Lincoln C. Mali - Dec 1, 2022 Form 4 Insider Report for LESAKA TECHNOLOGIES INC (LSAK)

Signature
/s/ Lincoln C. Mali
Stock symbol
LSAK
Transactions as of
Dec 1, 2022
Transactions value $
$0
Form type
4
Date filed
12/5/2022, 03:06 PM
Previous filing
Nov 28, 2022
Next filing
Feb 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LSAK Common Stock Award $0 +77.7K +31.05% $0.00 328K Dec 1, 2022 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of restricted stock approved by the remuneration committee of the Issuer's board of directors pursuant to the Amended and Restated 2022 Stock Incentive Plan. Vesting is subject to the satisfaction of the following conditions: (1) the price of the Company's common stock is equal to or exceeds certain stock price levels during specific measurement periods from December 1, 2022, to December 1, 2025, and (2) the recipient is employed by the Company on a full-time basis when the condition in (1) is met. If both of these conditions are not satisfied, then none of the shares of restricted stock will vest and they will be forfeited.