Form 4 Filing for Kim Vyacheslav

This filing details the transactions of Kim Vyacheslav, a director at Joint Stock Co Kaspi.kz, in American Depositary Shares (ADS) on July 21 and July 22, 2026. The transactions involved the disposal of a total of 18,738 ADSs. On July 21, 6,380 ADSs were sold at a weighted average price of $88.387, and 368 ADSs were sold at a weighted average price of $88.931. On July 22, 9,371 ADSs were sold at a weighted average price of $87.031, 2,439 ADSs were sold at a weighted average price of $87.722, and 580 ADSs were sold at a weighted average price of $88.772. Following these transactions, the post-transaction number of ADSs owned by Kim Vyacheslav is 37,914,980. These transactions are exempt from Sections 16(b) and 16(c) of the Act due to the issuer's status as a foreign private issuer.