International Finance Corp 4
4 · LESAKA TECHNOLOGIES INC · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Lesaka Technologies (LSAK) 10% Owner IFC Sells 61,398 Shares
What Happened
- International Finance Corp (IFC), identified as a 10% owner, sold a total of 61,398 shares of Lesaka Technologies (LSAK) in open-market sales across three dates. The trades were:
- Mar 31, 2026: 32,807 shares at $5.02 each — $164,642
- Apr 01, 2026: 18,663 shares at $4.97 each — $92,802
- Apr 02, 2026: 9,928 shares at $4.99 each — $49,585
- Total proceeds across the three transactions were approximately $307,029. These were sales (liquidity events), not purchases.
Key Details
- Transaction dates & prices: Mar 31 ($5.02), Apr 1 ($4.97), Apr 2 ($4.99). Footnotes report weighted-average price ranges for each date (Mar 31: $4.90–$5.08; Apr 1: $4.91–$5.00; Apr 2: $4.90–$5.02).
- Shares owned after transaction: Not disclosed in the Form 4 filing.
- Actor/fund: Sales reported as conducted by ALAC (IFC African, Latin American and Caribbean Fund, LP), a fund managed by IFC; footnotes indicate IFC may be deemed to indirectly own shares through several funds.
- Beneficial ownership & immunity: IFC disclaims beneficial ownership except to the extent of any pecuniary interest and notes it enjoys certain immunities as an international organization (per filing remarks).
- Filing timing: Form 4 filed Apr 2, 2026 (covers transactions Mar 31–Apr 2) — appears to be filed in the normal timeframe for Section 16 reporting.
Context
- This report involves an institutional 10% owner selling shares through a fund (ALAC), not an individual executive. Institutional sales can reflect portfolio management or fund-level liquidity and should not be read as an executive sentiment signal.
- Footnotes state IFC will provide, upon request, a full breakdown of numbers of shares sold at each separate price. The filing also expressly disclaims, for Section 16 purposes, beneficial ownership except for any pecuniary interest.
Insider Transaction Report
Form 4
International Finance Corp
10% Owner
Transactions
- Sale
Common Stock
[F3][F4][F5]2026-04-02$4.99/sh−9,928$49,585→ 5,659,218 total(indirect: See footnote) - Sale
Common Stock
[F1][F4][F5]2026-03-31$5.02/sh−32,807$164,642→ 5,687,809 total(indirect: See footnote) - Sale
Common Stock
[F2][F4][F5]2026-04-01$4.97/sh−18,663$92,802→ 5,669,146 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 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.
- [F2]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.
- [F3]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.
- [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|2026-04-02