant is referenced in Rakesh Jha’s ICICI Bank (IBN) Form 4?
The Form 4 references a 233,750-share stock option grant made on April 26, 2013. It vested in four tranches, and all tranches, including the final 70,125 options reported here, have now been fully exercised by Rakesh Jha before their respective expiration dates.
AI-generated analysis. How Rhea-AI works. Not financial advice.
