Isaias Jose Calisto, CEO of Karooooo Ltd. ($KARO), sold 20,417 shares on August 3, 2026, at an average price of $64.51, netting $1,317,103. The transaction was disclosed the next day in a Form 4 filing with the SEC.
That sale was the last of six consecutive open market disposals beginning July 27. Over those six sessions, Calisto sold 144,345 shares, generating approximately $9.26 million. Execution prices stayed within a narrow band, from $63.44 on July 27 to $64.65 on July 31. $KARO closed at $64.55 on August 3, the day of the final sale.
After the August 3 trade, Calisto directly held 17,773,613 shares, down slightly from his pre-streak total of 17,917,958. The six sales trimmed his stake by about 0.8 percent, leaving him with the vast majority of his position.
The full sequence of transactions unfolded as follows:
- July 27: 25,913 shares sold at $63.44 per share, for a total of $1,643,877
- July 28: 22,036 shares sold at $64.19 per share, for a total of $1,414,442
- July 29: 31,897 shares sold at $64.43 per share, for a total of $2,055,210
- July 30: 18,630 shares sold at $63.47 per share, for a total of $1,182,457
- July 31: 25,452 shares sold at $64.65 per share, for a total of $1,645,462
- August 3: 20,417 shares sold at $64.51 per share, for a total of $1,317,103
The trades were disclosed in three Form 4 filings. The July 27 and 28 sales were reported together on July 29. The July 29 and 30 transactions were filed on July 31. The July 31 and August 3 sales both appeared in the August 4 filing; that gave the July 31 sale a four-day disclosure delay, while the August 3 trade was reported the next day.
No other Karooooo executives or directors reported open market sales during the stretch. A review of filings found no prior Form 4 submissions for open market transactions by Calisto in $KARO stock. A search of congressional records under the STOCK Act returned no results for $KARO.
Based in Singapore, Karooooo runs a mobility SaaS platform serving Africa, Southeast Asia, and other regions. The company is listed on Nasdaq under the ticker $KARO, in the technology sector.