Lesaka Technologies COO forfeits 68,319 shares

The forfeited shares came from a December 1, 2022 grant subject to a stock-price target vesting condition.

Rhea-AI Filing Summary

Lesaka Technologies Inc. (LSAK) Group Chief Operating Officer Naeem Ebrahim Kola returned 68,319 common shares to the issuer through forfeiture on December 1, 2025. The forfeiture involved a restricted-stock grant awarded on December 1, 2022, that did not meet a stock-price target vesting condition. Kola directly held 423,769 shares following the transaction.

Insider Trade Summary

Disposition: 68,319 shares

Disposition 1 txn

Insider Kola Naeem Ebrahim

Role Group Chief Operating Officer

Type	Security	Shares	Price	Value
Disposition	Common Stock F1	68,319	$0.00	$0.00

Holdings After Transaction: Common Stock — 423,769 shares (Direct)

Footnotes (1)

1. F1. Represents forfeiture of a grant of restricted stock awarded on December 1, 2022, which did not meet a stock price target vesting condition.

Key Figures

Common shares forfeited: 68,319 shares Direct holdings after transaction: 423,769 shares

2 metrics

Common shares forfeited 68,319 shares December 1, 2025

Direct holdings after transaction 423,769 shares Following the December 1, 2025 transaction

Key Terms

restricted stock, vesting condition, stock price target

3 terms

restricted stock financial

"grant of restricted stock awarded on December 1, 2022"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

vesting condition financial

"did not meet a stock price target vesting condition"

stock price target financial

"did not meet a stock price target vesting condition"

FAQ

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

How many shares did Lesaka Technologies (LSAK) COO Naeem Ebrahim Kola forfeit?

Naeem Ebrahim Kola forfeited 68,319 common shares on December 1, 2025, in a disposition to the issuer; he directly held 423,769 shares afterward. The shares were from a restricted-stock grant that did not meet a stock-price target vesting condition.

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

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Available on EDGAR 10/06/2026 - 08:57 AM Accepted by SEC EDGAR 10/06/2026 - 08:56 AM Learn about SEC filing dates

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^*

Kola Naeem Ebrahim

(Last) (First) (Middle)

7 PARKS BOULEVARD, OXFORD PARKS

(Street)

DUNKELD JOHANNESBURG 2196

(City) (State) (Zip)

SOUTH AFRICA

(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		10% Owner
X	Officer (give title below)		Other (specify below)
	Group Chief Operating Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
12/01/2025

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	12/01/2025		D		68,319(1)	D	$0.00	423,769	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 forfeiture of a grant of restricted stock awarded on December 1, 2022, which did not meet a stock price target vesting condition.

	/s/ Naeem E. Kola	10/06/2026
	** 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)