Lesaka Technologies (LSAK) major holder fund sells 36,991 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lesaka Technologies’ major shareholder International Finance Corp reported indirect open-market sales of common stock through affiliated fund ALAC. On March 6, ALAC sold 9,224 shares at a weighted average price of $4.6395, within a $4.60–$4.69 range. On March 9, it sold 27,767 shares at a weighted average price of $4.5625, within a $4.5050–$4.64 range. After these transactions, the reporting person shows 6,035,962 shares held indirectly and 3,271,862 shares held directly. A footnote also corrects a prior Form 4, stating that total shares subsequently held should have been 6,072,953 rather than 6,034,293. The reporting person disclaims beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 36,991 shares ($169,482)
Net Sell
3 txns
Insider
International Finance Corp
Role
10% Owner
Sold
36,991 shs ($169K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 27,767 | $4.5625 | $127K |
| Sale | Common Stock | 9,224 | $4.6395 | $43K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 6,035,962 shares (Indirect, See footnote);
Common Stock — 3,271,862 shares (Direct)
Footnotes (1)
- Represents the weighted average price of Common Stock sold by IFC African, Latin American and Caribbean Fund, LP ("ALAC"), a United Kingdom limited partnership, of which IFC African, Latin American and Caribbean Fund (GP) LLC, a Delaware limited liability company, serves as general partner, on March 6, 2026, ranging from a low of $4.60 to a high of $4.69. The Reporting Person undertakes, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer to provide full information regarding the number of shares purchased at each separate price. Represents the weighted average price of Common Stock sold by ALAC on March 9, 2026, ranging from a low of $4.5050 to a high of $4.64. The Reporting Person undertakes, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer to provide full information regarding the number of shares purchased at each separate price. The Form 4 filed on March 6, 2026 incorrectly reported the total shares of Common Stock subsequently held by the Reporting Person as 6,034,293 shares instead of the correct amount of 6,072,953 shares. The Reporting Person may be deemed to beneficially own shares of Common Stock held indirectly through three funds managed by the Reporting Person that invests third party capital in conjunction with the Reporting Person's investments: (a) ALAC; (b) IFC Financial Institutions Growth Fund, LP, a United Kingdom limited partnership, of which IFC FIG Fund (GP), LLP, a United Kingdom limited liability partnership, serves as general partner; and (c) Africa Capitalization Fund Ltd., a Mauritius limited company primarily engaged in the business of investing in securities. The Reporting Person disclaims beneficial ownership of the securities reported herein for purposes of Rule 16a-1(a) under the Exchange Act, except to the extent of its pecuniary interest therein, if any. This report shall not be deemed an admission that the Reporting Person is a beneficial owner for the purpose of Section 16 of the Exchange Act, or for any other purpose.
