D-MARKET Electronic Services & Trading has 14 Schedule 13D or 13G filings on record since 2025-07-30. 3 holders' latest filing reports 5% or more of ordinary shares, nominal value try 0.20 per share. Each figure below is the holder's own, as filed, with the filing linked.
Holders
| Holder | Percent | Shares | Latest | Event date |
|---|---|---|---|---|
| Joint Stock Company Kaspi.kz | 93.51% | 400,841,947 | SCHEDULE 13D/A, 2026-09-15 | 2026-09-14 |
| VR Advisory Services Ltd | 5.2% | 18,410,004 | SCHEDULE 13G, 2026-06-18 | 2026-06-17 |
| VR Global Partners, L.P. | 5% | 16,168,013 | SCHEDULE 13G, 2025-12-02 | 2025-12-01 |
| Turkcommerce B.V. | 0% | 0 | SCHEDULE 13G/A, 2026-02-25 | 2025-12-31 |
Purpose of Transaction (Item 4)
Joint Stock Company Kaspi.kz
The disclosure in Item 4 of the Schedule 13D, as amended, is hereby supplemented by adding the following: The information set forth in Item 3 of this Amendment No. 10 is incorporated by reference into this Item 4.Item 4 of the SCHEDULE 13D/A filed 2026-09-15
Timeline
| Filed | Holder | Percent | Filing |
|---|---|---|---|
| 2025-07-30 | Joint Stock Company Kaspi.kz | 66.35% | SCHEDULE 13D/A |
| 2025-11-13 | Joint Stock Company Kaspi.kz | 66.35% | SCHEDULE 13D/A |
| 2025-11-18 | Joint Stock Company Kaspi.kz | 69.46% | SCHEDULE 13D/A |
| 2025-12-02 | VR Global Partners, L.P. | 5% | SCHEDULE 13G |
| 2025-12-05 | Joint Stock Company Kaspi.kz | 72.57% | SCHEDULE 13D/A |
| 2025-12-29 | Joint Stock Company Kaspi.kz | 75.96% | SCHEDULE 13D/A |
| 2026-01-07 | Joint Stock Company Kaspi.kz | 85.17% | SCHEDULE 13D/A |
| 2026-02-17 | VR Advisory Services Ltd | 4.6% | SCHEDULE 13G |
| 2026-02-25 | Turkcommerce B.V. | 0% | SCHEDULE 13G/A |
| 2026-03-18 | Joint Stock Company Kaspi.kz | 85.66% | SCHEDULE 13D/A |
| 2026-06-10 | Joint Stock Company Kaspi.kz | 86.74% | SCHEDULE 13D/A |
| 2026-06-18 | VR Advisory Services Ltd | 5.2% | SCHEDULE 13G |
| 2026-09-10 | Joint Stock Company Kaspi.kz | 88.95% | SCHEDULE 13D/A |
| 2026-09-15 | Joint Stock Company Kaspi.kz | 93.51% | SCHEDULE 13D/A |
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Where this comes from
Anyone who comes to own more than 5% of a class of a listed company's voting shares has to tell the SEC. A holder who may seek to change or influence the company files Schedule 13D, and has to say in Item 4, "Purpose of Transaction", what it intends to do. A holder with no such intent, such as many index and passive funds, may file the shorter Schedule 13G. Both are amended when the stake changes, including when it falls below 5%.
Every row here is one of those filings, linked to the filing itself. Percentages and share counts are exactly as the holder filed them, for the holder the filing names; an amendment showing a lower figure is shown as filed. Item 4 text is quoted word for word. Where a 13D's Item 4 contains a sentence stating a definite intent to influence the company, that sentence is marked and quoted; the page does not describe the holder or its motives beyond the words it filed. Nothing here is investment advice.