Who actually executed the Lesaka Technologies (LSAK) share sales reported by IFC?

The sales were executed by IFC African, Latin American and Caribbean Fund, LP, referred to as ALAC, a United Kingdom limited partnership managed by International Finance Corp. Footnotes explain that IFC may be deemed to beneficially own shares held through ALAC and other managed funds, subject to ownership disclaimers.

IFC fund trims Lesaka (LSAK) stake with 101K-share open-market sales

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

International Finance Corp (IFC), as reporting person for funds it manages, reported open-market sales of Lesaka Technologies common stock over three days. An IFC-managed fund sold 34,219 shares at a weighted average price of $4.9514 on April 6, 47,954 shares at $4.9137 on April 7, and 19,311 shares at $4.9278 on April 8, for total reported sales of 101,484 shares. After these transactions, IFC-related entities held 5,557,734 shares indirectly, and a separate entry shows 3,271,862 shares held directly. IFC disclaims beneficial ownership beyond any pecuniary interest.

Insights

IFC-managed fund makes modest open-market trim to Lesaka stake.

International Finance Corp, a more than ten percent owner of Lesaka Technologies, reported net open-market sales of 101,484 common shares across three days at weighted average prices around $4.92–$4.95 per share.

The filing shows 5,557,734 shares held indirectly after the sales and a separate direct holding entry of 3,271,862 shares, so the disposals represent a relatively small portion of the overall reported position. Footnotes clarify that trades were executed by an IFC-managed fund and that IFC disclaims beneficial ownership beyond its pecuniary interest.

Insider Trade Summary

Net Seller: 101,484 shares ($500,224)

Net Sell 4 txns

Insider International Finance Corp

Role 10% Owner

Sold 101,484 shs ($500K)

Type	Security	Shares	Price	Value
Sale	Common Stock	19,311	$4.9278	$95K
Sale	Common Stock	47,954	$4.9137	$236K
Sale	Common Stock	34,219	$4.9514	$169K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 5,557,734 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 6, 2026, ranging from a low of $4.92 to a high of $5.02. 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 7, 2026, ranging from a low of $4.90 to a high of $4.97. 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 8, 2026, ranging from a low of $4.90 to a high of $5.015. 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 6, 2026: 34,219 shares at $4.9514 Shares sold April 7, 2026: 47,954 shares at $4.9137 Shares sold April 8, 2026: 19,311 shares at $4.9278 +3 more

6 metrics

Shares sold April 6, 2026 34,219 shares at $4.9514 Open-market sale by IFC-managed fund

Shares sold April 7, 2026 47,954 shares at $4.9137 Open-market sale by IFC-managed fund

Shares sold April 8, 2026 19,311 shares at $4.9278 Open-market sale by IFC-managed fund

Total shares sold 101,484 shares Net open-market sales across three days

Indirect holdings after trades 5,557,734 shares Indirect Lesaka shares following April 8, 2026 sale

Direct holding entry 3,271,862 shares Common stock shown as directly held on April 6, 2026

Key Terms

weighted average price, beneficially own, pecuniary interest, Rule 16a-1(a), +1 more

5 terms

weighted average price financial

"Represents the weighted average price of Common Stock sold by ALAC on April 6, 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

"except to the extent of its pecuniary interest therein, if any"

Rule 16a-1(a) regulatory

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

Section 16 of the Exchange Act regulatory

"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"

Form 4 Insider Transactions: What Each Field Means →

04/08/2026 - 06:21 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)
04/06/2026

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	04/06/2026		S		34,219	D	$4.9514⁽¹⁾	5,624,999	I	See footnote⁽⁴⁾⁽⁵⁾
Common Stock	04/07/2026		S		47,954	D	$4.9137⁽²⁾	5,577,045	I	See footnote⁽⁴⁾⁽⁵⁾
Common Stock	04/08/2026		S		19,311	D	$4.9278⁽³⁾	5,557,734	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 6, 2026, ranging from a low of $4.92 to a high of $5.02. 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 7, 2026, ranging from a low of $4.90 to a high of $4.97. 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 8, 2026, ranging from a low of $4.90 to a high of $5.015. 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	04/08/2026
	** 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 insider activity did International Finance Corp report for Lesaka Technologies (LSAK)?

International Finance Corp reported open-market sales of 101,484 Lesaka Technologies common shares over three days. A managed fund sold 34,219 shares on April 6, 47,954 on April 7, and 19,311 on April 8, at weighted average prices just under $5 per share.

At what prices did the IFC-managed fund sell Lesaka Technologies (LSAK) shares?

The IFC-managed fund reported weighted average sale prices of $4.9514 on April 6, $4.9137 on April 7, and $4.9278 on April 8. Footnotes note that actual trades occurred in ranges between approximately $4.90 and $5.02, with full trade breakdowns available upon request.

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

After the reported transactions, entities associated with International Finance Corp held 5,557,734 Lesaka shares indirectly. A separate holding entry shows 3,271,862 shares held directly. The filing indicates IFC is a more than ten percent owner when aggregating these positions, subject to footnote ownership disclaimers.

Does International Finance Corp claim full beneficial ownership of its Lesaka (LSAK) holdings?

No. The filing states that International Finance Corp disclaims beneficial ownership of the reported securities under Rule 16a-1(a), except to the extent of its pecuniary interest. It also clarifies that shares are held through multiple funds that invest third-party capital alongside IFC’s own investments.