Company Analysis

Joint Stock Company Kaspi.kz American Depository Shares (KSPI)

Nasdaq: KSPI · Services-Business Services, NEC · Almaty, KZ · filing with the SEC since 2023
Grade7.2
◀ Past 7.8● Present 7.3▶ Future 6.7
1 est.

Who owns Joint Stock Company Kaspi.kz American Depository Shares

As filed with the SEC
Holders of 5% or more
2
Vyacheslav Kim holds 20% of Common Shares, no par value American Depositary Shares, each representing one Common Share, no par value, as its SCHEDULE 13G/A filed Aug 14, 2026 says.
Directors and officers
9
report now, of 9 people on the record since 2026. Their holdings as a group are not read here.
Institutions as a whole
n/a
The record does not read the share held by managers that file Form 13F, so none is printed and no split of the rest is estimated. What it holds is the 2 named at left.
Holders of 5% or moreshare of the class, as filed
Vyacheslav Kim
SCHEDULE 13G/A · filed Aug 14, 2026 · Common Shares, no par value American Depositary Shares, each representing one Common Share, no par value · 21.3% in Aug 12, 2025
20%
European Investors Limited
SCHEDULE 13G · filed Apr 24, 2025 · American depositary shares, no par value, each representing one common share of the Issuer, no par value ("ADSs")
6.5%
Asia Equity Partners Limited
SCHEDULE 13G/A · filed Aug 13, 2026 · American depositary shares, no par value, each representing one common share of the Issuer, no par value ("ADSs") · reported falling below 5%, from 7.3% in Feb 13, 2026
under 5%
What KSPI reports owning in othersstakes of 5% or more, and other ties
D-Market Electronic Services & Trading HEPS
SCHEDULE 13D/A · filed Sep 15, 2026 · Ordinary Shares, nominal value TRY 0.20 per share
93.5%
Other ties the annual report names
Hepsiburada
An entity · subsidiary · owns, named in the 20-F filed Mar 16, 2026
Parents Company
An entity · structured entity · owns, named in the 20-F filed Mar 16, 2026

28 subsidiaries in 7 countries, from the list filed with the 20-F filed Mar 16, 2026.

Insider tradesForm 4
0sales
0purchases
0sales on a scheduled plan
0people selling
$0sold, in dollars
$0bought, in dollars
Open-market trades on Form 4 from Nov 12, 2025 to Nov 12, 2026. A scheduled plan is a selling program set in advance under SEC rule 10b5-1. The trades are listed as filed and do not feed the grade.
By calendar yearSoldBought
No open-market trade is on the record for these years.
Dollars as filed, summed by the transaction date.
People who traded in the window
No one on the roster filed an open-market trade in the window.
SI Assistanton KSPI · research, not advice