[Form 4] Freedom Holding Corp. Insider Trading Activity

Rhea-AI Filing Summary

Freedom Holding Corp. insider sale disclosed. Chief Technology Officer Renat Tukanov reported two open-market dispositions on 08/29/2025: 3,005 shares sold at $173.25 and 1 share sold at $174.50, leaving beneficial ownership of 3,000 shares. The Form 4 is signed and dated 09/02/2025.

Positive

• None.

Negative

• Insider disposition: Chief Technology Officer sold a total of 3,006 shares on 08/29/2025 at prices of $173.25 and $174.50, reducing beneficial ownership to 3,000 shares.

Insights

Securities Analyst

TL;DR: Insider sold a small block of shares, leaving ~3,000 shares beneficially owned.

The filing reports two small open-market dispositions by the CTO totaling 3,006 shares executed on 08/29/2025 at prices of $173.25 and $174.50. After the transactions the reporting person beneficially owns 3,000 shares. This is a routine Section 16 disclosure of insider sales with no accompanying derivative transactions or plan references disclosed.

Corporate Governance Expert

TL;DR: Transaction appears routine; no evidence of coordinated or plan-based trading disclosed.

The Form 4 shows direct sales by the reporting person and does not indicate a Rule 10b5-1 plan or other arrangement. The signature date is 09/02/2025, consistent with timely reporting. No additional governance or regulatory red flags are apparent from the document 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
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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^*

Tukanov Renat

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CHIEF TECHNOLOGY OFFICER

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		S		3,005	D	$173.25	3,001	D
Common Stock	08/29/2025		S		1	D	$174.5	3,000	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/ Renat Tukanov	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.

FAQ

What insider transactions were reported for Freedom Holding Corp. (FRHC)?

CTO Renat Tukanov reported two open-market sales on 08/29/2025: 3,005 shares at $173.25 and 1 share at $174.50.

How many shares does the reporting person own after the transactions?

Following the reported sales the reporting person beneficially owns 3,000 shares (direct ownership).

Was a 10b5-1 trading plan disclosed in this Form 4?

No 10b5-1 plan or other contract-based trading instruction is indicated in the provided Form 4 content.

When was the Form 4 signed and filed?

The signature block shows the Form 4 was signed by Renat Tukanov on 09/02/2025.

Did the Form 4 report any derivative transactions or option exercises?

No derivative securities, option exercises, or convertible security transactions are reported in Table II of this Form 4.