Karooooo CEO Disposes 31,279 Shares for $2.0 Million
Calisto maintains dominant control with 17.7 million shares valued at $1.1 billion, signaling confidence despite liquidity event.
Overview
Jose Isaias Calisto, CEO and Executive Chairman of Karooooo Ltd. (NASDAQ:KARO), disposed of 31,279 shares of common stock in transactions executed on August 6, 2026, and August 7, 2026, according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($63.76); post-transaction value based on August 7, 2026 market close ($64.81).
Details
Karooooo Ltd. is a Singapore-headquartered SaaS provider specializing in connected vehicle technology and fleet management solutions, with a TTM revenue base of $5.8 billion and a global footprint spanning six major geographic regions. The company maintains a net profit margin of approximately 17.2% on TTM revenues, demonstrating operational efficiency and profitability in its core SaaS business model. With 7,395 employees and a market capitalization of $2.0 billion, Karooooo has established itself as a significant player in the vehicle telematics and fleet management software sector, supported by strong year-over-year performance with a one-year stock price appreciation of 40.04%.
Source
Originally published at www.fool.com.