Kaspi.kz Director Vyacheslav Kim Sells $9.38M in ADSs Under Rule 10b5-1 Plan

Executive Summary

On October 26, 2026, Joint Stock Co Kaspi.kz director Vyacheslav Kim reported open market sales of 102,801 American Depositary Shares (ADSs) across multiple tranches between October 22 and October 26, 2026. The sales grossed approximately $9.38 million at a weighted average price of $91.22 per share. The transactions were executed under a pre-established Rule 10b5-1 trading plan.

Transaction Breakdown

• Dates Executed: October 22, 2026 – October 26, 2026
• Total ADSs Disposed: 102,801
• Price Range: $89.53 to $93.30 per ADS across 10 reported tranches
• Aggregate Proceeds: ~$9,377,849
• Ownership Post-Transaction: 36,184,558 ADSs directly held

Context and Market Significance

While the total dollar volume exceeds $9.3M, the sale accounts for less than 0.3% of Vyacheslav Kim's post-transaction stake of over 36.18 million shares. Furthermore, the affirmative check on the Rule 10b5-1 indicator confirms that these trades were pre-scheduled rather than opportunistic reactions to short-term company performance, qualifying the overall trading significance as Medium.