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

The trades were executed by IFC African, Latin American and Caribbean Fund, LP (ALAC), a fund managed by International Finance Corp. IFC states it may be deemed to beneficially own the fund-held shares but disclaims beneficial ownership beyond its pecuniary interest in those securities.

IFC-managed fund trims Lesaka Technologies (LSAK) stake with 192,873-share sale

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Lesaka Technologies large shareholder International Finance Corp, through affiliated fund IFC African, Latin American and Caribbean Fund, LP (ALAC), reported open-market sales of a total of 192,873 shares of common stock over three days at weighted average prices around $4.90 per share.

The sales were 106,948 shares on April 14, 2026, 19,488 shares on April 15, 2026, and 66,437 shares on April 16, 2026, leaving 5,244,859 shares held indirectly and a separate direct holding line of 3,271,862 shares. International Finance Corp may be deemed to beneficially own shares held through three managed funds but disclaims beneficial ownership beyond its pecuniary interest.

Insights

IFC-linked funds sold 192,873 Lesaka shares but remain major holders.

The filing shows funds managed by International Finance Corp executed open-market sales totaling 192,873 Lesaka Technologies common shares at weighted average prices near $4.90. These sales were spread over three trading days, which looks like measured portfolio activity rather than a one-off block.

After the transactions, 5,244,859 shares are reported as held indirectly, with another 3,271,862 shares shown as a separate direct holding entry. IFC states it may be deemed to beneficially own the fund-held shares but expressly disclaims beneficial ownership beyond any pecuniary interest, framing this as institutional capital management instead of personal insider trading.

Insider Trade Summary

Net Seller: 192,873 shares ($945,172)

Net Sell 4 txns

Insider International Finance Corp

Role 10% Owner

Sold 192,873 shs ($945K)

Type	Security	Shares	Price	Value
Sale	Common Stock	66,437	$4.9001	$326K
Sale	Common Stock	19,488	$4.9023	$96K
Sale	Common Stock	106,948	$4.9004	$524K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 5,244,859 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 April 14, 2026, ranging from a low of $4.90 to a high of $4.91. 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 April 15, 2026, ranging from a low of $4.90 to a high of $4.93. 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 April 16, 2026, ranging from a low of $4.90 to a high of $4.94. 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

Shares sold April 14, 2026: 106,948 shares at $4.9004 Shares sold April 15, 2026: 19,488 shares at $4.9023 Shares sold April 16, 2026: 66,437 shares at $4.9001 +3 more

6 metrics

Shares sold April 14, 2026 106,948 shares at $4.9004 Open-market sale of Lesaka common stock by ALAC

Shares sold April 15, 2026 19,488 shares at $4.9023 Open-market sale of Lesaka common stock by ALAC

Shares sold April 16, 2026 66,437 shares at $4.9001 Open-market sale of Lesaka common stock by ALAC

Total shares sold 192,873 shares Net open-market sales across April 14–16, 2026

Indirect holdings after April 16, 2026 5,244,859 shares Lesaka shares held indirectly through IFC-managed funds

Direct holding entry 3,271,862 shares Lesaka shares shown as directly held as of April 14, 2026

Key Terms

weighted average price, beneficially own, pecuniary interest, indirectly through three funds, +1 more

5 terms

weighted average price financial

"Represents the weighted average price of Common Stock sold by ALAC on April 14, 2026"

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 held indirectly"

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

"disclaims beneficial ownership of the securities reported herein ... except to the extent of its pecuniary interest therein"

indirectly through three funds financial

"shares of Common Stock held indirectly through three funds managed by the Reporting Person"

Rule 16a-1(a) regulatory

"disclaims beneficial ownership of the securities reported herein for purposes of Rule 16a-1(a) under the Exchange Act"

Form 4 Insider Transactions: What Each Field Means →

04/16/2026 - 05:52 PM

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)
04/14/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/14/2026		S		106,948	D	$4.9004⁽¹⁾	5,330,784	I	See footnote⁽⁴⁾⁽⁵⁾
Common Stock	04/15/2026		S		19,488	D	$4.9023⁽²⁾	5,311,296	I	See footnote⁽⁴⁾⁽⁵⁾
Common Stock	04/16/2026		S		66,437	D	$4.9001⁽³⁾	5,244,859	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 April 14, 2026, ranging from a low of $4.90 to a high of $4.91. 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 April 15, 2026, ranging from a low of $4.90 to a high of $4.93. 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 April 16, 2026, ranging from a low of $4.90 to a high of $4.94. 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	04/16/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did International Finance Corp report in this Lesaka (LSAK) Form 4?

International Finance Corp reported that an affiliated fund sold 192,873 Lesaka common shares in open-market trades around $4.90 per share. The transactions occurred over three days and were made through IFC-managed investment funds rather than as personal insider trades.

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

The affiliated fund sold 106,948 Lesaka shares on April 14, 2026, 19,488 shares on April 15, 2026, and 66,437 shares on April 16, 2026. Altogether, the transactions totaled 192,873 shares of common stock sold on the open market.

At what prices were the Lesaka (LSAK) shares sold by the IFC-managed fund?

The filing reports weighted average sale prices near $4.90 per share. Specifically, averages were $4.9004 on April 14, $4.9023 on April 15, and $4.9001 on April 16, with actual trade prices ranging between $4.90 and $4.94.

How many Lesaka (LSAK) shares does International Finance Corp report holding after these sales?

After the final reported sale, 5,244,859 Lesaka shares are shown as held indirectly through IFC-managed funds. A separate line lists 3,271,862 shares as a direct holding entry, indicating a substantial remaining position associated with International Finance Corp following the transactions.

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

International Finance Corp explains it may be deemed to beneficially own Lesaka shares held through three managed funds, including ALAC. However, it expressly disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest, limiting the scope of its ownership claim.