Ali Mazanderani - 04 Dec 2023 Form 4 Insider Report for LESAKA TECHNOLOGIES INC (LSAK)

Role: Director
Signature: /s/ Ali Mazanderani
Issuer symbol: LSAK
Transactions as of: 04 Dec 2023
Net transactions value: $0
Form type: 4
Filing time: 06 Dec 2023, 09:00:29 UTC
Next filing: 13 Dec 2023
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LSAK	Employee stock option (right to buy)	Award	$0	+500,000		$0.000000	500,000	04 Dec 2023	Common stock	500,000	$3.50	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The stock options will vest on the first anniversary of the grant date, provided that the recipient provides continuous service on the Issuer's board of directors through February 1, 2024 and continuous service as Executive Chairman from February 1, 2024 through December 4, 2024. The stock options will vest immediately if the recipient's employment is terminated by the Issuer without cause on or before the first anniversary of the grant date. The stock options may only be exercised during a period commencing from January 31, 2028 to January 31, 2029.

Content

The stock options will vest on the first anniversary of the grant date, provided that the recipient provides continuous service on the Issuer's board of directors through February 1, 2024 and continuous service as Executive Chairman from February 1, 2024 through December 4, 2024. The stock options will vest immediately if the recipient's employment is terminated by the Issuer without cause on or before the first anniversary of the grant date. The stock options may only be exercised during a period commencing from January 31, 2028 to January 31, 2029.