International Finance Corp trims Lesaka Technologies (LSAK) stake via open-market sales

Rhea-AI Filing Summary

International Finance Corp, a 10% owner of Lesaka Technologies Inc, reported open-market sales of a total of 39,426 shares of Common Stock over two days. On March 18, 2026, 4,819 shares were sold at a weighted average price of $5.3782 per share, with individual trades ranging from $5.31 to $5.44. On March 19, 2026, 34,607 shares were sold at a weighted average price of $5.0584, with trade prices between $5.00 and $5.32. These sales were executed by IFC African, Latin American and Caribbean Fund, LP and other managed funds, and International Finance Corp may be deemed to beneficially own these indirectly held shares while disclaiming beneficial ownership beyond its pecuniary interest. After the transactions, the filing shows 5,790,500 shares held indirectly and 3,271,862 shares held directly.

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)
03/18/2026

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	03/18/2026		S		4,819	D	$5.3782(1)	5,825,107	I	See footnote(3)(4)
Common Stock	03/19/2026		S		34,607	D	$5.0584(2)	5,790,500	I	See footnote(3)(4)
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 18, 2026, ranging from a low of $5.31 to a high of $5.44. 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 19, 2026, ranging from a low of $5.00 to a high of $5.32. 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. 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.

4. 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	03/20/2026
	** 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)

FAQ

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

International Finance Corp reported selling 39,426 shares of Lesaka Technologies Common Stock in open-market transactions. The sales occurred across two days in March 2026 through investment funds it manages, reflecting a modest reduction in its overall position while retaining substantial shareholdings.

How many Lesaka Technologies shares did IFC sell and on which dates?

IFC-related funds sold a total of 39,426 Lesaka shares. They sold 4,819 shares on March 18, 2026, and 34,607 shares on March 19, 2026, according to the Form 4 insider filing summarizing these open-market transactions.

At what prices were the Lesaka Technologies (LSAK) shares sold by IFC-related funds?

On March 18, 2026, shares were sold at a weighted average of $5.3782, within a $5.31–$5.44 range. On March 19, 2026, the weighted average price was $5.0584, with individual trades between $5.00 and $5.32, as detailed in the filing footnotes.

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

Following the reported transactions, the filing shows 5,790,500 Lesaka shares held indirectly and 3,271,862 shares held directly. This indicates IFC-associated entities still maintain a large ownership stake in the company despite the relatively small open-market sales.

Were the Lesaka Technologies share sales made directly by IFC or through managed funds?

The sales were executed by IFC African, Latin American and Caribbean Fund, LP and other funds managed by International Finance Corp. IFC may be deemed to beneficially own these indirectly held shares but disclaims beneficial ownership except to the extent of its pecuniary interest.

Does International Finance Corp fully acknowledge beneficial ownership of the reported Lesaka shares?

International Finance Corp states it may be deemed to beneficially own 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 acknowledged ownership.