KSPI files Form 144 to sell 1,000,000 ADS

KSPI submitted a Form 144 notice proposing the sale of 1,000,000 ADS.

Accepted by SEC EDGAR 03/10/2026 - 04:39 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

KSPI submitted a Form 144 notice proposing the sale of 1,000,000 ADS. The ADS were described as Common Shares converted to ADS at the time of Issuer IPO and as RegS GDRs converted into ADS. The broker listed is UBS Financial Services Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does KSPI's Form 144 report show?

The filing reports a proposed sale of 1,000,000 ADS. It states the securities were converted into ADS from RegS GDRs and from Common Shares at the Issuer IPO, and lists UBS Financial Services Inc. as the broker.

Who is the broker handling the proposed KSPI sale?

UBS Financial Services Inc. is named as the broker for the proposed sale. The filing provides UBS's address as 11 Madison Avenue, 4th Floor, New York, NY 10010 in connection with the 1,000,000 ADS transaction.

When and how were the ADS described as converted for KSPI?

The filing notes conversion events dated 01/10/2024, indicating the ADS were created by conversion of RegS GDRs and by conversion of Common Shares at the Issuer IPO, per the Form 144 text.

On which exchange is KSPI's ADS listed per the filing?

The Form 144 lists the exchange as NASDAQ. The filing ties the securities to the ADS class and provides numerical entries including 1,000,000 ADS in the context of the proposed sale.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0002029485
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Joint Stock Co Kaspi.kz
SEC File Number	001-41921
Address of Issuer	154A NAURYZBAI BATYR STREET ALMATY KAZAKSTAN 050013
Phone	7 727 3306710
Name of Person for Whose Account the Securities are To Be Sold	Kim Vyacheslav
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
ADS	UBS Financial Services Inc. 11 Madison Avenue 4th Floor New York NY 10010	1000000	74000000.00	190228000	03/10/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
ADS	01/10/2024	RegS GDRs converted into ADS at the time of the Issuer IPO	Issuer			1000000	01/10/2024	Common Shares converted to ADS at the time of Issuer IPO

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks
Date of Notice	03/10/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	12/09/2025
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ UBS Financial Services Inc., as attorney-in-fact for Vyacheslav Kim
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)