International Finance Corp 4
4 · LESAKA TECHNOLOGIES INC · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Lesaka Technologies (LSAK) IFC Sells 174,430 Shares
What Happened
International Finance Corp (IFC), reported as a 10% owner, sold a total of 174,430 shares of Lesaka Technologies (LSAK) in three open‑market dispositions between March 13 and March 17, 2026. The trades were: 60,000 shares on March 13 at a weighted average price of $4.85 ($290,910), 27,389 shares on March 16 at $4.94 ($135,365), and 87,041 shares on March 17 at $5.31 ($462,127). Total proceeds across the three sales were approximately $888,402. These were sales (not purchases), so they are routine dispositions by an institutional investor rather than a direct bullish vote.
Key Details
- Transaction dates and weighted average prices:
- March 13, 2026 — 60,000 shares @ $4.85 (weighted avg; reported range $4.71–$4.94) — $290,910 (F1)
- March 16, 2026 — 27,389 shares @ $4.94 (weighted avg; reported range $4.81–$5.11) — $135,365 (F2)
- March 17, 2026 — 87,041 shares @ $5.31 (weighted avg; reported range $5.10–$5.52) — $462,127 (F3)
- Total sold: 174,430 shares for ~$888,402.
- Shares owned after transaction: Not disclosed in the provided filing details.
- Notable footnotes: Sales were executed by ALAC (IFC African, Latin American and Caribbean Fund, LP) and reported weighted‑average prices; IFC disclaims beneficial ownership except to the extent of any pecuniary interest and may be deemed to beneficially own shares held through several funds (F1–F5).
- Filing timeliness: Filing date provided is March 17, 2026 (covers trades March 13–17). No explicit late‑filing flag was included in the supplied data.
Context
- This is institutional selling by IFC (a 10% owner via funds it manages), not an executive or director trade. Institutional disposals can be driven by portfolio rebalancing or fund cash needs and do not necessarily indicate management sentiment.
- Footnotes indicate weighted‑average prices and that IFC can provide breakdowns of trades by price upon request; IFC also notes its status as an international organization with certain immunities (disclaimer of waiver).
Insider Transaction Report
Form 4
International Finance Corp
10% Owner
Transactions
- Sale
Common Stock
[F1][F4][F5]2026-03-13$4.85/sh−60,000$290,910→ 5,944,356 total(indirect: See footnote) - Sale
Common Stock
[F2][F4][F5]2026-03-16$4.94/sh−27,389$135,365→ 5,916,967 total(indirect: See footnote) - Sale
Common Stock
[F3][F4][F5]2026-03-17$5.31/sh−87,041$462,127→ 5,829,926 total(indirect: See footnote)
Holdings
- 3,271,862
Common Stock
Footnotes (5)
- [F1]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.
- [F2]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.
- [F3]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.
- [F4]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.
- [F5]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.
Signature
INTERNATIONAL FINANCE CORPORATION, Name: Mohamed Omer Eissa, Title: Portfolio Manager, on behalf of International Finance Corporation|2026-03-17