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Infosys (NYSE: INFY) HR chief records 740-share open-market sale

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Infosys Ltd Chief Human Resources Officer Mathew Shaji sold 740 Indian Equity Shares on May 14, 2026 at INR 1,091.36 per share in an open-market sale disposed pursuant to cashless exercise of vested units. After this transaction, he directly holds 317,561 shares.

Positive

  • None.

Negative

  • None.
Insider Mathew Shaji
Role Chief Human Resources Officer
Sold 740 shs ($808K)
Type Security Shares Price Value
Sale Indian Equity Shares 740 $1,091.36 $808K
Holdings After Transaction: Indian Equity Shares — 317,561 shares (Direct, null)
Footnotes (1)
  1. Disposed pursuant to cashless exercise of vested units. The price is in Indian Rupee (INR).
Shares sold 740 shares Indian Equity Shares sold on May 14, 2026
Sale price INR 1,091.36/share Open-market sale price per Indian Equity Share
Shares held after transaction 317,561 shares Directly owned Indian Equity Shares post-sale
Net shares sold 740 shares Net-sell direction from transaction summary
cashless exercise financial
"Disposed pursuant to cashless exercise of vested units."
A cashless exercise is a way for an option holder to convert stock options into actual shares without paying the purchase price in cash; instead they immediately give up a portion of the newly issued shares to cover the cost and any withholding taxes. Investors care because this process increases the number of shares available and can slightly dilute existing holdings, while also signaling how insiders or employees are realizing compensation without needing cash — similar to paying for a purchase by handing over part of what you just bought.
Indian Equity Shares financial
"security_title: Indian Equity Shares"
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.
Chief Human Resources Officer financial
"officer_title: Chief Human Resources Officer"
The chief human resources officer is the senior executive who leads a company's people strategy—hiring, pay and benefits, training, workplace culture, legal compliance, and leadership development—like a head coach who builds and keeps the team. Investors care because the CHRO’s choices shape productivity, labor costs, turnover, regulatory risk and succession of key leaders; those outcomes affect a company’s profitability, growth potential and reputation in ways that show up on the balance sheet.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
SEC Form 4
FORM 4UNITED 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*
Mathew Shaji

(Last)(First)(Middle)
ELECTRONICS CITY, HOSUR ROAD

(Street)
BENGALURUKARNATAKA560 100

(City)(State)(Zip)

INDIA

(Country)
2. Issuer Name and Ticker or Trading Symbol
Infosys Ltd [ INFY ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Human Resources Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/14/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Indian Equity Shares05/14/2026S740(1)D$1,091.36(2)317,561D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Disposed pursuant to cashless exercise of vested units.
2. The price is in Indian Rupee (INR).
/s/ Manikantha A.G.S., Attorney-in-fact05/26/2026
** Signature of Reporting PersonDate
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 Infosys (INFY) report for Mathew Shaji?

Infosys reported that Chief Human Resources Officer Mathew Shaji sold 740 Indian Equity Shares in an open-market transaction. The sale occurred on May 14, 2026 and was tied to a cashless exercise of vested units, according to the disclosed footnote.

At what price did Mathew Shaji sell Infosys (INFY) shares?

Mathew Shaji sold 740 Infosys Indian Equity Shares at INR 1,091.36 per share. The filing notes that the transaction price is denominated in Indian Rupees (INR), providing clarity on the local currency used for this insider share sale.

How many Infosys (INFY) shares does Mathew Shaji hold after the sale?

Following the reported transaction, Mathew Shaji directly holds 317,561 Infosys Indian Equity Shares. This remaining position is disclosed as total shares beneficially owned after the sale, giving investors context on his ongoing equity stake in the company.

What was the nature of the Infosys (INFY) insider sale on May 14, 2026?

The transaction was an open-market sale of 740 Infosys Indian Equity Shares by executive Mathew Shaji. A footnote explains the disposal occurred pursuant to a cashless exercise of vested units, indicating the sale was linked to equity-based compensation.

Does the Infosys (INFY) insider transaction involve derivatives or options?

The reported transaction involves non-derivative Indian Equity Shares, not options or other derivatives. However, a footnote states the shares were disposed pursuant to a cashless exercise of vested units, connecting the sale to previously vested equity awards rather than a new derivative exercise.