IFC (NYSE: LSAK) fund trims Lesaka stake with 174K-share sale

Rhea-AI Filing Summary

International Finance Corp, a 10% owner of Lesaka Technologies Inc, reported open-market sales of an aggregate 174,430 shares of common stock over several days. On March 13, 2026, a fund it manages sold 60,000 shares at a weighted average price of $4.8485 per share. Additional sales of 27,389 shares at $4.9423 occurred on March 16 and 87,041 shares at $5.3093 on March 17. The sales were executed by IFC African, Latin American and Caribbean Fund, LP, a managed fund, with price ranges disclosed for each day. After these transactions, indirect holdings reported were 5,829,926 shares, and a separate direct holding line shows 3,271,862 shares. International Finance Corp states it may be deemed to beneficially own shares held through three managed funds and expressly disclaims beneficial ownership beyond its 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 DC 20433

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	03/13/2026		S		60,000	D	$4.8485(1)	5,944,356	I	See footnote(4)(5)
Common Stock	03/16/2026		S		27,389	D	$4.9423(2)	5,916,967	I	See footnote(4)(5)
Common Stock	03/17/2026		S		87,041	D	$5.3093(3)	5,829,926	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 13, 2026, ranging from a low of $4.71 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.

2. Represents the weighted average price of Common Stock sold by ALAC on March 16, 2026, ranging from a low of $4.81 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 17, 2026, ranging from a low of $5.10 to a high of $5.52. 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.

	INTERNATIONAL FINANCE CORPORATION, Name: Mohamed Omer Eissa, Title: Portfolio Manager, on behalf of International Finance Corporation	03/17/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transactions did International Finance Corp report for Lesaka Technologies (LSAK)?

International Finance Corp reported open-market sales totaling 174,430 Lesaka shares across three transactions in mid-March 2026. Shares were sold at weighted average prices between about $4.85 and $5.31, reducing its reported indirect position while leaving a substantial shareholding in place.

Who actually executed the recent LSAK share sales associated with International Finance Corp?

The sales were executed by IFC African, Latin American and Caribbean Fund, LP (ALAC), a United Kingdom limited partnership managed by International Finance Corp. ALAC sold Lesaka common stock on March 13, 16, and 17, 2026, with detailed price ranges disclosed for each trading day.

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

After the reported transactions, International Finance Corp reports 5,829,926 shares held indirectly and a separate line of 3,271,862 shares held directly. These figures show that, despite the sales, the reporting person and related funds continue to hold a large Lesaka equity position.

Were International Finance Corp’s recent Lesaka (LSAK) trades open-market sales?

Yes. Each transaction is coded “S” and described as an open-market or private sale of Lesaka common stock. Weighted average prices were $4.8485, $4.9423, and $5.3093, with footnotes providing the low-to-high price range for each trading day.

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

International Finance Corp states it may be deemed to beneficially own Lesaka shares held through three managed funds but disclaims beneficial ownership beyond its pecuniary interest. It also clarifies that the report should not be viewed as an admission of beneficial ownership for Section 16 purposes.

What price ranges were disclosed for International Finance Corp’s Lesaka (LSAK) share sales?

Footnotes state ALAC’s weighted average sale prices reflect ranges of $4.71–$4.94 on March 13, $4.81–$5.11 on March 16, and $5.10–$5.52 on March 17. International Finance Corp offers to provide the exact share counts at each price upon request.