Kaspi.kz: Vyacheslav Kim sells 50,700 depositary shares

Q: How many ADSs did Vyacheslav Kim sell in KSPI?

Vyacheslav Kim, a director, sold 50,700 ADSs in eight transactions on October 30, November 2 and November 3, 2026, under a Rule 10b5-1 trading plan. Each ADS represents one common share.

Each ADS represents one common share, and the reported sales were made under a Rule 10b5-1 trading plan.

Available on EDGAR 11/03/2026 - 09:23 PM EST Accepted by SEC EDGAR 11/03/2026 - 09:22 PM EST

Filing Impact

(Neutral)

Filing Sentiment

(Negative)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

Joint Stock Co Kaspi.kz (KSPI) director Vyacheslav Kim sold 50,700 American Depositary Shares in eight transactions on October 30, November 2 and November 3, 2026, under a Rule 10b5-1 trading plan. Each ADS represents one common share. The reported weighted-average sales were 8,137 at $91.09, 3,586 at $92.10, 11,676 at $93.06 and 258 at $93.66 on October 30; 11,024 at $93.19 and 2,878 at $93.82 on November 2; and 12,074 at $92.30 and 1,067 at $93.54 on November 3.

Insider Trade Summary 10b5-1

Net Seller: 50,700 shares

Net Sell 8 txns

Insider Kim Vyacheslav

Role Director

Sold 50,700 shs ($4.69M)

Type	Security	Shares	Price	Value
Sale	American Depositary Shares, no par value ^{F1, F8}	12,074	$92.30	$1.11M
Sale	American Depositary Shares, no par value ^{F1, F9}	1,067	$93.54	$100K
Sale	American Depositary Shares, no par value ^{F1, F6}	11,024	$93.19	$1.03M
Sale	American Depositary Shares, no par value ^{F1, F7}	2,878	$93.82	$270K
Sale	American Depositary Shares, no par value ^{F1, F2}	8,137	$91.09	$741K
Sale	American Depositary Shares, no par value ^{F1, F3}	3,586	$92.10	$330K
Sale	American Depositary Shares, no par value ^{F1, F4}	11,676	$93.06	$1.09M
Sale	American Depositary Shares, no par value ^{F1, F5}	258	$93.66	$24K

Holdings After Transaction: American Depositary Shares, no par value — 36,085,874 contracts (Direct)

Holdings Before and After: American Depositary Shares, no par value, 36,136,574 to 36,085,874 contracts (Direct)

Footnotes (9)

F1. Each American Depositary Share (ADS) represents one common share of the issuer.
F2. The price reported in Column 8 is a weighted average price. These ADSs were sold in multiple transactions at prices ranging from $90.58 to $91.51, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the U.S. Securities and Exchange Commission ("SEC"), upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3. The price reported in Column 8 is a weighted average price. These ADSs were sold in multiple transactions at prices ranging from $91.6 to $92.585, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F4. The price reported in Column 8 is a weighted average price. These ADSs were sold in multiple transactions at prices ranging from $92.625 to $93.55, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F5. The price reported in Column 8 is a weighted average price. These ADSs were sold in multiple transactions at prices ranging from $93.63 to $93.72, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6. The price reported in Column 8 is a weighted average price. These ADSs were sold in multiple transactions at prices ranging from $92.60 to $93.59, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F7. The price reported in Column 8 is a weighted average price. These ADSs were sold in multiple transactions at prices ranging from $93.605 to $94.075, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F8. The price reported in Column 8 is a weighted average price. These ADSs were sold in multiple transactions at prices ranging from $91.9 to $92.82, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F9. The price reported in Column 8 is a weighted average price. These ADSs were sold in multiple transactions at prices ranging from $93.11 to $94.035, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Key Figures

ADSs sold: 8,137 ADSs at $91.09 per ADS ADSs sold: 3,586 ADSs at $92.10 per ADS ADSs sold: 11,676 ADSs at $93.06 per ADS +5 more

8 metrics

ADSs sold 8,137 ADSs at $91.09 per ADS October 30, 2026; reported weighted-average price

ADSs sold 3,586 ADSs at $92.10 per ADS October 30, 2026; reported weighted-average price

ADSs sold 11,676 ADSs at $93.06 per ADS October 30, 2026; reported weighted-average price

ADSs sold 258 ADSs at $93.66 per ADS October 30, 2026; reported weighted-average price

ADSs sold 11,024 ADSs at $93.19 per ADS November 2, 2026; reported weighted-average price

ADSs sold 2,878 ADSs at $93.82 per ADS November 2, 2026; reported weighted-average price

ADSs sold 12,074 ADSs at $92.30 per ADS November 3, 2026; reported weighted-average price

ADSs sold 1,067 ADSs at $93.54 per ADS November 3, 2026; reported weighted-average price

Key Terms

American Depositary Share (ADS), weighted average price, Rule 10b5-1 trading plan

3 terms

weighted average price financial

"The price reported in Column 8 is a weighted average price"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Rule 10b5-1 trading plan regulatory

"Transactions were reported under a Rule 10b5-1 trading plan"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

FAQ

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

How many ADSs did Vyacheslav Kim sell in KSPI?

