IFC-managed funds trim Lesaka (NASDAQ: LSAK) stake with 40,439-share sale

Rhea-AI Filing Summary

International Finance Corp, as reporting person for associated investment funds, reported net open‑market sales of 40,439 shares of Lesaka Technologies Inc common stock over three days. The sales, executed by IFC African, Latin American and Caribbean Fund, LP, were made at weighted average prices around $4.91–$4.95 per share.

After these transactions, entities associated with the reporting person held 5,720,616 shares indirectly and a separate direct holding line shows 3,271,862 shares. The reporting person states it may be deemed to beneficially own shares held through three managed funds but disclaims beneficial ownership except to any pecuniary interest.

Insider Trade Summary

Net Seller: 40,439 shares ($198,699)

Net Sell 4 txns

Insider International Finance Corp

Role 10% Owner

Sold 40,439 shs ($199K)

Type	Security	Shares	Price	Value
Sale	Common Stock	6,467	$4.9166	$32K
Sale	Common Stock	31,504	$4.91	$155K
Sale	Common Stock	2,468	$4.9508	$12K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 5,720,616 shares (Indirect, See footnote); Common Stock — 3,271,862 shares (Direct)

Footnotes (1)

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 26, 2026, ranging from a low of $4.90 to a high of $5.15. 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 27, 2026, ranging from a low of $4.90 to a high of $4.95. 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 30, 2026, ranging from a low of $4.90 to a high of $4.95. 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 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.

Key Figures

Total shares sold: 40,439 shares March 30 sale size: 6,467 shares March 27 sale size: 31,504 shares +4 more

7 metrics

Total shares sold 40,439 shares Net open-market sales reported across March 26–30, 2026

March 30 sale size 6,467 shares Common Stock sold on March 30, 2026 at $4.9166

March 27 sale size 31,504 shares Common Stock sold on March 27, 2026 at $4.9100

March 26 sale size 2,468 shares Common Stock sold on March 26, 2026 at $4.9508

Indirect holdings after trades 5,720,616 shares Indirectly held Common Stock following March 30, 2026 transaction

Direct holdings line 3,271,862 shares Directly held Common Stock shown in holding entry dated March 26, 2026

Price range March 26 $4.90–$5.15 Weighted average price range for March 26, 2026 sales

Key Terms

open-market sale, weighted average price, beneficially own, pecuniary interest, +1 more

5 terms

open-market sale financial

"transaction_action is described as "open-market sale" of Common Stock"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

weighted average price financial

"Represents the weighted average price of Common Stock sold by ALAC"

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.

beneficially own financial

"The Reporting Person may be deemed to beneficially own shares of Common Stock"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

pecuniary interest financial

"except to the extent of its pecuniary interest therein, if any"

Section 16 regulatory

"not be deemed an admission that the Reporting Person is a beneficial owner for the purpose of Section 16"

Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.

Form 4 Insider Transactions: What Each Field Means →

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^*

International Finance Corp

(Last) (First) (Middle)

2121 PENNSYLVANIA AVENUE

(Street)

WASHINGTON DISTRICT OF COLUMBIA 20433

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
LESAKA TECHNOLOGIES INC [ LSAK ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/26/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/26/2026		S		2,468	D	$4.9508(1)	5,758,587	I	See footnote(4)(5)
Common Stock	03/27/2026		S		31,504	D	$4.91(2)	5,727,083	I	See footnote(4)(5)
Common Stock	03/30/2026		S		6,467	D	$4.9166(3)	5,720,616	I	See footnote(4)(5)
Common Stock								3,271,862	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

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 26, 2026, ranging from a low of $4.90 to a high of $5.15. 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.

2. Represents the weighted average price of Common Stock sold by ALAC on March 27, 2026, ranging from a low of $4.90 to a high of $4.95. 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.

3. Represents the weighted average price of Common Stock sold by ALAC on March 30, 2026, ranging from a low of $4.90 to a high of $4.95. 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.

4. 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.

5. 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.

Remarks:

IFC is an international organization established by Articles of Agreement among its member countries, including the United States, and as such, enjoys certain immunities, privileges and exemptions, including the freedom of all of its property and assets from restrictions, regulations, controls and moratoria of any nature. The voluntary provision by IFC of the following information does not in any way constitute or imply a waiver, termination or modification by IFC of any privilege, immunity or exemption of IFC granted in the Articles of Agreement establishing IFC, international conventions, or applicable law.

	/s/ MOHAMED OMER EISSA, Name: Mohamed Omer Eissa, Title: Portfolio Manager, on behalf of International Finance Corporation	03/30/2026
	** 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)

FAQ

What insider activity did International Finance Corp report for LSAK?

International Finance Corp reported net open-market sales of 40,439 Lesaka Technologies common shares. The trades occurred over three days at prices near $4.91–$4.95 per share, reflecting portfolio activity by funds it manages rather than a direct personal sale.

On which dates were Lesaka Technologies (LSAK) shares sold by the IFC-managed fund?

Shares were sold on March 26, March 27, and March 30, 2026. These transactions were reported as open-market sales of Lesaka Technologies common stock by IFC African, Latin American and Caribbean Fund, LP, an investment fund associated with International Finance Corp.

How many Lesaka Technologies (LSAK) shares does the reporting person hold after these sales?

After the reported sales, entities associated with the reporting person hold 5,720,616 shares indirectly, with a separate direct holding line of 3,271,862 shares. These figures show the remaining reported position following the 40,439-share net reduction in common stock.

What prices were received for the Lesaka Technologies (LSAK) insider sales?

The reported weighted average sale prices were about $4.95, $4.91, and $4.92 per share on the three trading days. Footnotes state the actual individual trade prices ranged between $4.90 and $5.15, with full breakdowns available upon request.

Who actually executed the Lesaka Technologies (LSAK) share sales reported by International Finance Corp?

The sales were executed by IFC African, Latin American and Caribbean Fund, LP, a United Kingdom limited partnership. This fund, along with two other managed vehicles, holds Lesaka shares, while International Finance Corp serves as reporting person and disclaims beneficial ownership except for any pecuniary interest.

Does International Finance Corp claim full beneficial ownership of the reported LSAK shares?

International Finance Corp does not claim full beneficial ownership of all reported Lesaka shares. It notes the shares are held through three managed funds and explicitly disclaims beneficial ownership except to the extent of any pecuniary interest it may have in those vehicles.