International Finance Corp 4
4 · LESAKA TECHNOLOGIES INC · Filed Mar 25, 2026
Research Summary
AI-generated summary of this filing
Lesaka Technologies (LSAK) — International Finance Corp Sells 29,445 Shares
What Happened
- International Finance Corp (IFC), listed as a 10% owner, sold a total of 29,445 shares of Lesaka Technologies (LSAK) in three open-market/private sales between March 23 and March 25, 2026. The amounts were: 2,162 shares @ $5.03 (≈ $10,885) on 3/23; 16,179 shares @ $5.02 (≈ $81,248) on 3/24; and 11,104 shares @ $5.04 (≈ $55,969) on 3/25, for aggregate proceeds of about $148,102. These were sales (not purchases), which are often routine portfolio transactions for institutional holders.
Key Details
- Transaction dates & reported weighted-average prices:
- 2026-03-23: 2,162 shares, weighted avg $5.03 (day range reported $5.00–$5.15) [F1]
- 2026-03-24: 16,179 shares, weighted avg $5.02 (day range reported $5.00–$5.11) [F2]
- 2026-03-25: 11,104 shares, weighted avg $5.04 (day range reported $5.00–$5.11) [F3]
- Total shares sold: 29,445; total proceeds reported: ~$148,102.
- Shares owned after the transaction: not disclosed in the provided excerpt of the filing.
- Notable footnotes:
- Sales were by ALAC (IFC African, Latin American and Caribbean Fund, LP) and prices reported as weighted averages with per-day ranges; IFC offers to provide per-price breakdown to the SEC/issuer/shareholders on request [F1–F3].
- IFC may be deemed to have indirect interests through multiple funds it manages [F4], but disclaims beneficial ownership except to the extent of any pecuniary interest [F5].
- Filing includes a remark that IFC is an international organization and asserts certain immunities and privileges.
- Filing/Timeliness: Report filed 2026-03-25 (covering trades from 3/23–3/25); appears filed within the usual two-business-day Form 4 window.
Context
- This activity is institutional (IFC and its ALAC fund) rather than insider executive trading; such sales commonly reflect portfolio management or fund rebalancing and are not direct statements about company fundamentals. The filing’s footnotes clarify how the shares are held and that IFC disclaims beneficial ownership beyond pecuniary interest.
Insider Transaction Report
Form 4
International Finance Corp
10% Owner
Transactions
- Sale
Common Stock
[F1][F4][F5]2026-03-23$5.03/sh−2,162$10,885→ 5,788,338 total(indirect: See footnote) - Sale
Common Stock
[F2][F4][F5]2026-03-24$5.02/sh−16,179$81,248→ 5,772,159 total(indirect: See footnote) - Sale
Common Stock
[F3][F4][F5]2026-03-25$5.04/sh−11,104$55,969→ 5,761,055 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 23, 2026, ranging from a low of $5.00 to a high of $5.15. 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 24, 2026, ranging from a low of $5.00 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 25, 2026, ranging from a low of $5.00 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.
- [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
/s/ MOHAMED OMER EISSA, Name: Mohamed Omer Eissa, Title: Portfolio Manager, on behalf of International Finance Corporation|2026-03-25