Director Vyacheslav Kim of Joint Stock Co Kaspi.kz filed a Form 4 on October 29, 2026, disclosing six separate sales of American Depositary Shares conducted between October 27 and October 29, 2026, pursuant to a Rule 10b5-1 trading plan.

Key Highlights

  • Reporting person: Vyacheslav Kim, identified as a Director of Joint Stock Co Kaspi.kz (NASDAQ:KSPI).
  • Total ADS sold: 47,984 American Depositary Shares disposed of across six transactions on October 27-29, 2026.
  • Price range: Weighted average prices per transaction ranged from $90.69 to $94.49, with individual sale prices spanning $90.08 to $94.66 across all transactions.
  • Post-transaction ownership: Following all reported sales, Kim directly beneficially owned 36,136,574 Common Shares (each ADS representing one common share).
  • Rule 10b5-1 plan: The filing indicates all transactions were made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
  • Exemption noted: The filing states that, due to the issuer's status as a foreign private issuer under Rule 3a12-3(b), Kim's transactions are exempt from Sections 16(b) and 16(c) of the Securities Exchange Act of 1934.

Details of Vyacheslav Kim's October 2026 ADS Sales at Kaspi.kz

According to the filing, Vyacheslav Kim disposed of American Depositary Shares in six separate tranches over three trading days. On October 27, 2026, Kim sold 16,549 ADS at a weighted average price of $90.69, with individual transaction prices ranging from $90.08 to $91.02. Following that sale, his directly held beneficial ownership stood at 36,168,009 Common Shares, according to the filing.

On October 28, 2026, two additional sales were reported: 13,449 ADS at a weighted average of $91.40 (prices ranging from $90.906 to $91.89) and 515 ADS at a weighted average of $92.03 (prices ranging from $91.99 to $92.095), reducing his reported ownership to 36,154,045 Common Shares. The filing notes that each ADS represents one common share of the issuer.

On October 29, 2026, three further tranches were reported: 2,989 ADS at a weighted average of $92.67 (prices ranging from $92.06 to $93.06), 7,850 ADS at a weighted average of $93.79 (prices ranging from $93.11 to $94.095), and 6,632 ADS at a weighted average of $94.49 (prices ranging from $94.17 to $94.66). After the final transaction, Kim's directly held beneficial ownership was reported as 36,136,574 Common Shares. The filing was signed by Yuri Didenko as attorney-in-fact for Vyacheslav Kim.

What Was Disclosed

The Form 4 discloses six ADS sales by Director Vyacheslav Kim of Joint Stock Co Kaspi.kz between October 27 and October 29, 2026, totaling 47,984 ADS sold under a Rule 10b5-1 plan, with post-transaction direct ownership of 36,136,574 Common Shares.