FRHC insider buys 5,725 shares at $171.67, ownership rises to 132,425

Sergey Lukyanov, an officer and director of Freedom Holding Corp. (FRHC), reported purchases of 5,725 shares of the company's common stock on 08/29/2025 at a weighted average price of $171.67.

Rhea-AI Filing Summary

Sergey Lukyanov, an officer and director of Freedom Holding Corp. (FRHC), reported purchases of 5,725 shares of the company's common stock on 08/29/2025 at a weighted average price of $171.67. The filing states the shares were bought in multiple transactions at prices ranging from $171.45 to $171.95. Following these purchases, Mr. Lukyanov beneficially owns 132,425 shares, held in a direct ownership form.

The Form 4 includes a remark identifying Mr. Lukyanov as Chairman of the Management Board of Freedom Finance JSC and Chairman of the Board of Freedom Finance Global PLC. The reporting person committed to provide transaction-level pricing details on request.

Positive

• Insider purchase: Reporting person acquired 5,725 shares, indicating an insider buy rather than a sale.
• Clear pricing disclosure: Weighted average price disclosed at $171.67 with per-trade range $171.45–$171.95 and offer to provide detailed per-trade data upon request.
• Post-transaction ownership: Beneficial ownership increased to 132,425 shares held directly.
• Identified roles: Filing names the reporting person as Chairman of the Management Board of Freedom Finance JSC and Chairman of the Board of Freedom Finance Global PLC.

Negative

• None.

Insights

Securities Analyst

TL;DR Insider purchased 5,725 shares at a weighted average of $171.67, increasing direct ownership to 132,425 shares.

This Form 4 shows an affirmative insider purchase rather than a sale, which can signal confidence by management in the company's value. The transaction was executed on 08/29/2025 in multiple trades across a tight price band ($171.45–$171.95), resulting in a disclosed weighted average price of $171.67. The filing provides a clear post-transaction beneficial ownership figure of 132,425 shares and confirms direct ownership. All disclosures are consistent with Section 16 reporting requirements.

Corporate Governance Expert

TL;DR Reported insider purchase is routine disclosure; filing supplies necessary details and identifies the reporting person's corporate roles.

The Form 4 properly lists the reporting person, relationship to the issuer (officer and director), transaction date, aggregate shares acquired, price information and resulting beneficial ownership. The explanatory remark clarifies the weighted average purchase price and the availability of per-trade pricing upon request. From a governance and compliance perspective, the form appears complete and timely.

Insider Trade Summary

Net Buyer: 5,725 shares

Net Buy 1 txn

Insider Lukyanov Sergey

Role *See Remarks

Bought 5,725 shs ($983K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	5,725	$171.67	$983K

Holdings After Transaction: Common Stock — 132,425 shares (Direct)

Footnotes (1)

1. F1. Reflects the weighted average purchase price on August 29, 2025. The shares were purchased in multiple transactions at prices ranging from $171.45 to $171.95, inclusive. The reporting person undertakes to provide to Freedom Holding Corp., any security holder of Freedom Holding Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within such range.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transaction did Sergey Lukyanov report for FRHC?

He reported purchases of 5,725 shares of Freedom Holding Corp. common stock on 08/29/2025.

At what price were the FRHC shares bought according to the Form 4?

The weighted average purchase price was $171.67, with trades ranging from $171.45 to $171.95.

How many FRHC shares does Sergey Lukyanov own after the reported purchases?

Following the transactions, he beneficially owns 132,425 shares, held directly.

When was the Form 4 transaction date and filing signature date?

The transaction date was 08/29/2025 and the Form 4 is signed on 09/02/2025.

What corporate roles does the reporting person hold as stated in the filing?

The filing states he is Chairman of the Management Board of Freedom Finance JSC and Chairman of the Board of Freedom Finance Global PLC.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 09/02/2025 - 04:06 PM Learn about SEC filing dates

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^*

Lukyanov Sergey

(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)
	*See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
08/29/2025

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	08/29/2025		P		5,725	A	$171.67(1)	132,425	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. Reflects the weighted average purchase price on August 29, 2025. The shares were purchased in multiple transactions at prices ranging from $171.45 to $171.95, inclusive. The reporting person undertakes to provide to Freedom Holding Corp., any security holder of Freedom Holding Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within such range.

Remarks:

Chairman of the Management Board of Freedom Finance JSC and Chairman of the Board of Freedom Finance Global PLC

	/s/ Sergey Lukyanov	09/02/2025
	** 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.