SEC FORM 4

SEC FORM 4SEC 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

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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^*

Gupta Ajay K

(Last)

(First)

(Middle)

ICICI BANK TOWERS

BANDRA-KURLA COMPLEX

(Street)

MUMBAI

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)
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, par value Rs. 2 per share	04/21/2026		M		31,350	A	$3.02⁽¹⁾	31,350	D
Equity Shares, par value Rs. 2 per share	04/21/2026		M		7,950	A	$2.54⁽¹⁾	7,950	D
Equity Shares, par value Rs. 2 per share	04/21/2026		M		33,000	A	$2.3⁽¹⁾	33,000	D
Equity Shares, par value Rs. 2 per share	04/21/2026		M		8,000	A	$1.65⁽¹⁾	8,000	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)
Stock Option (Right to Buy)	$3.02⁽¹⁾	04/21/2026		M			31,350	⁽²⁾	⁽²⁾	Equity Shares, par value Rs. 2 per share	31,350	$3.02⁽¹⁾	73,150⁽²⁾	D
Stock Option (Right to Buy)	$2.54⁽¹⁾	04/21/2026		M			7,950	⁽³⁾	⁽³⁾	Equity Shares, par value Rs. 2 per share	7,950	$2.54⁽¹⁾	50,600⁽³⁾	D
Stock Option (Right to Buy)	$2.3⁽¹⁾	04/21/2026		M			33,000	⁽⁴⁾	⁽⁴⁾	Equity Shares, par value Rs. 2 per share	33,000	$2.3⁽¹⁾	33,000⁽⁴⁾	D
Stock Option (Right to Buy)	$1.65⁽¹⁾	04/21/2026		M			8,000	⁽⁵⁾	⁽⁵⁾	Equity Shares, par value Rs. 2 per share	8,000	$1.65⁽¹⁾	0⁽⁵⁾	D

Explanation of Responses:

1. The exercise prices of the stock options 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. A total of 104,500 stock options granted on April 27, 2015 and vesting in three tranches: (i) 31,350 vested on April 27, 2016 and expiring on April 26, 2026, which have been fully exercised by the Reporting Person in Reported Transaction (ii) 31,350 vested on April 27, 2017 and expiring on April 26, 2027, and (iii) 41,800 vested on April 27, 2018 and expiring on April 26, 2028.

3. A total of 126,500 stock options granted on April 25, 2014 and vesting in three tranches: (i) 37,950 vested on April 25, 2015 and expired on April 24, 2025, which have been fully exercised by the Reporting Person prior to expiration, (ii) 37,950 vested on April 25, 2016 and expiring on April 24, 2026, 30,000 of which have been exercised by the Reporting Person prior to expiration and 7,950 of which have been exercised by the Reporting Person in Reported Transaction and (iii) 50,600 vested on April 25, 2017 and expiring on April 24, 2027.

4. A total of 110,000 stock options granted on April 26, 2013 and vesting in four tranches: (i) 22,000 vested on April 26, 2014 and expired on April 25, 2024, which have been fully exercised by the Reporting Person prior to expiration, (ii) 22,000 vested on April 26, 2015 and expired on April 25, 2025, which have been fully exercised by the Reporting Person prior to expiration (iii) 33,000 vested on April 26, 2016 and expiring on April 25, 2026, which have been fully exercised by the Reporting Person in Reported Transaction and (iv) 33,000 vested on April 26, 2017 and expiring on April 25, 2027.

5. A total of 110,000 stock options granted on April 27, 2012 and vesting in four tranches: (i) 22,000 vested on April 27, 2013 and expired on April 26, 2023, which have been fully exercised by the Reporting Person prior to expiration, (ii) 22,000 vested on April 27, 2014 and expired on April 26, 2024, which have been fully exercised by the Reporting Person prior to expiration, (iii) 33,000 vested on April 27, 2015 and expired on April 26, 2025, which have been fully exercised by the Reporting Person prior to expiration and (iv) 33,000 vested on April 27, 2016 and expiring on April 26, 2026, 25,000 of which have been exercised by the Reporting Person prior to expiration and 8,000 of which have been exercised by the Reporting Person in Reported Transaction.

	/s/ Vivek Ranjan, as Attorney-in-fact	04/23/2026
	** 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)

SEC Form 4 filed by Gupta Ajay K