ICICI Bank director sells 135,000 shares in market

ICICI Bank director Rakesh Jha reported selling ICICI Bank equity shares in two open-market transactions.

Rhea-AI Filing Summary

ICICI Bank director Rakesh Jha reported selling ICICI Bank equity shares in two open-market transactions. On April 21, 2026, he sold 90,000 equity shares at a weighted average price of $14.94 per share. On April 23, 2026, he sold an additional 45,000 equity shares at a weighted average price of $14.49 per share. After these sales, he directly holds 95,750 equity shares. The filing notes that each reported price is a weighted average across multiple trades within narrow price ranges and that sale prices were originally denominated in rupees and translated into U.S. dollars using an exchange rate of INR92.90 to US$1.00.

Insider Trade Summary

Net Seller: 135,000 shares

Net Sell 2 txns

Insider Jha Rakesh

Role Director

Sold 135,000 shs ($2.00M)

Type	Security	Shares	Price	Value
Sale	Equity Shares, par value Rs. 2 per share	45,000	$14.49	$652K
Sale	Equity Shares, par value Rs. 2 per share	90,000	$14.94	$1.34M

Holdings After Transaction: Equity Shares, par value Rs. 2 per share — 95,750 shares (Direct)

Footnotes (3)

1. F1. 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. F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.93 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.
3. F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.49 to $14.50. 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 April 21, 2026: 90,000 shares at $14.94 Shares sold April 23, 2026: 45,000 shares at $14.49 Total shares sold: 135,000 shares +2 more

5 metrics

Shares sold April 21, 2026 90,000 shares at $14.94 Open-market sale of equity shares

Shares sold April 23, 2026 45,000 shares at $14.49 Open-market sale of equity shares

Total shares sold 135,000 shares Combined open-market sales reported in Form 4

Shares held after transactions 95,750 shares Direct holdings following reported sales

FX rate used INR92.90 = US$1.00 Rupee to USD translation for sale prices

Key Terms

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

4 terms

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.

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.

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.

Equity Shares, par value Rs. 2 per share financial

"security_title": "Equity Shares, par value Rs. 2 per share"

FAQ

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

What insider transactions did ICICI Bank (IBN) director Rakesh Jha report?

Director Rakesh Jha reported two open-market sales of ICICI Bank equity shares. He sold 90,000 shares on April 21, 2026 and 45,000 shares on April 23, 2026, for a combined 135,000 shares disposed across both transactions.

How many ICICI Bank (IBN) shares did Rakesh Jha sell and at what prices?

Rakesh Jha sold 90,000 ICICI Bank equity shares at a weighted average price of $14.94 and 45,000 shares at a weighted average price of $14.49. Each price reflects multiple trades executed within narrow ranges around those averages.

How many ICICI Bank (IBN) shares does Rakesh Jha hold after these sales?

After the reported transactions, Rakesh Jha directly holds 95,750 ICICI Bank equity shares. The Form 4 lists this post-transaction balance in the ownership column, reflecting his remaining direct equity position following the open-market sales.

Were Rakesh Jha’s ICICI Bank (IBN) share sales single trades or multiple executions?

The reported prices are weighted averages for multiple executions. The April 21, 2026 sale occurred in trades between $14.93 and $14.96, while the April 23, 2026 sale occurred in trades between $14.49 and $14.50, according to the disclosed footnotes.

How were ICICI Bank (IBN) sale prices converted from rupees in Rakesh Jha’s Form 4?

The filing explains that sale prices were denominated in Indian rupees and translated into U.S. dollars using an exchange rate of INR92.90 to US$1.00, based on the Federal Reserve Board’s H.10 statistical release on April 17, 2026.

Does the ICICI Bank (IBN) Form 4 mention any derivative securities for Rakesh Jha?

The Form 4 summary shows only non-derivative equity share transactions for Rakesh Jha. The derivative section is empty, indicating no reported option, warrant, or other derivative exercises or holdings in this particular filing excerpt.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/24/2026 - 01:21 PM Learn about SEC filing dates

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 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
	Officer (give title below)		Other (specify below)

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		90,000	D	$14.94(1)(2)	140,750	D
Equity Shares, par value Rs. 2 per share	04/23/2026		S		45,000	D	$14.49(1)(3)	95,750	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 a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.93 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.

3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.49 to $14.50. 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)