ICICI Bank (IBN) director Rakesh Jha sells 135,000 shares, retains 95,750
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 135,000 shares ($1,996,650)
Net Sell
2 txns
Insider
Jha Rakesh
Role
null
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, null)
Footnotes (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 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. 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.
FAQ
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 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.