Were the WIPRO (WIT) CEO’s share sales discretionary market sales?

Although coded as open-market or private sales, the footnotes clarify both sales represent transactions to cover tax obligations arising from the vesting and settlement of ADRs on May 5 and May 13, 2026, indicating tax-driven rather than purely discretionary selling.

Wipro (NYSE: WIT) CEO nets equity grants, sells 420,707 shares for taxes

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

WIPRO LTD director and CEO Pallia Srinivas reported a mix of equity awards and related share sales. On May 5, 2026, he acquired 413,108 Equity Shares at $0.03 per share as a grant, followed by an additional 351,034 Equity Shares at $0.03 on May 13, 2026.

To cover tax obligations on the vesting and settlement of American Depositary Receipts on May 5 and May 13, he sold 217,557 Equity Shares at $1.98 on May 8 and 203,150 Equity Shares at $1.82 on May 14. After these transactions, he directly holds 893,805 equity-equivalent securities, representing 200,000 Equity Shares and 693,805 ADRs, with each ADR convertible into one Equity Share.

Insider Trade Summary

Net Seller: 420,707 shares ($800,496)

Net Sell 4 txns

Insider Pallia Srinivas

Role Chief Executive Officer

Sold 420,707 shs ($800K)

Type	Security	Shares	Price	Value
Sale	Equity Shares	203,150	$1.82	$370K
Grant/Award	Equity Shares	351,034	$0.03	$11K
Sale	Equity Shares	217,557	$1.98	$431K
Grant/Award	Equity Shares	413,108	$0.03	$12K

Holdings After Transaction: Equity Shares — 893,805 shares (Direct, null)

Footnotes (1)

The securities are American Depositary Receipts ("ADR"). Each ADR is convertible into one Equity Share of the issuer. Represents a sale to cover tax obligations on the vesting and settlement of ADRs that occurred on May 5, 2026. Represents a sale to cover tax obligations on the vesting and settlement of ADRs that occurred on May 13, 2026. Represents the sum of 200,000 Equity Shares and 693,805 ADRs. Each ADR is convertible into one Equity Share of the issuer.

Key Figures

Equity grant May 5: 413,108 Equity Shares at $0.03/share Equity grant May 13: 351,034 Equity Shares at $0.03/share Sale May 8: 217,557 Equity Shares at $1.98/share +3 more

6 metrics

Equity grant May 5 413,108 Equity Shares at $0.03/share Grant, award, or other acquisition on May 5, 2026

Equity grant May 13 351,034 Equity Shares at $0.03/share Grant, award, or other acquisition on May 13, 2026

Sale May 8 217,557 Equity Shares at $1.98/share Sale to cover tax obligations tied to May 5 vesting

Sale May 14 203,150 Equity Shares at $1.82/share Sale to cover tax obligations tied to May 13 vesting

Net shares sold 420,707 shares Net sell shares across reported transactions

Holdings after transactions 893,805 equity-equivalent securities Sum of 200,000 Equity Shares and 693,805 ADRs after latest trade

Key Terms

American Depositary Receipts, open-market sale, grant, award, or other acquisition, vesting and settlement, +1 more

5 terms

American Depositary Receipts financial

"The securities are American Depositary Receipts ("ADR"). Each ADR is convertible into one Equity Share of the issuer."

A certificate traded on U.S. markets that represents ownership of shares in a foreign company, letting U.S. investors buy and sell that company as if it were listed domestically. Think of it as a local voucher for a foreign product: it makes price quotes in dollars, trades on familiar exchanges, and brings differences in liquidity, fees and legal protections that can affect returns and risk compared with buying the underlying foreign shares directly.

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.

grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

vesting and settlement financial

"Represents a sale to cover tax obligations on the vesting and settlement of ADRs that occurred on May 5, 2026."

net-sell financial

"netBuySellDirection": "net-sell""

Form 4 Insider Transactions: What Each Field Means →

05/20/2026 - 04:15 PM

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^*

Pallia Srinivas

(Last)

(First)

(Middle)

DODDAKANNELLI

SARJAPUR ROAD

(Street)

BANGALORE, KARNATAKA

560035

(City)

(State)

(Zip)

INDIA

(Country)

2. Issuer Name and Ticker or Trading Symbol
WIPRO LTD [ WIT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/05/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Equity Shares	05/05/2026		A		413,108⁽¹⁾	A	$0.03	963,478	D
Equity Shares	05/08/2026		S⁽²⁾		217,557	D	$1.98	745,921	D
Equity Shares	05/13/2026		A		351,034⁽¹⁾	A	$0.03	1,096,955	D
Equity Shares	05/14/2026		S⁽³⁾		203,150	D	$1.82	893,805⁽⁴⁾	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The securities are American Depositary Receipts ("ADR"). Each ADR is convertible into one Equity Share of the issuer.

2. Represents a sale to cover tax obligations on the vesting and settlement of ADRs that occurred on May 5, 2026.

3. Represents a sale to cover tax obligations on the vesting and settlement of ADRs that occurred on May 13, 2026.

4. Represents the sum of 200,000 Equity Shares and 693,805 ADRs. Each ADR is convertible into one Equity Share of the issuer.

	/s/ Lianna Whittleton, Attorney-in-Fact	05/20/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did WIPRO (WIT) CEO Pallia Srinivas report?

Pallia Srinivas reported equity grants and related share sales. He received two large awards of Equity Shares at $0.03 per share, then sold shares at higher market prices to cover tax obligations linked to vesting ADRs.

How many WIPRO (WIT) shares did the CEO acquire in recent grants?

He acquired 413,108 Equity Shares on May 5, 2026, and 351,034 Equity Shares on May 13, 2026. Both transactions were coded as grants or awards, with a transaction price of $0.03 per share, reflecting compensation-related stock awards.

How many WIPRO (WIT) shares did the CEO sell, and at what prices?

He sold 217,557 Equity Shares at $1.98 per share on May 8, 2026, and 203,150 Equity Shares at $1.82 per share on May 14, 2026. Footnotes state these sales were made to cover tax obligations on vesting ADRs.

What are the CEO’s WIPRO (WIT) holdings after these transactions?

Following the reported transactions, he directly holds 893,805 equity-equivalent securities. A footnote explains this total consists of 200,000 Equity Shares and 693,805 American Depositary Receipts, with each ADR convertible into one Equity Share of WIPRO.

What does the WIPRO (WIT) Form 4 say about American Depositary Receipts?

The filing notes the securities are American Depositary Receipts. Each ADR is convertible into one Equity Share of WIPRO LTD, making ADR counts directly comparable to Equity Shares when assessing the CEO’s overall equity-equivalent holdings.