Freedom Holding Corp. insider to sell 29,438 shares worth $4.3M

Rhea-AI Filing Summary

Form 144 overview: The filing notifies the SEC of a proposed resale of 29,438 shares of Freedom Holding Corp. (symbol: FRHC) common stock, valued at $4,266,154.96. The shares represent roughly 0.05 % of the 61,205,640 shares outstanding and will be executed on 07/09/2025 through broker Freedom Finance Global PLC on the Nasdaq Capital Market.

Origin of shares: All securities were received directly from the issuer as equity compensation—23,438 shares on 01/25/2025 and 6,000 shares on 05/18/2025. No cash purchase or gifts are involved.

Key implications for investors:

• The notice signals insider intent to monetize equity awards, generating potential supply of shares in early July 2025.
• While the dollar amount is sizeable ($4.3 million), the transaction is immaterial to the company’s float (<0.1 %).
• Because it is a planned resale, the filing does not create dilution or change the company’s capital structure.

Required representations: The filer certifies no possession of undisclosed material adverse information and acknowledges Rule 10b5-1 obligations.

Materiality assessment: The sale’s relative size suggests limited direct market impact, yet persistent insider selling can influence sentiment. Investors may monitor future Form 4s or additional Form 144s for pattern confirmation.

Positive

• Sale equals only ~0.05 % of outstanding shares, indicating minimal float impact and no dilution.

Negative

• Insider intends to sell $4.3 million of stock, a potential mild negative signal on future expectations.

Insights

Securities Analyst

TL;DR: Planned insider resale of 29 k FRHC shares; size negligible versus float—market impact likely muted.

The Form 144 discloses resale of equity-grant shares totaling $4.3 million. At just 0.05 % of outstanding stock, this is below thresholds that typically pressure liquidity for a Nasdaq-listed issuer. Because the shares were granted in 2025, the transaction appears to be a routine monetization rather than a reaction to recent events. No dilution or balance-sheet effect occurs. I classify the filing as not materially impactful but mildly negative from a sentiment standpoint.

Corporate Governance Expert

TL;DR: Insider cash-out via Form 144 may hint at profit-taking, but scale is marginal to shareholders.

The filing contains all standard Rule 144 representations, signaling compliance. The insider is selling soon after vesting, which can raise questions on alignment, yet such timing is permissible. Absence of prior 3-month sales suggests this is the first planned liquidation. Governance risk is low; however, continued or larger disposals could flag commitment issues. Overall market significance is low; still, investors should watch subsequent filings for pattern escalation.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock, par value $0.001 per share	Freedom Finance Global PLC 16, Dostyk street Yessil district Astana 1P 010017	29438	4266154.96	61205640	07/09/2025	The Nasdaq Capital M

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock, par value $0.001 per share	01/25/2025	Equity Stock Grant	Issuer			23438	01/25/2025	Equity Compensation
Common Stock, par value $0.001 per share	05/18/2025	Equity Stock Grant	Issuer			6000	05/18/2025	Equity Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many FRHC shares are being sold under this Form 144?

29,438 common shares are slated for resale.

What is the aggregate market value of the proposed FRHC sale?

The filing lists an aggregate value of $4,266,154.96 for the shares.

When is the approximate sale date for the FRHC shares?

The filer targets 07/09/2025 as the sale date.

What percentage of FRHC’s shares outstanding does the sale represent?

The transaction equals roughly 0.05 % of the 61,205,640 shares outstanding.

Were the shares purchased or granted?

All shares were granted as equity compensation on 01/25/2025 and 05/18/2025.

Which broker will handle the sale?

Freedom Finance Global PLC, based in Astana, is listed as broker.