Lesaka chair buys 43K shares in open market

LESAKA TECHNOLOGIES INC (LSAK) reports that Executive Chairman Ali Mazanderani purchased a total of 43,000 shares of common stock in open-market transactions on September 15 and 16, 2026.

Rhea-AI Filing Summary

LESAKA TECHNOLOGIES INC (LSAK) reports that Executive Chairman Ali Mazanderani purchased a total of 43,000 shares of common stock in open-market transactions on September 15 and 16, 2026. The reported prices are weighted averages, with purchase ranges from $4.12–$4.30 and $4.35–$4.40 per share, and no Rule 10b5-1 plan is reported.

Insider Trade Summary

Net Buyer: 43,000 shares

Net Buy 2 txns

Insider Mazanderani Ali

Role Executive Chairman

Bought 43,000 shs ($184K)

Type	Security	Shares	Price	Value
Purchase	Common Stock F2	14,774	$4.40	$65K
Purchase	Common Stock F1	28,226	$4.21	$119K

Holdings After Transaction: Common Stock — 2,491,538 shares (Direct)

Footnotes (2)

1. F1. The price reported represents the weighted average price for the transactions reported here. Purchase prices for the transactions reported range from $4.12 to $4.30. Full information regarding the number of shares purchased at each separate price will be provided to the SEC, the issuer or its shareholders upon request.
2. F2. The price reported represents the weighted average price for the transactions reported here. Purchase prices for the transactions reported range from $4.35 to $4.40. Full information regarding the number of shares purchased at each separate price will be provided to the SEC, the issuer or its shareholders upon request.

Key Figures

Total shares purchased: 43,000 shares Shares purchased on September 15, 2026: 28,226 shares Weighted average price on September 15, 2026: $4.21 per share +2 more

5 metrics

Total shares purchased 43,000 shares Common stock bought by Executive Chairman Ali Mazanderani on September 15–16, 2026

Shares purchased on September 15, 2026 28,226 shares Open-market purchase of Lesaka Technologies common stock

Weighted average price on September 15, 2026 $4.21 per share Actual trade prices ranged from $4.12 to $4.30 per share

Shares purchased on September 16, 2026 14,774 shares Open-market purchase of Lesaka Technologies common stock

Weighted average price on September 16, 2026 $4.40 per share Actual trade prices ranged from $4.35 to $4.40 per share

Key Terms

weighted average price, open market or private transaction

2 terms

weighted average price financial

"The price reported represents the weighted average price for the transactions"

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.

open market or private transaction financial

"Purchase in open market or private transaction"

FAQ

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

What insider transactions did LSAK disclose for Executive Chairman Ali Mazanderani?

Lesaka Technologies disclosed that Executive Chairman Ali Mazanderani purchased a total of 43,000 common shares in open-market transactions on September 15 and 16, 2026. The filing describes these as direct ownership purchases of the company’s common stock.

How many LSAK shares did Ali Mazanderani buy on each transaction date?

On September 15, 2026, Ali Mazanderani purchased 28,226 shares of Lesaka Technologies common stock. On September 16, 2026, he purchased an additional 14,774 shares, for a combined total of 43,000 shares acquired across the two days.

At what prices were the LSAK shares purchased by Ali Mazanderani?

For the 28,226-share purchase on September 15, the reported weighted average price was $4.21 per share, with trade prices ranging from $4.12 to $4.30. For the 14,774-share purchase on September 16, the weighted average price was $4.40, with prices from $4.35 to $4.40.

Were Ali Mazanderani’s LSAK share purchases made under a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 checkbox is not marked as an affirmative plan, and the footnotes do not state that the transactions were made under a Rule 10b5-1 trading plan. The purchases are reported simply as open-market or private transactions.

Does the Form 4 show Ali Mazanderani’s total LSAK holdings after these purchases?

No. For both reported transactions, the Form 4 data do not provide a total shares following the transaction figure. Only the number of shares purchased and the weighted average price ranges for each date are disclosed in this report.

How is the purchase price information for LSAK shares presented in this Form 4?

Each line item reports a weighted average price per share. Footnotes explain that actual purchase prices for the September 15 trades ranged from $4.12 to $4.30 and for the September 16 trades ranged from $4.35 to $4.40, with full breakdowns available upon request.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 09/17/2026 - 04:06 PM Accepted by SEC EDGAR 09/17/2026 - 04:05 PM 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^*

Mazanderani Ali

(Last) (First) (Middle)

7 PARKS BOULEVARD, OXFORD PARKS, 1ST FLR

(Street)

DUNKELD, JOHANNESBURG FC

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2026

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	09/15/2026		P		28,226	A	$4.21(1)	2,476,764	D
Common Stock	09/16/2026		P		14,774	A	$4.4(2)	2,491,538	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. The price reported represents the weighted average price for the transactions reported here. Purchase prices for the transactions reported range from $4.12 to $4.30. Full information regarding the number of shares purchased at each separate price will be provided to the SEC, the issuer or its shareholders upon request.

2. The price reported represents the weighted average price for the transactions reported here. Purchase prices for the transactions reported range from $4.35 to $4.40. Full information regarding the number of shares purchased at each separate price will be provided to the SEC, the issuer or its shareholders upon request.

	/s/ Ali Mazanderani	09/17/2026
	** 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)