Azamat Yerdessov - 29 Jul 2024 Form 3 Insider Report for Freedom Holding Corp. (FRHC)

Signature
/s/ Azamat Yerdessov
Issuer symbol
FRHC
Transactions as of
29 Jul 2024
Net transactions value
$0
Form type
3
Filing time
03 Sep 2024, 16:01:10 UTC
Next filing
15 Nov 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding FRHC Common Stock 106,000 29 Jul 2024 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In connection with the filing on July 29, 2024, of Freedom Holding Corp.'s (the "Company") proxy statement for its 2024 annual meeting, the Company determined that the reporting person was an "officer" for purposes of Section 16 of the Exchange Act of 1934, as amended.
F2 On May 18, 2021, Mr. Yerdessov was awarded 10,000 restricted shares of common stock of the Company under the Company's 2019 Equity Incentive Plan (the "Plan"). 2,000 shares of that grant vested on May 18, 2022. 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 stock, vesting of the shares will occur as follows: 2,000 shares on each anniversary of the award date through May 18, 2026.
F3 On March 1, 2024, Mr. Yerdessov was awarded 112,500 restricted shares of common stock of the Company under the Plan. 62,500 shares of that grant vested on March 20, 2024. 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 stock, vesting of the shares will occur as follows: 25,000 shares annually through January 25, 2026.