Herman Kotze

Herman Kotze is a declared insider of Lesaka Technologies Inc, with filings sourced from SEC (Form 4). Over a trading history stretching from 25 May 2006 to 30 September 2020, the count stands at 37 filings.

In open-market terms, that means 3 purchases worth €117k on one side and 4 sales worth €8.1M on the other. On balance, insiders were net sellers of €8.0M. A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant. The rest of the record consists of 15 share grants and 11 option exercises.

A typical purchase (the median) is worth €40k. 2 out of 3 purchases came within 30 days of a purchase by at least one other insider of the same company. When several insiders buy within a few weeks of each other, analysts speak of a cluster purchase. For 3 purchases whose 90-day window has closed, the share price was higher on day 90 than the day after publication in 67% of cases, with a median move of +1.8%. Past outcomes like these are no guarantee of what comes next.

The latest filing, published on 1 October 2020, reports a transaction in Lesaka Technologies Inc. The latest purchase dates back some time: it was published 2,972 days ago, on 20 September 2018. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 2 days. The legal deadline for a Form 4 is two business days after the transaction. Sales are harder to read than purchases, since they often meet personal needs such as tax or diversification. Source: insider filings from SEC (Form 4). Past trades are no guide to future returns.