Freedom Holding Corp. insider plans modest 3k-share sale under Rule 144

Rhea-AI Filing Summary

Freedom Holding Corp. (FRHC) filed a Form 144, indicating an insider’s intent to sell restricted/control securities under Rule 144.

• Securities to be sold: 3,000 common shares.
• Estimated market value: US$436,500 (≈ US$145.5 per share).
• Approximate sale date: 01 July 2025.
• Exchange: Kazakhstan Stock Exchange (KASE).
• Shares outstanding: 61,205,640; the planned sale equals roughly 0.005% of shares outstanding.
• Acquisition details: Shares vested on 18 May 2025 through an employee stock-grant (equity compensation); no cash purchase involved.
• Broker: Freedom Broker, Esentai Tower, Almaty.

No other sales by the filer were reported in the past three months, and the filer attests to possessing no undisclosed material adverse information.

The filing is a routine regulatory notice rather than a definitive transaction. Given the small size relative to the float, the sale is unlikely to be materially dilutive or signalling significant insider pessimism, but it does incrementally expand public float and can be perceived as a mild negative sentiment indicator.

Positive

• None.

Negative

• Insider intends to sell 3,000 shares (~US$436k), which could be interpreted as modestly negative sentiment

Insights

Equity Research Analyst

TL;DR: Minor insider sale (3k shares, <0.01% float) — limited fundamental impact, slight negative sentiment.

The Form 144 shows an employee intends to liquidate 3,000 recently-vested shares worth roughly US$0.44 million. Against FRHC’s 61.2 million shares outstanding and a market cap above US$8 billion, the disposal is immaterial financially and will not affect supply-demand dynamics. However, insider sales—especially soon after vesting—can create perception of waning confidence. Because the sale is small and Rule 144 filings do not guarantee execution, I view the impact as neutral-to-slightly negative.

Securities Counsel

TL;DR: Routine Rule 144 notice; no governance red flags, negligible impact.

The filer complies with Rule 144 disclosure, citing no adverse undisclosed information and confirming no prior sales in the last 90 days. The planned transaction follows standard vesting and is routed through a recognized broker on KASE. From a compliance standpoint, the filing is ordinary and poses no legal or governance concerns.

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	Freedom Broker Esentai Tower BC, 77/7 Al-Farabi Ave. Almaty 1P 050040	3000	436500	61205640	07/01/2025	KASE

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	05/18/2025	Vesting of employee stock grant	Issuer			3000	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 Freedom Holding Corp. shares are being sold under this Form 144?

3,000 common shares are designated for sale.

What is the estimated market value of the FRHC shares to be sold?

The aggregate market value is listed as US$436,500.

When is the anticipated sale date for the FRHC shares?

The filer targets 01 July 2025 as the approximate sale date.

How were the shares acquired by the seller?

They were obtained through vesting of an employee stock-grant on 18 May 2025 (equity compensation).

What percentage of Freedom Holding Corp.’s outstanding shares does the sale represent?

Roughly 0.005% of the 61,205,640 shares outstanding.

On which exchange will the FRHC shares be sold?

The sale is planned for the Kazakhstan Stock Exchange (KASE).