The sale reduces the CEO’s direct holdings by 0.28% while retaining a substantial stake of 17.8 million shares.
Karooooo Ltd. (NASDAQ:KARO) CEO Jose Isaias Calisto sold 50,527 shares on July 29 and 30, 2026, for a total of $3.2 million. The transactions were executed at a weighted average price of $64.08, slightly above the $64.03 closing price on July 30, 2026.
The sale represents a 0.28% reduction in Calisto’s direct holdings, which remain at 17,819,482 shares. Karooooo, a SaaS platform for connected vehicles, reported $5.8 billion in trailing twelve-month revenue, serving markets across Africa, Europe, and Asia-Pacific.
No immediate market reaction was disclosed following the filing.