LESAKA TECHNOLOGIES INC — Director's Dealing 2021

Nov 15, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NET 1 UEPS TECHNOLOGIES INC (UEPS)
CIK: 0001041514
Period of Report: 2021-11-11

Reporting Person: Meyer Christopher G.B. (Director, Group Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-11	Common Stock	P	3514	$5.68	Acquired	3514	Indirect
2021-11-11	Common Stock	A	4735	—	Acquired	239343	Direct
2021-11-11	Common Stock	A	2213	—	Acquired	241556	Direct
2021-11-12	Common Stock	P	4000	$5.40	Acquired	7514	Indirect
2021-11-12	Common Stock	A	5118	—	Acquired	246674	Direct
2021-11-12	Common Stock	A	2033	—	Acquired	248707	Direct

Footnotes

F1: A trust, settled by a relative of the reporting person and of which the reporting person is a discretionary beneficiary, acquired the common stock. The trust beneficially owns the common stock. The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.

F2: Represents a grant of restricted stock approved by the remuneration committee of the Issuer's board of directors in accordance with Mr. Meyer???s June 30, 2021, employment agreement and pursuant to the Amended and Restated 2015 Stock Incentive Plan. The Issuer has agreed to match The reporting person???s purchase of shares of our common stock up to an amount of $1.0 million (Matching Arrangement). Under the terms of the Matching Arrangement, the Issuer granted these shares of restricted stock to the reporting person following this purchase, and the awards vest ratably over a period of three years commencing on the first anniversary of the grant of the award and are also subject to The reporting person???s employment with the Company on a full-time basis on the applicable vesting date. If both of these conditions are not satisfied, then none of the shares of restricted stock will vest and they will be forfeited.

F3: Pursuant to the terms of the Matching Arrangement, the reporting person elected to receive these shares of the Issuers shares of common stock following his purchase. The shares vested on the date of grant.