Joint Stock Co Kaspi.kz (KSPI) CFO discloses 1,773,378 ADS beneficial holdings

Rhea-AI Filing Summary

Joint Stock Co Kaspi.kz officer Mosidze Tengiz, who serves as Deputy Chairman and CFO, has filed an initial statement of beneficial ownership. The filing reports direct ownership of 1,773,378 American Depositary Shares, each representing one common share of the issuer. This Form 3 does not disclose any recent purchases or sales, but instead records the CFO’s existing holdings as a baseline for future insider transaction reports.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Mosidze Tengiz

Role Deputy Chairman, CFO

Type	Security	Shares	Price	Value
holding	American Depositary Shares, no par value	--	--	--

Holdings After Transaction: American Depositary Shares, no par value — 1,773,378 shares (Direct)

Footnotes (1)

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Accepted by SEC EDGAR 03/18/2026 - 05:30 PM Learn about SEC filing dates

FAQ

What does Kaspi.kz (KSPI) disclose about Mosidze Tengiz in this Form 3?

The filing shows Mosidze Tengiz, Deputy Chairman and CFO of Joint Stock Co Kaspi.kz, reporting his existing direct ownership of 1,773,378 American Depositary Shares. This establishes his baseline holdings for future insider trading disclosures.

How many Kaspi.kz (KSPI) American Depositary Shares does the CFO hold?

The CFO, Mosidze Tengiz, reports direct beneficial ownership of 1,773,378 American Depositary Shares. These ADS represent an equivalent number of common shares, according to the filing’s footnote explanation.

Does this Kaspi.kz (KSPI) Form 3 show any insider buying or selling?

No insider buying or selling is shown. The Form 3 records a holding entry, establishing that the CFO beneficially owns 1,773,378 American Depositary Shares, rather than reporting a new transaction in the company’s securities.

What does one Kaspi.kz (KSPI) American Depositary Share represent?

Each American Depositary Share of Joint Stock Co Kaspi.kz represents one common share of the issuer. This 1:1 relationship is specified in a footnote, clarifying the link between ADS and underlying common equity.

Is the Kaspi.kz (KSPI) CFO’s ownership direct or indirect in this Form 3?

The filing identifies the CFO’s 1,773,378 American Depositary Shares as held with direct ownership. No trusts, entities, or indirect ownership structures are referenced in the ownership description for this position.

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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Mosidze Tengiz

(Last) (First) (Middle)

154A NAURYZBAI BATYR STREET

(Street)

ALMATY 050013

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Joint Stock Co Kaspi.kz [ KSPI ]

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)
	Deputy Chairman, CFO

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)

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
American Depositary Shares, no par value	(1)	(1)	Common shares, no par value	1,773,378	(1)	D

Explanation of Responses:

1. Each American Depositary Share represents one common share of the issuer.

Remarks:

Due to the issuer's status as a foreign private issuer pursuant to Rule 3a12-3(b) under the Securities Exchange Act of 1934 (the "Act"), the reporting person's transactions in the issuer's equity securities are exempt from Sections 16(b) and 16(c) of the Act. Exhibit 24 - Power of Attorney

	/s/ Yuri Didenko as attorney-in-fact for Tengiz Mosidze	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)