[Form 4] Freedom Holding Corp. Insider Trading Activity

Rhea-AI Filing Summary

Azamat Yerdessov, an officer identified as "Freedom Life Chief Exec. Ofc," reported a sale of 2,007 shares of Freedom Holding Corp. (FRHC) on 08/27/2025 at a reported price of $177 per share. After the transaction he beneficially owned 160,493 shares, held directly. The filing is a routine Section 16 Form 4 disclosing an insider disposition.

Positive

• Timely disclosure of insider transaction consistent with Section 16 reporting requirements
• Post-transaction ownership disclosed (160,493 shares), giving transparency on insider holdings

Negative

• Insider sale of 2,007 shares was reported, which may be viewed negatively by some investors
• No statement in the filing explaining the reason for the sale or indicating a 10b5-1 plan

Insights

Financial Analyst

TL;DR: Insider sale of 2,007 FRHC shares at $177, leaving 160,493 shares; appears to be a routine, single-day disposition.

The reporter disclosed a sale transaction executed on 08/27/2025 for 2,007 shares at $177 per share. The filing shows direct beneficial ownership of 160,493 shares after the sale. There are no derivatives disclosed and no indication of a rule 10b5-1 plan or amended filings. From a trading-impact perspective, this is a straightforward disclosure of an insider disposition without additional material context in the filing.

Corporate Governance Expert

TL;DR: Form 4 properly reports a single insider sale; disclosure complies with Section 16 requirements but gives no rationale for the sale.

The form is signed and dated 08/28/2025 and reports the required items: reporter identity and address, relationship to the issuer, transaction date, number of shares sold, sale price, and post-transaction ownership. The filing does not state a trading plan or indicate joint filers. As filed, it fulfills reporting obligations; it does not provide governance or intent information beyond the mechanics of the transaction.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Yerdessov Azamat

(Last) (First) (Middle)

ESENTAI TOWER BC, FLOOR 7

77/7 AL FARABI AVE

(Street)

ALMATY 1P 050040

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Freedom Holding Corp. [ FRHC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Freedom Life Chief Exec. Ofc.

3. Date of Earliest Transaction (Month/Day/Year)
08/27/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.001 per share	08/27/2025		S		2,007	D	$177	160,493	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	/s/ Azamat Yerdessov	08/28/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Azamat Yerdessov report on Form 4 for FRHC?

He reported a sale of 2,007 shares of Freedom Holding Corp. on 08/27/2025 at a reported price of $177 per share.

How many FRHC shares does Azamat Yerdessov own after the reported sale?

The Form 4 shows he beneficially owned 160,493 shares following the reported transaction.

Does the Form 4 indicate a 10b5-1 trading plan or an amendment?

No. The filing does not check or state that the transaction was made pursuant to a 10b5-1 plan, and no amendment date is provided.

When was the Form 4 signed and filed?

The signature block shows the form was signed by Azamat Yerdessov on 08/28/2025.

Are there any derivative transactions reported by the insider?

No. Table II for derivative securities contains no reported transactions in this filing.