Freedom Holding CEO gifts 1M shares, owns 64.91%

Freedom Holding Corp.’s CEO Timur Turlov gifts 1,000,000 shares yet continues to control about 64.91% of FRHC common stock.

Rhea-AI Filing Summary

Freedom Holding Corp. (FRHC) discloses that its Chief Executive Officer and Chairman, Timur R. Turlov, has amended his Schedule 13D (Amendment No. 4) following a share transfer. On September 16, 2026, Turlov transferred, as a bona fide gift, 1,000,000 shares of common stock to Askar Tashtitov.

After this transfer, Turlov beneficially owns 41,405,112 shares of Freedom Holding Corp. common stock, representing approximately 64.91% of the issued and outstanding shares, based on the transfer agent’s records as of September 11, 2026. He holds sole voting and dispositive power over all of these shares and reports no other share transactions in the past 60 days and no special contracts or arrangements relating to the stock beyond what is described in this amendment.

Key Figures

Shares transferred as gift: 1,000,000 shares Beneficial ownership: 41,405,112 shares Ownership percentage: 64.91% +3 more

6 metrics

Shares transferred as gift 1,000,000 shares Bona fide gift of Freedom Holding Corp. common stock to Askar Tashtitov on September 16, 2026

Beneficial ownership 41,405,112 shares Shares of Freedom Holding Corp. common stock beneficially owned by Timur Turlov after the transfer

Ownership percentage 64.91% Portion of issued and outstanding Freedom Holding Corp. common stock owned by Timur Turlov as of records dated September 11, 2026

Sole voting power 41,405,112 shares Shares over which Timur Turlov has sole power to vote or direct the vote

Sole dispositive power 41,405,112 shares Shares over which Timur Turlov has sole power to dispose or direct the disposition

Event date September 16, 2026 Date of the share transfer that triggered the Schedule 13D amendment

Key Terms

beneficially owns, bona fide gift, sole voting power, sole dispositive power, +1 more

5 terms

beneficially owns financial

"As of the date hereof, the Reporting Person beneficially owns 41,405,112 shares"

Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.

bona fide gift financial

"the Reporting Person transferred, as a bona fide gift, an aggregate of 1,000,000 shares"

A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.

sole voting power financial

"The Reporting Person has the sole power to vote or direct the vote"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

sole dispositive power financial

"the sole power to dispose or to direct the disposal of all 41,405,112 shares"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

issued and outstanding common stock financial

"approximately 64.91% of the issued and outstanding common stock of the Issuer"

Issued and outstanding common stock is the number of ordinary shares a company has created and that are currently held by outside investors (not including any shares the company has bought back and keeps in its own treasury). Think of a company as a pizza: issued and outstanding slices are the pieces distributed to people around the table — they determine each investor’s ownership share, voting power, and the basis for per‑share measures like earnings and market value, so changes affect dilution and how ownership is measured.

FAQ

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

What change in ownership does this Schedule 13D/A report for FRHC?

It reports that Timur R. Turlov transferred, as a bona fide gift, 1,000,000 shares of Freedom Holding Corp. common stock to Askar Tashtitov and now beneficially owns 41,405,112 shares, or about 64.91% of the company’s outstanding common stock.

How many FRHC shares does Timur Turlov beneficially own after this amendment?

After the reported transfer, Timur Turlov beneficially owns 41,405,112 shares of Freedom Holding Corp. common stock, representing approximately 64.91% of the company’s issued and outstanding common stock, based on transfer agent records as of September 11, 2026.

Does Timur Turlov still control voting for most FRHC shares?

Yes. Timur Turlov has sole voting power and sole dispositive power over all 41,405,112 Freedom Holding Corp. shares he beneficially owns, which is approximately 64.91% of the outstanding common stock.

Who received the 1,000,000 gifted FRHC shares from Timur Turlov?

