Kaspi.kz (KSPI) director Alina Prawdzik reports holdings in Form 3

Rhea-AI Filing Summary

Joint Stock Co Kaspi.kz director Alina Prawdzik has filed an initial ownership report showing a direct position in the company. The filing lists beneficial ownership of 17,778 American Depositary Shares, each representing one common share of Kaspi.kz. This Form 3 does not reflect any new buy or sell transaction, only her existing holdings.

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^*

Prawdzik Alina

(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)

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

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	17,778	(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 Alina Prawdzik	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 the Form 3 filing by Kaspi.kz (KSPI) director Alina Prawdzik report?

The Form 3 reports director Alina Prawdzik’s existing ownership in Kaspi.kz. It shows she directly holds 17,778 American Depositary Shares, each equal to one common share, and does not disclose any new purchase or sale activity.

How many Kaspi.kz (KSPI) American Depositary Shares does Alina Prawdzik hold?

The filing shows Alina Prawdzik directly holds 17,778 American Depositary Shares of Kaspi.kz. Each ADS represents one common share, so the reported position equals 17,778 underlying common shares in the company.

Does Alina Prawdzik’s Kaspi.kz (KSPI) Form 3 indicate recent insider buying or selling?

No, the Form 3 does not indicate recent buying or selling. It is an initial ownership statement that simply records Alina Prawdzik’s existing direct holdings of 17,778 American Depositary Shares in Kaspi.kz as of the reporting date.

What is the relationship between Kaspi.kz (KSPI) ADSs and common shares in this filing?

The filing states that each American Depositary Share represents one common share of Kaspi.kz. Therefore, the 17,778 ADSs reported for director Alina Prawdzik correspond to 17,778 underlying common shares of the issuer.

What type of security is reported in Kaspi.kz (KSPI) director Alina Prawdzik’s Form 3?

The security reported is American Depositary Shares with no par value, representing Kaspi.kz common shares. The filing details 17,778 ADSs held directly, with each ADS corresponding one-for-one to an underlying common share of the issuer.