Ali Mazanderani - 03 Jun 2024 Form 4 Insider Report for LESAKA TECHNOLOGIES INC (LSAK)

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

Type	Sym	Class	Transaction	Value $	Shares	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LSAK	Employee stock option (right to buy)	Award	$0	+1,000,000	$0.000000	1,000,000	03 Jun 2024	Common stock	1,000,000	$6.00	Direct	F1, F2
transaction	LSAK	Employee stock option (right to buy)	Award	$0	+1,000,000	$0.000000	1,000,000	03 Jun 2024	Common stock	1,000,000	$8.00	Direct	F1, F2
transaction	LSAK	Employee stock option (right to buy)	Award	$0	+1,000,000	$0.000000	1,000,000	03 Jun 2024	Common stock	1,000,000	$11.00	Direct	F1, F2
transaction	LSAK	Employee stock option (right to buy)	Award	$0	+1,000,000	$0.000000	1,000,000	03 Jun 2024	Common stock	1,000,000	$14.00	Direct	F1, F2

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

Id	Content
F1	The stock options were approved by the board of directors on December 4, 2023, subject to shareholder approval of the grant. Shareholders approved the grant on June 3, 2024.
F2	The stock options will vest on January 31, 2026, provided that the recipient provides continuous service as Executive Chairman through January 31, 2026. The stock options may only be exercised during a period commencing from January 31, 2028 to January 31, 2029.