Lincoln C. Mali - 28 Nov 2022 Form 4 Insider Report for LESAKA TECHNOLOGIES INC (LSAK)

Role: CEO: Southern Africa, Director
Signature: /s/ Lincoln C. Mali
Issuer symbol: LSAK
Transactions as of: 28 Nov 2022
Net transactions value: -$326,400
Form type: 4
Filing time: 28 Nov 2022, 15:07:02 UTC
Previous filing: 15 Dec 2021
Next filing: 05 Dec 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LSAK	Common Stock	Sale	$326,400	-80,000	-24%	$4.08	250,286	23 Nov 2022	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Reporting Person sold 80,000 shares of Issuer's common stock in order to repay outstanding principal and interest related to borrowings obtained in 2021 to acquire shares of Issuer's common stock and to recoup income taxes incurred upon vesting of shares of Issuer's restricted stock awarded to the Reporting Person, which were previously withheld and paid to the relevant tax authority by the Reporting Person's South African employer on the Reporting Person's behalf.
F2	The underlying transactions are denominated in South African rand ("ZAR") and were executed on the JSE Limited. The amount reported in United States dollars is based on the transaction price of ZAR 70.00 per share and the exchange rate of $1:ZAR 17.1385 in effect on the date of the transaction.

Content

The Reporting Person sold 80,000 shares of Issuer's common stock in order to repay outstanding principal and interest related to borrowings obtained in 2021 to acquire shares of Issuer's common stock and to recoup income taxes incurred upon vesting of shares of Issuer's restricted stock awarded to the Reporting Person, which were previously withheld and paid to the relevant tax authority by the Reporting Person's South African employer on the Reporting Person's behalf.

The underlying transactions are denominated in South African rand ("ZAR") and were executed on the JSE Limited. The amount reported in United States dollars is based on the transaction price of ZAR 70.00 per share and the exchange rate of $1:ZAR 17.1385 in effect on the date of the transaction.