Steven J. Heilbron - Dec 31, 2022 Form 4 Insider Report for LESAKA TECHNOLOGIES INC (LSAK)

Role: Executive, Director
Signature: /s/ Steven J. Heilbron
Stock symbol: LSAK
Transactions as of: Dec 31, 2022
Transactions value $: $0
Form type: 4
Date filed: 1/4/2023, 03:10 PM
Previous filing: Jun 29, 2022
Next filing: Oct 27, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LSAK	Common Stock	Award	$0	+300K		$0.00	300K	Dec 31, 2022	Direct	F1
transaction	LSAK	Common Stock	Award	$0	+225K	+75%	$0.00	525K	Dec 31, 2022	Direct	F2

* 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. The shares vested in full on the grant date. The Reporting Person has undertaken to not sell or otherwise dispose of the shares until December 31, 2023.
F2	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. The shares vest on June 30, 2024, and vesting is subject to the Reporting Person's continuous employment with the Company or serving on the Issuer's board of directors through June 30, 2024. If the Reporting Person's employment is terminated by the Company without cause then the shares of restricted stock will continue to vest on June 30, 2024, notwithstanding the fact that the Reporting Person is no longer an employee of the Issuer. If the Reporting Person's employment is terminated for cause, then any unvested shares will be forfeited.

Content

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. The shares vested in full on the grant date. The Reporting Person has undertaken to not sell or otherwise dispose of the shares until December 31, 2023.

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. The shares vest on June 30, 2024, and vesting is subject to the Reporting Person's continuous employment with the Company or serving on the Issuer's board of directors through June 30, 2024. If the Reporting Person's employment is terminated by the Company without cause then the shares of restricted stock will continue to vest on June 30, 2024, notwithstanding the fact that the Reporting Person is no longer an employee of the Issuer. If the Reporting Person's employment is terminated for cause, then any unvested shares will be forfeited.