Vyacheslav Kim, a director, sold 50,700 ADSs in eight transactions on October 30, November 2 and November 3, 2026, under a Rule 10b5-1 trading plan. Each ADS represents one common share.

What were the reported weighted-average sale prices for KSPI ADSs?

The reported weighted-average sales were 8,137 ADSs at $91.09, 3,586 at $92.10, 11,676 at $93.06 and 258 at $93.66 on October 30, 2026; 11,024 at $93.19 and 2,878 at $93.82 on November 2; and 12,074 at $92.30 and 1,067 at $93.54 on November 3.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kim Vyacheslav

(Last)

(First)

(Middle)

154A NAURYZBAI BATYR STREET

(Street)

ALMATY

050013

(City)

(State)

(Zip)

KAZAKSTAN

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/30/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
American Depositary Shares, no par value	⁽¹⁾	10/30/2026		S			8,137	⁽¹⁾	⁽¹⁾	Common Shares, no par value	⁽¹⁾	$91.09⁽²⁾	36,128,437	D
American Depositary Shares, no par value	⁽¹⁾	10/30/2026		S			3,586	⁽¹⁾	⁽¹⁾	Common Shares, no par value	⁽¹⁾	$92.1⁽³⁾	36,124,851	D
American Depositary Shares, no par value	⁽¹⁾	10/30/2026		S			11,676	⁽¹⁾	⁽¹⁾	Common Shares, no par value	⁽¹⁾	$93.06⁽⁴⁾	36,113,175	D
American Depositary Shares, no par value	⁽¹⁾	10/30/2026		S			258	⁽¹⁾	⁽¹⁾	Common Shares, no par value	⁽¹⁾	$93.66⁽⁵⁾	36,112,917	D
American Depositary Shares, no par value	⁽¹⁾	11/02/2026		S			11,024	⁽¹⁾	⁽¹⁾	Common Shares, no par value	⁽¹⁾	$93.19⁽⁶⁾	36,101,893	D
American Depositary Shares, no par value	⁽¹⁾	11/02/2026		S			2,878	⁽¹⁾	⁽¹⁾	Common Shares, no par value	⁽¹⁾	$93.82⁽⁷⁾	36,099,015	D
American Depositary Shares, no par value	⁽¹⁾	11/03/2026		S			12,074	⁽¹⁾	⁽¹⁾	Common Shares, no par value	⁽¹⁾	$92.3⁽⁸⁾	36,086,941	D
American Depositary Shares, no par value	⁽¹⁾	11/03/2026		S			1,067	⁽¹⁾	⁽¹⁾	Common Shares, no par value	⁽¹⁾	$93.54⁽⁹⁾	36,085,874	D

Explanation of Responses:

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

2. The price reported in Column 8 is a weighted average price. These ADSs were sold in multiple transactions at prices ranging from $90.58 to $91.51, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the U.S. Securities and Exchange Commission ("SEC"), upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

3. The price reported in Column 8 is a weighted average price. These ADSs were sold in multiple transactions at prices ranging from $91.6 to $92.585, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

4. The price reported in Column 8 is a weighted average price. These ADSs were sold in multiple transactions at prices ranging from $92.625 to $93.55, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

5. The price reported in Column 8 is a weighted average price. These ADSs were sold in multiple transactions at prices ranging from $93.63 to $93.72, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

6. The price reported in Column 8 is a weighted average price. These ADSs were sold in multiple transactions at prices ranging from $92.60 to $93.59, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

7. The price reported in Column 8 is a weighted average price. These ADSs were sold in multiple transactions at prices ranging from $93.605 to $94.075, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

8. The price reported in Column 8 is a weighted average price. These ADSs were sold in multiple transactions at prices ranging from $91.9 to $92.82, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

9. The price reported in Column 8 is a weighted average price. These ADSs were sold in multiple transactions at prices ranging from $93.11 to $94.035, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

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.

	/s/ Yuri Didenko, as attorney-in-fact for Vyacheslav Kim	11/03/2026
	** 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 4 (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 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR