[Form 4] Freedom Holding Corp. Insider Trading Activity

Rhea-AI Filing Summary

Freedom Holding Corp. (FRHC) – Form 4 insider filing

President and Director Askar Tashtitov reported receiving 5,691 restricted common shares on 07/09/2025 under the company’s 2019 Equity Incentive Plan. The grant required no cash consideration (price $0) and vested the same day after service- and market-price conditions were met. Following the award, Mr. Tashtitov’s direct beneficial ownership rose to 142,899 common shares.

No derivative securities were involved, and the filing discloses no sales or transfers. The transaction constitutes a routine equity incentive award that mildly increases insider alignment without signaling material new information about the issuer’s fundamentals.

Insights

Financial Analyst

TL;DR: Routine 5,691-share award to FRHC president; modest ownership uptick, limited market relevance.

This Form 4 documents a standard equity incentive grant rather than an open-market purchase. Because the shares were awarded at no cost, the transaction does not indicate the insider’s willingness to deploy personal capital, limiting its signaling value. Post-transaction ownership of 142,899 shares suggests continued alignment with shareholders but remains small relative to Freedom Holding’s total outstanding shares (not disclosed here). With no sales, derivatives, or unusual terms, the filing is best viewed as administrative disclosure under the 2019 plan. Investors typically assign neutral weight to such events unless the volume represents a significant percentage of shares outstanding, which cannot be determined from the filing alone.

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^*

Tashtitov Askar

(Last) (First) (Middle)

"ESENTIA 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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President

3. Date of Earliest Transaction (Month/Day/Year)
07/09/2025

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	07/09/2025		A		5,691(1)	A	$0	142,899	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:

1. Mr. Tashtitov was awarded 5,691 restricted shares of common stock of Freedom Holding Corp. (the "Company") on July 09, 2025, under the Company 2019 Equity Incentive Plan. Assuming satisfaction of applicable vesting conditions, which include continuous service with the Company and market price conditions tied to the performance of the Company's common shares, vesting of the shares occurred on July 9, 2025.

	/s/ Askar Tashtitov	07/11/2025
	** 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 Askar Tashtitov report in the FRHC Form 4?

Award of 5,691 restricted common shares under the 2019 Equity Incentive Plan on 07/09/2025.

How many Freedom Holding Corp. shares does Tashtitov own after the award?

He now beneficially owns 142,899 common shares held directly.

Did the restricted shares vest immediately?

Yes. Vesting occurred on July 9 2025 after service and market-price conditions were satisfied.

Was any cash paid for the awarded shares?

No. The shares were granted at a price of $0 as part of an incentive plan.

Were any derivative securities involved in this Form 4 filing?

No derivative securities were reported; only common stock was disclosed.