# EDGAR Filing Document

**Accession Number:** 0001828102
**File Stem:** 0001999371-26-003642
**Filing Date:** 2026-2
**Character Count:** 11617
**Document Hash:** 8fdf49622b3d1c582ab5427d83d7618f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001999371-26-003642.hdr.sgml**: 20260218

**ACCESSION NUMBER**: 0001999371-26-003642

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260218

**DATE AS OF CHANGE**: 20260218

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Karooooo Ltd.
- **CENTRAL INDEX KEY:** 0001828102
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 000000000
- **STATE OF INCORPORATION:** U0
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-92497
- **FILM NUMBER:** 26650489

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 363 SMITH STREET
- **STREET 2:** #05-303
- **CITY:** NEW BRIDGE CENTRE
- **PROVINCE COUNTRY:** U0
- **BUSINESS PHONE:** 65 6255 4151

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 363 SMITH STREET
- **STREET 2:** #05-303
- **CITY:** NEW BRIDGE CENTRE
- **PROVINCE COUNTRY:** U0

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Karooooo Pte. Ltd.
- **DATE OF NAME CHANGE:** 20201116

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Karoo Pte. Ltd.
- **DATE OF NAME CHANGE:** 20201013
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GOBI CAPITAL LLC
- **CENTRAL INDEX KEY:** 0001698060

**ORGANIZATION NAME:**
- **EIN:** 270710158
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A

**BUSINESS ADDRESS:**
- **STREET 1:** 8820 WILSHIRE BOULEVARD
- **STREET 2:** SUITE 320
- **CITY:** BEVERLY HILLS
- **STATE:** CA
- **ZIP:** 90211
- **BUSINESS PHONE:** 415-288-7288

**MAIL ADDRESS:**
- **STREET 1:** 8820 WILSHIRE BOULEVARD
- **STREET 2:** SUITE 320
- **CITY:** BEVERLY HILLS
- **STATE:** CA
- **ZIP:** 90211

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**(Amendment No. 4)**

**Issuer:** Karooooo Ltd.

**Title of Class of Securities:** Ordinary Shares, no par value

**CUSIP Number:** Y4600W108

**Date of Event Which Requires Filing of this Statement:** 12/31/2025

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [x] Rule 13d-1(b)

- [x] Rule 13d-1(c)

- [ ] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>Gobi Capital LLC | Names of Reporting Persons<br>Gobi Capital LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>2200668.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>2200668.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>2200668.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>2200668.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>7.12% | Percent of Class Represented by Amount in Row (9)<br>7.12% |
| 12. | Type of Reporting Person (See Instructions)<br>IA | Type of Reporting Person (See Instructions)<br>IA |

---

| 1. | Names of Reporting Persons<br>Bo Shan | Names of Reporting Persons<br>Bo Shan |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>X1 | Citizenship or Place of Organization<br>X1 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>2200668.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>2200668.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>2200668.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>2200668.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>7.12% | Percent of Class Represented by Amount in Row (9)<br>7.12% |
| 12. | Type of Reporting Person (See Instructions)<br>IN | Type of Reporting Person (See Instructions)<br>IN |

---

**Item 1(a). Name of Issuer:**
Karooooo Ltd.

**Item 1(b). Address of Issuer's Principal Executive Offices:**
1 Harbourfront Avenue Keppel Bay Tower #14-07, Singapore 098632

**Item 2(a). Name of Person Filing:**
Gobi Capital LLC ("Gobi") and Bo L. Shan ("Shan" and together with Gobi, the "Reporting Persons").

**Item 2(b). Address of Principal Business Office:**
8820 Wilshire Boulevard, Suite 320
Beverly Hills, CA 90211

**Item 2(c). Citizenship:**
Gobi Capital LLC is a Delaware limited liability company. Bo Shan is a citizen of the United States.

**Item 2(d). Title of Class of Securities:**
Ordinary Shares, no par value

**Item 2(e). CUSIP Number:**
Y4600W108

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [x] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [x] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

Gobi Capital LLC: 2,200,668
Bo Shan: 2,200,668

**(b) Percent of class:**

Gobi Capital LLC: 7.12%.
Bo Shan: 7.12%.

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

Gobi Capital LLC - 0
Bo Shan - 0

**(ii) Shared power to vote or to direct the vote:**

Gobi Capital LLC: 2,200,668
Bo Shan: 2,200,668

**(iii) Sole power to dispose or to direct the disposition of:**

Gobi Capital LLC - 0
Bo Shan - 0

**(iv) Shared power to dispose or to direct the disposition of:**

Gobi Capital LLC: 2,200,668
Bo Shan: 2,200,668

**Item 5. Ownership of Five Percent or Less of a Class.**

[x] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

Gobi Capital LLC ("Gobi"), an investment adviser registered under Section 203 of the Investment Advisers Act of 1940, is deemed to be the beneficial owner of 2,200,668 shares, or 7.12% of the Ordinary Shares believed to be outstanding, as a result of acting as investment adviser to various clients. Bo Shan is the managing member of Gobi and as such is deemed to be the beneficial owner of 2,200,668 shares, or 7.12% of the Ordinary Shares believed to be outstanding. Clients of Gobi have the right to receive and the ultimate power to direct the receipt of dividends from, or the proceeds of the sale of, such securities. Gobi Master Fund, Ltd., a Cayman Islands exempted company for which Gobi acts as an investment adviser, may be deemed to beneficially own 821,787 of these 2,200,668 shares, which equates to 2.66% of the Ordinary Shares believed to be outstanding. Druid Investment Partners LP, a Delaware limited partnership for which Gobi acts as investment adviser, may be deemed to beneficially own 188,497 of these 2,200,668 shares, which equates to 0.61% of the Ordinary Shares believed to be outstanding. Gobi Concentrated Master Fund Ltd., a business company incorporated and existing under the laws of the British Virgin Islands for which Gobi acts as investment adviser, may be deemed to beneficially own 900,384 of these 2,200,668 shares, which equates to 2.91% of the Ordinary Shares believed to be outstanding.

**Item 7. Identification and Classification of the Subsidiary**

Not Applicable

**Item 8. Identification and Classification of Members of the Group**

Not Applicable

**Item 9. Notice of Dissolution of Group**

Not Applicable

**Item 10. Certification:**

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Gobi Capital LLC**

**Date:** 02/17/2026

**By:** /s/ Bo L. Shan

**Name & Title:** Bo L. Shan, as Managing Member of Gobi Capital LLC

**Bo Shan**

**Date:** 02/17/2026

**By:** /s/ Bo L. Shan

**Name & Title:** Bo L. Shan