Kim Vyacheslav 4
4 · Joint Stock Co Kaspi.kz · Filed Jul 23, 2026
Research Summary
AI-generated summary of this filing
Kaspi.kz (KSPI) Director Vyacheslav Kim Sells ADS
What Happened
- Director Vyacheslav Kim disposed of a total of 19,138 American Depositary Shares (ADSs) of Joint Stock Co Kaspi.kz in open-market sales on July 21–22, 2026, generating aggregate proceeds of approximately $1,677,646. Individual reported sales: 6,380 ADSs at $88.39 ($563,909); 368 ADSs at $88.93 ($32,727); 9,371 ADSs at $87.03 ($815,568); 2,439 ADSs at $87.72 ($213,954); and 580 ADSs at $88.77 ($51,488). The Form 4 lists these as derivative disposals; footnote F1 clarifies each ADS represents one common share.
Key Details
- Dates & prices: Sales occurred 2026-07-21 and 2026-07-22; reported weighted-average prices per line as shown above. Footnotes indicate the ADSs were sold in multiple transactions with prices across the overall range of about $86.51 to $89.07.
- Total: 19,138 ADSs sold for ~$1.68M in aggregate.
- Shares owned after transaction: Not specified in the summary provided (check the full Form 4 for the "amount beneficially owned following reported transaction" field).
- Footnotes: Weighted-average prices reported; the filer offers to provide detailed per-transaction price breakdowns on request (per the footnotes). F1 notes 1 ADS = 1 common share.
- Timeliness: Form filed 2026-07-23 reporting transactions on 7/21–7/22; this appears to be a timely Form 4 filing under standard reporting rules.
Context
- These were outright sales of ADSs (not option exercises or awards). Sales are often routine and do not, by themselves, indicate management views on long-term company prospects. For full detail, retail investors should review the complete Form 4 (accession 0001193125-26-314785) for any additional holdings or related disclosures.
Insider Transaction Report
Form 4
Kim Vyacheslav
Director
Transactions
- Sale
American Depositary Shares, no par value
[F1][F2]2026-07-21$88.39/sh−6,380$563,909→ 37,927,738 total→ Common Shares, no par value - Sale
American Depositary Shares, no par value
[F1][F3]2026-07-21$88.93/sh−368$32,727→ 37,927,370 total→ Common Shares, no par value - Sale
American Depositary Shares, no par value
[F1][F4]2026-07-22$87.03/sh−9,371$815,568→ 37,917,999 total→ Common Shares, no par value - Sale
American Depositary Shares, no par value
[F1][F5]2026-07-22$87.72/sh−2,439$213,954→ 37,915,560 total→ Common Shares, no par value - Sale
American Depositary Shares, no par value
[F1][F6]2026-07-22$88.77/sh−580$51,488→ 37,914,980 total→ Common Shares, no par value
Footnotes (6)
- [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 sold in multiple transactions at prices ranging from $87.705 to $88.69, 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 sold 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 sold in multiple transactions at prices ranging from $88.81 to $89.07, 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 sold 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 sold in multiple transactions at prices ranging from $86.51 to $87.46, 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 sold at each separate price within the range set forth in this footnote.
- [F5]The price reported in Column 8 is a weighted average price. These ADSs were sold in multiple transactions at prices ranging from $87.52 to $87.905, 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 sold at each separate price within the range set forth in this footnote.
- [F6]The price reported in Column 8 is a weighted average price. These ADSs were sold in multiple transactions at prices ranging from $88.59 to $88.94, 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 sold at each separate price within the range set forth in this footnote.
Signature
/s/ Yuri Didenko, as attorney-in-fact for Vyacheslav Kim|2026-07-23