Karooooo (KARO) CSO discloses 3,250,793-share indirect holding on Form 3

Rhea-AI Filing Summary

Karooooo Ltd. Chief Sales Officer Juan Marais has filed an initial ownership report showing an indirect holding of 3,250,793 shares of Common Stock. These shares are held through One Spire (Pty) Ltd, establishing his reported equity stake as a senior executive.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Marais Juan

(Last) (First) (Middle)

21 PENHURST AVENUE

(Street)

BEDFORDVIEW 2007

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
02/28/2026

3. Issuer Name and Ticker or Trading Symbol
Karooooo Ltd. [ KARO ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

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

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

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	3,250,793	I	One Spire (Pty) Ltd

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

Exhibit 24.1 - Power of Attorney

	/s/ Juan Marais	03/18/2026
	** 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 5 (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 3: SEC 1473 (03-26)

FAQ

What does Karooooo (KARO) Chief Sales Officer Juan Marais report on this Form 3?

He reports an initial indirect ownership position in Karooooo. The filing lists 3,250,793 shares of Common Stock held through One Spire (Pty) Ltd, establishing his reported equity stake as Chief Sales Officer.

How many Karooooo (KARO) shares does Juan Marais indirectly hold?

The Form 3 shows an indirect holding of 3,250,793 Karooooo Common Stock shares. These are attributed to One Spire (Pty) Ltd, reflecting his reported beneficial interest through that entity rather than direct personal ownership.

Is the Karooooo (KARO) Form 3 for Juan Marais a buy or sell transaction?

The Form 3 is not a buy or sell report; it is an initial ownership statement. It records his existing indirect holding of 3,250,793 shares through One Spire (Pty) Ltd, rather than documenting a new market transaction.

How are Juan Marais’ Karooooo (KARO) shares held according to the Form 3?

The shares are reported as indirectly owned through One Spire (Pty) Ltd. The filing lists 3,250,793 Common Stock shares with indirect ownership, indicating they are held via this entity instead of directly in his own name.

Why is this Karooooo (KARO) Form 3 filing important for investors?

It clarifies the Chief Sales Officer’s reported equity stake in Karooooo. By disclosing 3,250,793 indirectly held shares, it provides transparency on executive ownership levels, which some investors track when evaluating management’s alignment with shareholders.