Form 4 Filing for Vyacheslav Kim

On July 17 and July 20, 2026, Vyacheslav Kim, a director at Joint Stock Co Kaspi.kz, reported the sale of American Depositary Shares (ADS). The transactions involved the disposal of a total of 23674 ADSs. On July 17, 5223 ADSs were sold at a weighted average price of $86.351, followed by another sale of 8001 ADSs at a weighted average price of $87.458. On July 20, 7411 ADSs were sold at a weighted average price of $88.364, and an additional 3039 ADSs were sold at a weighted average price of $89.242. These sales resulted in a decrease in the post-transaction shares owned by Mr. Kim, bringing the total to 37,934,118 ADSs. All transactions were sales of American Depositary Shares representing common shares, and were conducted under a weighted average pricing structure with specific price ranges noted in the footnotes. The reporting person is exempt from Section 16(b) and 16(c) of the Act due to the issuer's status as a foreign private issuer.