Smith Daniel Luke bought LSAK
November 5, 2024 · Form 4 insider transaction
Smith Daniel Luke bought 120,000 shares of Lesaka Technologies, Inc. at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 1 day after the transaction.
Footnotes
Represents a grant of restricted stock approved by the remuneration committee of the Issuer's board of directors pursuant to the Amended and Restated 2022 Stock Incentive Plan. Vesting is subject to the satisfaction of the following conditions: (1) the price of the Company's common stock is equal to or exceeds certain stock price levels during specific measurement periods from September 30, 2024, to September 30, 2027, and (2) the recipient is employed by the Company on a full-time basis on September 30, 2027. If both of these conditions are not satisfied, then none of the shares of restricted stock will vest and they will be forfeited.