Lesaka Technologies (LSAK) director exits 1,762 shares via Crossfin sales
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lesaka Technologies director Sparrow Dean Chad, through Crossfin Holdings (RF) Pty Ltd., reported a series of open-market sales of Lesaka common stock. Between March 3 and March 13, 2026, Crossfin sold a total of 1,762 shares at prices between $4.66 and $4.80 per share, with trades executed in South African rand on the JSE and translated to U.S. dollars. Following these transactions, the filing shows zero shares indirectly held through Crossfin.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,762 shares ($8,416)
Net Sell
6 txns
Insider
Sparrow Dean Chad
Role
Director
Sold
1,762 shs ($8K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 110 | $4.66 | $512.60 |
| Sale | Common Stock | 6 | $4.72 | $28.32 |
| Sale | Common Stock | 963 | $4.80 | $5K |
| Sale | Common Stock | 144 | $4.72 | $679.68 |
| Sale | Common Stock | 207 | $4.73 | $979.11 |
| Sale | Common Stock | 332 | $4.80 | $2K |
Holdings After Transaction:
Common Stock — 0 shares (Indirect, Crossfin Holdings (RF) Pty Ltd.)
Footnotes (1)
- The underlying transaction is denominated in ZAR and were executed through the trading system of the JSE Limited. The amount reported in United States dollars is based on the exchange rate in effect on the date of the transaction. The sale price for each transaction reported here was ZAR 78.54 per share. Shares held indirectly through Crossfin Holdings (RF) Pty Ltd..
Key Figures
Total shares sold: 1,762 shares
Lowest sale price: $4.66/share
Highest sale price: $4.80/share
+3 more
6 metrics
Total shares sold
1,762 shares
Aggregate insider sales of common stock in March 2026
Lowest sale price
$4.66/share
Open-market sale on March 13, 2026
Highest sale price
$4.80/share
Open-market sales on March 3 and March 11, 2026
Post-transaction holdings
0 shares
Indirect holdings through Crossfin after final sale
ZAR sale price
ZAR 78.54/share
Underlying per-share price on JSE for each transaction
Number of sale transactions
6 transactions
Individual open-market sales between March 3–13, 2026
Key Terms
open-market sale, indirect ownership, Common Stock, trading system of the JSE Limited, +1 more
5 terms
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
indirect ownership financial
"ownership_type: "indirect" and nature_of_ownership: "Crossfin Holdings (RF) Pty Ltd.""
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
trading system of the JSE Limited financial
"executed through the trading system of the JSE Limited"
exchange rate financial
"amount reported in United States dollars is based on the exchange rate"
Exchange rate is the price of one currency expressed in another—for example, how many euros you receive for one US dollar. It matters to investors because changes in that price alter the reported profits, costs and value of assets for companies and portfolios that operate or hold money across borders; think of it like switching measurement units, where the same item can look bigger or smaller depending on the unit used.
FAQ
What insider activity did Lesaka Technologies (LSAK) report in this Form 4?
Lesaka Technologies reported that director Sparrow Dean Chad, via Crossfin Holdings (RF) Pty Ltd., completed open-market sales totaling 1,762 shares of common stock between March 3 and March 13, 2026, and no shares remain indirectly held after these trades.
On which exchange were the Lesaka Technologies (LSAK) insider trades executed?
The footnotes state that the underlying transactions were executed through the trading system of the JSE Limited. Each sale was priced at ZAR 78.54 per share, with the reported U.S. dollar amounts derived from the exchange rate in effect on each transaction date.