Kim Vyacheslav 4

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.