ICICI Bank CEO exercises stock options
ICICI Bank Ltd Chief Executive Officer Sandeep Bakhshi exercised stock options to acquire a total of 73,900 equity shares of the bank on April 28, 2026.
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Form Type
4
Rhea-AI Filing Summary
ICICI Bank Ltd Chief Executive Officer Sandeep Bakhshi exercised stock options to acquire a total of 73,900 equity shares of the bank on April 28, 2026. He converted 53,900 options at $2.36 per share and 20,000 options at $2.51 per share into equity shares, without any reported open-market sales. After these exercises, his direct equity ownership in ICICI Bank exceeded one million shares, indicating a larger personal stake through option-based compensation rather than market purchases.
Insider Trade Summary
73,900 shares exercised/converted
Exercise
4 txns
Insider
Bakhshi Sandeep
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 20,000 | $2.51 | $50K |
| Exercise | Stock Option (Right to Buy) | 53,900 | $2.36 | $127K |
| Exercise | Equity Shares, par value Rs. 2 per share | 20,000 | $2.51 | $50K |
| Exercise | Equity Shares, par value Rs. 2 per share | 53,900 | $2.36 | $127K |
Holdings After Transaction:
Stock Option (Right to Buy) — 839,100 contracts (Direct);
Equity Shares, par value Rs. 2 per share — 1,145,201 shares (Direct)
Footnotes (3)
- 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 962,500 stock options granted on April 25, 2014 and vesting in three tranches: (i) 288,750 vested on April 25, 2015 and expired on April 24, 2025, which have been fully exercised by the Reporting Person prior to expiration, (ii) 288,750 vested on April 25, 2016 and expiring on April 24, 2026, which have been fully exercised by the Reporting Person prior to expiration, and (iii) 385,000 vested on April 25, 2017 and expiring on April 24, 2027, 165,000 of which have been exercised by the Reporting Person prior to expiration and 20,000 of which have been exercised by the Reporting Person in Reported Transaction.
- F3. A total of 913,000 stock options granted on April 28, 2016 and vesting in three tranches: (i) 273,900 vested on April 28, 2017 and expiring on April 27, 2027, 220,000 of which have been exercised by the Reporting Person prior to expiration and 53,900 of which have been exercised by the Reporting Person in Reported Transaction, (ii) 273,900 vested on April 28, 2018 and expiring on April 27, 2028 and (iii) 365,200 vested on April 28, 2019 and expiring on April 27, 2029.
Key Figures
Options exercised (first tranche): 53,900 shares
Options exercised (second tranche): 20,000 shares
Total options exercised: 73,900 shares
+5 more
8 metrics
Options exercised (first tranche)
53,900 shares
Stock options exercised into equity shares at $2.36 on April 28, 2026
Options exercised (second tranche)
20,000 shares
Stock options exercised into equity shares at $2.51 on April 28, 2026
Total options exercised
73,900 shares
Aggregate underlying equity shares from option exercises reported in this filing
Exercise price (first tranche)
$2.36/share
Equity Shares, par value Rs. 2 per share
Exercise price (second tranche)
$2.51/share
Equity Shares, par value Rs. 2 per share
FX rate used
INR94.25 = US$1.00
Exchange rate for translating rupee-denominated option prices into USD
2014 grant size
962,500 options
Stock options granted April 25, 2014, vesting in three tranches
2016 grant size
913,000 options
Stock options granted April 28, 2016, vesting in three tranches
Key Terms
Stock Option (Right to Buy), Exercise or conversion of derivative security, Equity Shares, par value Rs. 2 per share, 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"
vesting in three tranches financial
"A total of 962,500 stock options granted ... and vesting in three tranches"
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 did ICICI Bank (IBN) CEO Sandeep Bakhshi report in this Form 4?
ICICI Bank CEO Sandeep Bakhshi reported exercising stock options to acquire 73,900 equity shares. He converted 53,900 options at $2.36 per share and 20,000 at $2.51, increasing his direct share ownership without any reported open-market sales.
What do the exercise prices mean in ICICI Bank (IBN) CEO’s option transactions?
The exercise prices of $2.36 and $2.51 per share are USD equivalents of rupee-denominated option prices. Footnotes state they were translated using an INR94.25 to US$1.00 exchange rate from the Federal Reserve’s H.10 release dated April 24, 2026.
How do the vested stock option grants affect ICICI Bank (IBN) CEO’s holdings?
The CEO’s holdings increased as options vested in tranches and were exercised before expiration. Footnotes describe large grants from 2014 and 2016, with multiple tranches already fully exercised and the reported 20,000 and 53,900 options exercised as part of those remaining tranches.
AI-generated analysis. How Rhea-AI works. Not financial advice.
