International Finance Corp 4
4 · LESAKA TECHNOLOGIES INC · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Lesaka Technologies (LSAK) - International Finance Corp Sells 36,991 Shares
What Happened International Finance Corp (IFC), reported as a 10% owner of Lesaka Technologies, sold a total of 36,991 shares of common stock in two open-market transactions. On 2026-03-06 IFC (through its ALAC fund) sold 9,224 shares at a weighted average price of $4.64 (≈ $42,795). On 2026-03-09 IFC sold 27,767 shares at a weighted average price of $4.56 (≈ $126,687). Combined proceeds were about $169,482. These were sales (not purchases), which are generally routine for institutional holders.
Key Details
- Transactions: Sales (Code S) on 2026-03-06 and 2026-03-09.
- 2026-03-06: 9,224 shares, weighted avg $4.64 (range $4.60–$4.69) — $42,795 (F1).
- 2026-03-09: 27,767 shares, weighted avg $4.56 (range $4.505–$4.64) — $126,687 (F2).
- Total sold: 36,991 shares for ~ $169,482.
- Shares owned after transactions: 6,072,953 shares (corrected total per footnote F3).
- Reporting status: Form filed 2026-03-10 covering trades on 3/6 and 3/9; appears to be filed within the usual reporting window.
- Notable footnotes:
- Sales reported as coming from ALAC, a fund managed by IFC; IFC can provide price breakdowns on request (F1, F2).
- IFC may be deemed to beneficially own shares held indirectly through multiple funds but disclaims beneficial ownership except for pecuniary interest (F4, F5).
- The filing corrects a prior Form 4 share total (F3) and includes IFC’s standard remark about its international-organization immunities.
Context
- This is institutional selling by a 10% holder (IFC) via its fund(s), not an insider executive trade; such sales may reflect portfolio management rather than a company-specific view.
- No option exercises, grants, or purchases were reported in this filing — only open-market sales.
Insider Transaction Report
Form 4
International Finance Corp
10% Owner
Transactions
- Sale
Common Stock
[F1][F3][F4][F5]2026-03-06$4.64/sh−9,224$42,795→ 6,063,729 total(indirect: See footnote) - Sale
Common Stock
[F2][F4][F5]2026-03-09$4.56/sh−27,767$126,687→ 6,035,962 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 6, 2026, ranging from a low of $4.60 to a high of $4.69. 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 9, 2026, ranging from a low of $4.5050 to a high of $4.64. 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]The Form 4 filed on March 6, 2026 incorrectly reported the total shares of Common Stock subsequently held by the Reporting Person as 6,034,293 shares instead of the correct amount of 6,072,953 shares.
- [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|2026-03-10