Joint Stock Co Kaspi.kz Director Vyacheslav Kim Sells $14.0M in ADSs Under Rule 10b5-1 Plan

Insider Transaction Overview

• Reporting Owner: Kim Vyacheslav
• Role: Director
• Issuer: Joint Stock Co Kaspi.kz (KSPI)
• Transaction Window: September 10, 2026 – September 14, 2026
• Filing Date: September 14, 2026

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Transaction Details

Vyacheslav Kim disposed of an aggregate of 142,813 American Depositary Shares (ADSs) across eight separate transactions between September 10 and September 14, 2026, generating approximately $14.05 million in gross proceeds.

• September 10, 2026:
  • 36,984 ADSs @ weighted average of $97.32 ($3,599,282.88)
  • 35,004 ADSs @ weighted average of $98.25 ($3,439,143.00)
• September 11, 2026:
  • 25,437 ADSs @ weighted average of $97.70 ($2,485,194.90)
  • 6,821 ADSs @ weighted average of $98.63 ($672,755.23)
  • 5,695 ADSs @ weighted average of $99.67 ($567,620.65)
• September 14, 2026:
  • 9,740 ADSs @ weighted average of $99.10 ($965,234.00)
  • 17,729 ADSs @ weighted average of $100.11 ($1,774,849.19)
  • 5,403 ADSs @ weighted average of $100.63 ($543,603.89)

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Holding and Context

• Ownership Post-Transaction: Following the transactions, Vyacheslav Kim continues to directly hold 36,830,982 ADSs / Common Shares, representing a major equity stake in the company.
• Pre-Planned Trades: The sales were executed pursuant to a pre-arranged Rule 10b5-1 trading plan indicated on the filing.
• Significance: While the total transaction dollar amount ($14.05M) is substantial, it constitutes less than 0.4% of the insider's overall direct holdings.