Kaspi.kz Director Vyacheslav Kim Sells $4.42M in ADSs Under Rule 10b5-1 Plan

Insider Transaction Overview

On October 27–29, 2026, Vyacheslav Kim, a Director of Joint Stock Co Kaspi.kz ($KSPI), sold a total of 47,984 American Depositary Shares (ADSs) across six tranches for aggregate gross proceeds of approximately $4.42 million.

Key Transaction Highlights

• Security: American Depositary Shares (each representing one common share)
• Execution Dates: October 27 to October 29, 2026
• Weighted Average Price: ~$92.06 per ADS (ranging from $90.69 to $94.49 per share)
• Total Consideration: $4,417,362.67
• Trading Plan: Executed pursuant to a pre-established Rule 10b5-1 trading plan.

Context and Holding Impact

• Retained Stake: Following the sales, Kim directly holds 36,136,574 ADSs.
• Significance: Although the dollar value of the disposition is substantial ($4.42M), the transaction represents roughly 0.13% of Kim's overall position in Kaspi.kz, indicating minimal dilution of his long-term alignment with the company.