Kim Vyacheslav 4
4 · Joint Stock Co Kaspi.kz · Filed Mar 27, 2026
Research Summary
AI-generated summary of this filing
Kaspi.kz (KSPI) Director Kim Vyacheslav Buys 33,018 ADSs
What Happened
Kim Vyacheslav, a director of Joint Stock Co Kaspi.kz (KSPI), made open‑market acquisitions of American Depositary Shares (ADSs) on March 25–26, 2026. Transactions reported: 21,572 ADSs at a weighted average $75.70 ($1,632,979), 3,562 ADSs at $76.12 ($271,132), and 7,884 ADSs at $75.12 ($592,247), totaling 33,018 ADSs for about $2.50 million. These are purchases (acquisitions), which retail investors often view as a more informative signal than routine sales.
Key Details
- Dates and reported prices:
- 2026-03-25: 21,572 ADSs @ $75.70 = $1,632,979 (weighted average; price range per footnote F2: $75.00–$76.00)
- 2026-03-25: 3,562 ADSs @ $76.12 = $271,132 (weighted average; price range per footnote F3: $76.01–$76.34)
- 2026-03-26: 7,884 ADSs @ $75.12 = $592,247 (weighted average; price range per footnote F4: $75.00–$75.535)
- Total acquired: 33,018 ADSs for approximately $2,496,358.
- Shares owned after transaction: Not disclosed in the Form 4 filing.
- Footnotes: Each ADS represents one common share (F1). Reported prices are weighted averages across multiple trades; the filer can provide a breakdown of quantities at each individual price on request (F2–F4).
- Timeliness and filing: Form 4 was filed on 2026-03-27 covering trades on Mar 25–26; no late filing indicator was shown.
- Regulatory note: Because Kaspi.kz is a foreign private issuer (Rule 3a12-3(b)), these transactions are exempt from Sections 16(b) and 16(c) of the Exchange Act (per the filing remarks).
Context
These entries are acquisitions of ADSs (each ADS = one common share). The filing lists the transactions as derivative-type acquisitions in the report format, but the substance reported is open‑market purchases of ADSs at the prices/ranges noted. The weighted‑average prices reflect multiple trades; see footnotes for the price ranges. As always, purchases by insiders are factual signals of buying activity but do not by themselves explain motivation.
Insider Transaction Report
- Sale
American Depositary Shares, no par value
[F1][F2]2026-03-25$75.70/sh+21,572$1,632,979→ 39,435,693 total→ Common shares, without nominal value - Sale
American Depositary Shares, no par value
[F1][F3]2026-03-25$76.12/sh+3,562$271,132→ 39,432,131 total→ Common shares, without nominal value - Sale
American Depositary Shares, no par value
[F1][F4]2026-03-26$75.12/sh+7,884$592,247→ 39,424,247 total→ Common shares, without nominal value
Footnotes (4)
- [F1]Each American Depositary Share (ADS) represents one common share of the issuer.
- [F2]The price reported in Column 8 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $75.00 to $76.00, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the U.S. Securities and Exchange Commission ("SEC"), upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- [F3]The price reported in Column 8 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $76.01 to $76.34 inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
- [F4]The price reported in Column 8 is a weighted average price. These ADSs were purchased in multiple transactions at prices ranging from $75.00 to $75.535, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.