Lesaka Technologies (LSAK) major holder sells 29,445 common shares

Rhea-AI Filing Summary

LESAKA TECHNOLOGIES INC major shareholder International Finance Corp reported open-market sales of a total of 29,445 shares of Lesaka common stock over three days. The sales, executed by the IFC-managed fund IFC African, Latin American and Caribbean Fund, LP, occurred on March 23, 2026, March 24, 2026 and March 25, 2026 at weighted average prices of $5.0348, $5.0218 and $5.0404 per share, within disclosed intraday price ranges around $5.00 to just above $5.10. Following these indirect sales, the filing shows 5,761,055 shares held indirectly and a separate entry of 3,271,862 shares held directly. International Finance Corp states it may be deemed to beneficially own shares held through three managed funds and disclaims beneficial ownership except to the extent of any pecuniary interest.

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

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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)
03/23/2026

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	03/23/2026		S		2,162	D	$5.0348(1)	5,788,338	I	See footnote(4)(5)
Common Stock	03/24/2026		S		16,179	D	$5.0218(2)	5,772,159	I	See footnote(4)(5)
Common Stock	03/25/2026		S		11,104	D	$5.0404(3)	5,761,055	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 23, 2026, ranging from a low of $5.00 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 24, 2026, ranging from a low of $5.00 to a high of $5.11. 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 25, 2026, ranging from a low of $5.00 to a high of $5.11. 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	03/25/2026
	** 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.
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* Form 4: SEC 1474 (03-26)

FAQ

What insider activity did Lesaka Technologies (LSAK) report in this Form 4?

The filing shows International Finance Corp, a 10% owner, reported open-market sales of 29,445 Lesaka common shares over three days, executed through a managed fund at weighted average prices slightly above $5.00 per share.

How many Lesaka (LSAK) shares were sold and on which dates?

A total of 29,445 common shares were sold: 2,162 shares on March 23, 2026, 16,179 shares on March 24, 2026, and 11,104 shares on March 25, 2026, all reported as open-market or private sale transactions.

What prices did the Lesaka (LSAK) insider sales occur at?

The reported weighted average prices were $5.0348 on March 23, $5.0218 on March 24, and $5.0404 on March 25. Footnotes state each day’s trades ranged from lows of $5.00 to highs between $5.11 and $5.15.

How many Lesaka (LSAK) shares does International Finance Corp hold after these transactions?

After the reported sales, the filing lists 5,761,055 Lesaka common shares held indirectly and a separate holding entry of 3,271,862 shares held directly, reflecting International Finance Corp’s reported positions at the time of the Form 4.

Through which entities are the Lesaka (LSAK) shares held indirectly?

Footnotes state the indirect holdings are through three funds managed by International Finance Corp: IFC African, Latin American and Caribbean Fund, LP; IFC Financial Institutions Growth Fund, LP; and Africa Capitalization Fund Ltd., which invest third-party capital alongside the reporting person.

Does International Finance Corp claim full beneficial ownership of the Lesaka (LSAK) shares?

No. International Finance Corp disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest, and notes the report should not be deemed an admission of beneficial ownership under Section 16 of the Exchange Act.