Who actually executed the Lesaka Technologies (LSAK) share sales for International Finance Corp?

The sales were executed by IFC African, Latin American and Caribbean Fund, LP, a fund managed by International Finance Corp. The Form 4 explains that International Finance Corp may be deemed to beneficially own these securities through several managed funds that invest third-party capital.

International Finance Corp trims Lesaka (LSAK) stake with 61K-share sale

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Lesaka Technologies Inc. major holder International Finance Corp reported open-market sales of Common Stock executed by IFC African, Latin American and Caribbean Fund, LP over three days. The fund sold a total of 61,398 shares at weighted average prices around $5 per share. Following these transactions, entities associated with International Finance Corp held 5,659,218 shares indirectly and 3,271,862 shares directly. The reporting person notes that beneficial ownership is disclaimed except to the extent of any pecuniary interest.

Insider Trade Summary

Net Seller: 61,398 shares ($307,029)

Net Sell 4 txns

Insider International Finance Corp

Role 10% Owner

Sold 61,398 shs ($307K)

Type	Security	Shares	Price	Value
Sale	Common Stock	9,928	$4.9945	$50K
Sale	Common Stock	18,663	$4.9725	$93K
Sale	Common Stock	32,807	$5.0185	$165K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 5,659,218 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 March 31, 2026, ranging from a low of $4.90 to a high of $5.08. 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 1, 2026, ranging from a low of $4.91 to a high of $5.00. 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 2, 2026, ranging from a low of $4.90 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. 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

Total shares sold: 61,398 shares Shares sold on 2026-03-31: 32,807 shares at $5.0185 Shares sold on 2026-04-01: 18,663 shares at $4.9725 +5 more

8 metrics

Total shares sold 61,398 shares Net open-market sales across March 31–April 2, 2026

Shares sold on 2026-03-31 32,807 shares at $5.0185 Open-market sale by ALAC, weighted average price

Shares sold on 2026-04-01 18,663 shares at $4.9725 Open-market sale by ALAC, weighted average price

Shares sold on 2026-04-02 9,928 shares at $4.9945 Open-market sale by ALAC, weighted average price

Indirect holdings after sales 5,659,218 shares Indirect ownership following April 2, 2026 transactions

Direct holdings reported 3,271,862 shares Direct ownership entry dated March 31, 2026

Price range 2026-03-31 $4.90–$5.08 Range for trades included in the March 31 weighted average

Price range 2026-04-02 $4.90–$5.02 Range for trades included in the April 2 weighted average

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 IFC African, Latin American and Caribbean Fund, LP"

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 regulatory

"The Reporting Person may be deemed to beneficially own shares of Common Stock held indirectly through three funds"

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"

Rule 16a-1(a) regulatory

"for purposes of Rule 16a-1(a) under the Exchange Act, except to the extent of its pecuniary interest"

Section 16 of the Exchange Act regulatory

"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 →

04/02/2026 - 06:42 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)
03/31/2026

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	03/31/2026		S		32,807	D	$5.0185⁽¹⁾	5,687,809	I	See footnote⁽⁴⁾⁽⁵⁾
Common Stock	04/01/2026		S		18,663	D	$4.9725⁽²⁾	5,669,146	I	See footnote⁽⁴⁾⁽⁵⁾
Common Stock	04/02/2026		S		9,928	D	$4.9945⁽³⁾	5,659,218	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 March 31, 2026, ranging from a low of $4.90 to a high of $5.08. 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 1, 2026, ranging from a low of $4.91 to a high of $5.00. 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 2, 2026, ranging from a low of $4.90 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.

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	04/02/2026
	** 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 in Lesaka Technologies (LSAK)?

International Finance Corp reported that a managed fund sold 61,398 shares of Lesaka Technologies Common Stock in open-market transactions over three days, at weighted average prices around $5 per share. The filing reflects routine portfolio activity rather than any change in control.

Over what dates did the Lesaka Technologies (LSAK) insider sales occur?

The managed fund associated with International Finance Corp sold Lesaka Technologies Common Stock on March 31, April 1, and April 2, 2026. Each day’s trades were reported with a weighted average price and price range for those transactions in the Form 4 filing.

How many Lesaka Technologies (LSAK) shares were held after the reported sales?

After the reported sales, entities associated with International Finance Corp held 5,659,218 Lesaka Technologies shares indirectly and 3,271,862 shares directly. These holdings show the reporting person continues to have a substantial position despite the relatively modest open-market dispositions.

What prices were received in the Lesaka Technologies (LSAK) insider sales?

The reported weighted average prices were $5.0185 on March 31, 2026, $4.9725 on April 1, 2026, and $4.9945 on April 2, 2026. Each day’s trades occurred within disclosed ranges between approximately $4.90 and $5.08 per share.

Does International Finance Corp fully acknowledge beneficial ownership of its Lesaka (LSAK) holdings?

International Finance Corp disclaims beneficial ownership of the reported Lesaka shares except to the extent of its pecuniary interest. The filing states that the report should not be deemed an admission of beneficial ownership for Section 16 or any other legal purpose.