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  4. [144] LESAKA TECHNOLOGIES INC SEC Filing

Lesaka holder plans $3.9M sale of 857K shares

IFC Fund plans to sell up to 857,362 Lesaka common shares under Rule 144 via J.P. Morgan on Nasdaq Global Select Market.

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Lesaka Technologies Inc (LSAK) is the issuer of common shares that IFC African, Latin American and Caribbean Fund, LP plans to sell under Rule 144. The fund has filed to sell up to 857,362 common shares through J.P. Morgan Securities LLC on the Nasdaq Global Select Market. These shares were originally acquired on May 11, 2016 in a private placement by Lesaka. Lesaka reported 85,736,223 common shares outstanding as of May 4, 2026; this is a baseline figure, not the amount being sold. The notice also lists multiple sales of Lesaka common shares by the fund during June–August 2026, including several individual transactions exceeding 90,000 shares.

Positive

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Shares to be sold under Rule 144 857,362 common shares Maximum number of Lesaka common shares covered by this Form 144 notice
Aggregate market value of shares to be sold $3,909,570.74 Aggregate market value of the 857,362 shares to be sold
Common shares outstanding 85,736,223 common shares Number of Lesaka common shares outstanding as of May 4, 2026
Shares acquired in 2016 private placement 2,781,615 common shares Common shares acquired on May 11, 2016 in a private placement by Lesaka
Sale on July 23, 2026 100,715 shares for $478,567.47 Common shares of Lesaka sold by the fund on July 23, 2026
Sale on August 4, 2026 90,000 shares for $433,287.00 Common shares of Lesaka sold by the fund on August 4, 2026
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
private placement financial
"Acquired common shares in connection with a private placement by the issuer"
A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.
aggregate market value financial
"857362 | 3909570.74 | 85736223 | 09/02/2026 | Nasdaq Global Select"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.
Nasdaq Global Select market
"85736223 | 09/02/2026 | Nasdaq Global Select"
A Nasdaq Global Select listing is the highest-quality tier on the Nasdaq stock exchange, awarded to companies that meet the strictest financial, reporting and governance standards. Think of it as a “premium shelf” in a store: it signals stronger oversight, transparency and liquidity compared with lower tiers, which helps investors judge company reliability, compare risk, and may attract more institutional buyers.
common shares financial
"Common shares | J.P. Morgan Securities LLC 383 Madison Avenue"
Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

FAQ

What does the Form 144 filing mean for Lesaka Technologies Inc (LSAK)?
The filing shows IFC African, Latin American and Caribbean Fund, LP intends to sell up to 857,362 Lesaka common shares under Rule 144 through J.P. Morgan Securities LLC. It reflects a potential secondary sale by an existing holder, not an issuance of new shares by Lesaka.

How many Lesaka (LSAK) shares are covered by this Form 144 notice?
The notice covers up to 857,362 common shares of Lesaka Technologies Inc to be sold. The filing also states an aggregate market value of $3,909,570.74 for these shares based on prevailing market prices at the time of the notice.

How many Lesaka (LSAK) shares were outstanding at the referenced date?
Lesaka reported 85,736,223 common shares outstanding as of May 4, 2026, according to its Quarterly Report for the period ended March 31, 2026. This figure provides context for the issuer’s total equity base at that time.

When and how did the selling holder acquire the Lesaka (LSAK) shares?
The selling holder acquired 2,781,615 common shares of Lesaka on May 11, 2016. These were obtained in connection with a private placement by the issuer, with payment of good funds at the time of acquisition.

What past sales of Lesaka (LSAK) shares does the Form 144 disclose?
The notice lists multiple sales over the prior three months. Examples include 100,715 shares sold on July 23, 2026 for $478,567.47 and 90,000 shares sold on August 4, 2026 for $433,287.00 by IFC African, Latin American and Caribbean Fund, LP.

On which market are Lesaka (LSAK) shares referenced in this Form 144 traded?
The Form 144 identifies Lesaka’s common shares as traded on the Nasdaq Global Select market. J.P. Morgan Securities LLC is listed as the broker handling the potential Rule 144 sales.

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

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144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

Source: View Original Filing on SEC EDGAR