The 1,000,000 shares of Freedom Holding Corp. common stock were transferred, as a bona fide gift, to Askar Tashtitov on September 16, 2026, according to the amendment.

Were there other FRHC share transactions by Timur Turlov in the last 60 days?

Aside from the disclosed gift transfer, the amendment states that, during the past 60 days, the reporting person has not made any purchases of Freedom Holding Corp. common stock.

Are there any special agreements affecting Turlov’s FRHC shares?

The amendment states that, except as disclosed in Amendment No. 4, there are no contracts, arrangements, understandings or relationships between Timur Turlov and any other person with respect to any Freedom Holding Corp. securities.

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

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Available on EDGAR 09/18/2026 - 04:03 PM Accepted by SEC EDGAR 09/18/2026 - 04:03 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 4)

Freedom Holding Corp.

(Name of Issuer)

Common Stock, $.001 par value per share

(Title of Class of Securities)

356390104

(CUSIP Number)

Timur R. Turlov
40 Wall Street, 58th Floor
New York, NY, 10005
(212) 980-4400

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

09/16/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 356390104

1

Name of reporting person

Turlov Timur R

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

KAZAKSTAN

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 41,405,112.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 41,405,112.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

41,405,112.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

64.91 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, $.001 par value per share
(b)	Name of Issuer: Freedom Holding Corp.
(c)	Address of Issuer's Principal Executive Offices: 40 Wall Street, 58th Floor, New York, NEW YORK , 10005.
Item 2.	Identity and Background
(a)	Timur R. Turlov
(b)	40 Wall Street, 58th Floor, New York, NY 10005
(c)	Chief Executive Officer and Chairman of the Board of Directors of Freedom Holding Corp.
(d)	None.
(e)	None.
(f)	Kazakhstan
Item 3.	Source and Amount of Funds or Other Consideration
	The information contained on the cover pages to this Amendment No. 4 and the information set forth in Items 4, 5 and 6 hereof are incorporated by reference herein. Item 3 of the Schedule 13D is hereby amended and supplemented as follows: Between the date of Amendment No. 3 and the date of the filing of this Amendment No. 4, the Reporting Person transferred, as a bona fide gift, an aggregate of 1,000,000 shares of common stock, $.001 par value per share of Freedom Holding Corp. to Askar Tashtitov.
Item 4.	Purpose of Transaction
	The information contained on the cover pages to this Amendment No. 4 and the information set forth in Items 3, 5 and 6 hereof are incorporated by reference herein and Item 4 of Schedule 13D is hereby amended and supplemented as follows. On September 16, 2026, the Reporting Person transferred, as a bona fide gift, an aggregate of 1,000,000 shares of common stock, $.001 par value per share of Freedom Holding Corp. to Askar Tashtitov.
Item 5.	Interest in Securities of the Issuer
(a)	As of the date hereof, the Reporting Person beneficially owns 41,405,112 shares, or approximately 64.91% of the issued and outstanding common stock of the Issuer, based upon the records of the Issuer's transfer agent as of September 11, 2026.
(b)	The Reporting Person has the sole power to vote or direct the vote and the sole power to dispose or to direct the disposal of all 41,405,112 shares of common stock he beneficially owns.
(c)	Other than as disclosed herein, during the past 60 days, the Reporting Person has not made any purchases of common stock of the Issuer.
(d)	No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the shares.
(e)	Not Applicable.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	The information contained on the cover pages to this Amendment No. 4 and the information set forth in Items 3, 4 and 5 hereof are incorporated by reference herein and Item 6 of the original Schedule 13D is amended and restated as follows: Except as disclosed in this Amendment No. 4, there are no contracts, arrangements, understandings or relationships (legal or otherwise) between the Reporting Person and any other person with respect to any securities of the Issuer, including but not limited to transfer or voting of any securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or losses, or the giving or withholding of proxies.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Turlov Timur R

Signature:	/s/ Timur R. Turlov
Name/Title:	Timur R. Turlov
Date:	09/18/2026