Kim Vyacheslav 4
4 · Joint Stock Co Kaspi.kz · Filed Jul 29, 2026
Research Summary
AI-generated summary of this filing
Kaspi.kz (KSPI) Director Kim Vyacheslav Sells ADSs
What Happened
- Kim Vyacheslav, a director of Joint Stock Co Kaspi.kz (KSPI), disposed of a total of 34,444 American Depositary Shares (ADSs) in open-market/ private sales reported as derivative transactions. The sales occurred July 27–28, 2026, and generated aggregate proceeds of approximately $2.98 million.
- Individual transactions reported: 16,705 ADSs at a weighted average $86.55 ($1,445,851); 785 ADSs at $87.27 ($68,504); 4,792 ADSs at $85.97 ($411,987); and 12,162 ADSs at $86.66 ($1,053,995). All transactions are coded “S” (sale/disposition).
Key Details
- Transaction dates: July 27 and July 28, 2026. Filing date: July 29, 2026 (appears timely under Form 4 rules).
- Total sold: 34,444 ADSs for total proceeds of ~$2,980,337.
- ADS detail: F1 notes each ADS represents one common share. F2–F5 disclose that reported prices are weighted averages and the individual trades occurred across the listed price ranges; the filer will provide per-price breakdowns on request.
- Transaction type: Reported as “Derivative” disposals (the Form 4 labels these as derivative transactions rather than direct open-market sales of previously held common stock).
- Regulatory note: Kaspi.kz is a foreign private issuer; the filing states these transactions are exempt from Sections 16(b) and 16(c) of the Exchange Act.
Context
- These were sales (S) — sales by insiders are common and do not, by themselves, indicate management’s view of the company’s prospects. The filing is informational; no 10b5-1 plan, tax withholding, or post-transaction holdings were disclosed in the provided excerpt.
Insider Transaction Report
Form 4
Kim Vyacheslav
Director
Transactions
- Sale
American Depositary Shares, no par value
[F1][F2]2026-07-27$86.55/sh−16,705$1,445,851→ 37,860,533 total→ Common Shares, no par value - Sale
American Depositary Shares, no par value
[F1][F3]2026-07-27$87.27/sh−785$68,504→ 37,859,748 total→ Common Shares, no par value - Sale
American Depositary Shares, no par value
[F1][F4]2026-07-28$85.97/sh−4,792$411,987→ 37,854,956 total→ Common Shares, no par value - Sale
American Depositary Shares, no par value
[F1][F5]2026-07-28$86.66/sh−12,162$1,053,995→ 37,842,794 total→ Common Shares, no par value
Footnotes (5)
- [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 $86.16 to $87.15, 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 $87.165 to $87.33, 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 $85.365 to $86.34, 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 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 $86.37 to $87.07, 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.
Signature
/s/ Yuri Didenko, as attorney-in-fact for Vyacheslav Kim|2026-07-29