Nirav Vimal Shah

Insider

First SEC filing: March 17, 2026 · Latest: March 17, 2026

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Insider at Companies where this person is a reporting insider.
Insider transactions Every share this person bought or sold, from Form 4 filings.
Derivatives Options and other derivative holdings reported by this person.
Initial holdings The stakes this person held when they first started reporting.

Insider at

Insider transactions

0 buys (P) 0 sells (S) Net: $0 + 2 non-open-market transactions below last 12 months, based on the transactions shown below

Price change vs current quote, split-adjusted for corporate actions since the filing — not benchmarked, not annualized, not size-weighted

No open-market trades on record; showing all filings.

Date	Ticker	Code	Shares	Price	Value	Owned after	Δ own	A/D	vs now
April 16, 2026	HDB	X	51,800	$7.85	$406,630	0 Direct	-100.00%	Disposed	195.9% (price as of 2026-08-19)
April 16, 2026	HDB	X	51,800	$7.85	$406,630	1,428,600 Direct	+3.76%	Acquired	195.9% (price as of 2026-08-19)

P = Open-market purchase · S = Sale · A = Grant/award · M = Option exercise · G = Gift · F = Tax withholding

Insider transactions are not a recommendation; sales are often driven by liquidity or tax reasons.

Derivative holdings (Form 4 Table II)

Options, RSUs and convertible securities reported on Form 4 Table II.

Date	Ticker	Security	Underlying	Exercise price	Expiration	Shares	A/D
April 16, 2026	HDB	Employee Stock Option (Right to Buy)	Equity Shares (51,800)	—	July 31, 2026	51,800	Disposed

Exercise/conversion price is blank when not applicable (e.g. RSUs).

Initial ownership (Form 3) 20 holdings

Securities held when first becoming an insider, per SEC Form 3.

Date	Ticker	Security	Shares	Ownership
March 17, 2026	HDB	Equity Shares	1,246,800	Direct
March 17, 2026	HDB	Employee Stock Option (Right to Buy)→ Equity Shares (130,000)	130,000	Direct
March 17, 2026	HDB	Employee Stock Option (Right to Buy)→ Equity Shares (51,800)	51,800	Direct
March 17, 2026	HDB	Employee Stock Option (Right to Buy)→ Equity Shares (52,000)	52,000	Direct
March 17, 2026	HDB	Employee Stock Option (Right to Buy)→ Equity Shares (44,800)	44,800	Direct
March 17, 2026	HDB	Employee Stock Option (Right to Buy)→ Equity Shares (44,800)	44,800	Direct
March 17, 2026	HDB	Employee Stock Option (Right to Buy)→ Equity Shares (44,800)	44,800	Direct
March 17, 2026	HDB	Employee Stock Option (Right to Buy)→ Equity Shares (44,600)	44,600	Direct
March 17, 2026	HDB	Employee Stock Option (Right to Buy)→ Equity Shares (44,800)	44,800	Direct
March 17, 2026	HDB	Employee Stock Option (Right to Buy)→ Equity Shares (44,800)	44,800	Direct
March 17, 2026	HDB	Employee Stock Option (Right to Buy)→ Equity Shares (44,800)	44,800	Direct
March 17, 2026	HDB	Employee Stock Option (Right to Buy)→ Equity Shares (44,980)	44,980	Direct
March 17, 2026	HDB	Employee Stock Option (Right to Buy)→ Equity Shares (41,600)	41,600	Direct
March 17, 2026	HDB	Employee Stock Option (Right to Buy)→ Equity Shares (41,600)	41,600	Direct
March 17, 2026	HDB	Employee Stock Option (Right to Buy)→ Equity Shares (41,600)	41,600	Direct
March 17, 2026	HDB	Employee Stock Option (Right to Buy)→ Equity Shares (41,600)	41,600	Direct
March 17, 2026	HDB	Employee Stock Option (Right to Buy)→ Equity Shares (18,400)	18,400	Direct
March 17, 2026	HDB	Employee Stock Option (Right to Buy)→ Equity Shares (24,600)	24,600	Direct
March 17, 2026	HDB	Employee Stock Option (Right to Buy)→ Equity Shares (30,700)	30,700	Direct
March 17, 2026	HDB	Employee Stock Option (Right to Buy)→ Equity Shares (49,140)	49,140	Direct