Karooooo Ltd. ($KARO) CEO Calisto Isaias Jose sold 33,833 shares of the company's stock on August 5, 2026, in an open-market transaction valued at approximately $2.24 million. The shares were sold at an average price of $66.14 per share, according to a Form 4 filing submitted to the Securities and Exchange Commission on August 6, one day after the trade date.
The August 5 sale was the eighth consecutive open-market sale by Jose stretching back to July 27, covering every trading day in that window. Across the full series, Jose sold a total of 203,772 shares for approximately $13.15 million. Individual transactions ranged from 18,630 shares on July 30 to 33,833 shares on August 5, with per-share prices moving from $63.44 at the start of the sequence to $66.14 at the end.
Despite the string of disposals, Jose retained a commanding equity stake. Following the August 5 transaction, he reported ownership of 17,714,186 shares, held directly. That figure represents more than 98% of the position he held before the selling began on July 27, when he reported 17,892,045 shares.
Karooooo Ltd., headquartered in Singapore and listed on the Nasdaq, operates in the technology sector and provides a data analytics and mobility platform focused on fleet management and vehicle tracking. The company carried a market capitalization of approximately $1.99 billion at the time of the trades. Shares of $KARO closed at $65.91 on August 5, the day of the most recent sale, compared with $64.46 at the close on July 29, the earliest date for which pricing data was available within the trading window.
The Form 4 filings did not indicate that the sales were executed pursuant to a Rule 10b5-1 trading plan. Each transaction in the series was disclosed within one to two days of the trade date. The August 4 and August 5 sales were filed together on August 6, while earlier pairs in the sequence were filed on August 4, July 31, and July 29, respectively.
No other insiders at Karooooo filed Form 4s during this period, and a review of congressional disclosure records showed no trades in $KARO by members of Congress. The eight sales mark the only transactions reported by Jose in the database for $KARO, and no purchases by the insider were recorded.