[Form 4] Freedom Holding Corp. Insider Trading Activity

Rhea-AI Filing Summary

Form 4 filing overview

Freedom Holding Corp. (FRHC) reported that Chief Financial Officer Evgeny Ler acquired 5,169 shares of common stock on July 9, 2025. The shares were granted as restricted stock under the company’s 2019 Equity Incentive Plan and vested the same day after the required service and market-price conditions were satisfied. No cash consideration was paid (price $0), indicating a non-market equity award. After this transaction, Ler’s direct beneficial ownership increased to 39,077 shares. The filing lists no derivative security activity and no additional transactions.

Positive

• 5,169 restricted shares vested to CFO, increasing his direct holdings to 39,077 shares

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine equity award adds 5,169 shares to CFO’s stake; minimal market impact expected.

This Form 4 discloses a standard restricted-stock grant to CFO Evgeny Ler. The award, issued at no cost under the 2019 Equity Incentive Plan, brings his direct holdings to 39,077 shares. The transaction signals continued participation in the equity plan but involves a small number of shares relative to FRHC’s public float, so it is unlikely to influence valuation or trading dynamics materially. No sale or derivative activity is reported, and there are no indications of insider sentiment shifts beyond routine compensation.

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^*

Ler Evgeny

(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)
	Chief Financial Officer

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		5,169(1)	A	$0	39,077	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. Ler was awarded 5,169 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/ Evgeny Ler	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

How many Freedom Holding (FRHC) shares did the CFO acquire?

Evgeny Ler received 5,169 restricted shares.

What was the transaction date for the share award?

The shares were awarded and vested on July 9, 2025.

What is the CFO’s total beneficial ownership after the transaction?

Following the award, he directly owns 39,077 shares.

Was any cash paid for the shares?

No. The shares were granted at $0 cost as part of an equity incentive plan.

Did the filing report any derivative security transactions?

No derivative securities were acquired or disposed of in this Form 4.