Company: FRHC
Filing Date: 2025-07-29
Form Type: ARS
Source: 0000924805-25-000027
Chunk: 233

Company: Freedom Holding Corp.
Filing Date: 2025-07-29
Form: ARS
Chunk 233
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 immediate stock grants 10,360 April 1, 2024 38,250 April 23, 2024 immediate stock awards 3,924 April 23, 2024 36,120 June 7, 2024 immediate stock awards 18,313 June 24, 2024 immediate stock awards 10,000 June 24, 2024 70,000 July 1, 2024 34,250 July 1, 2024 immediate stock awards 4,300 July 12, 2024 12,816 August 5, 2024 10,000 August 5, 2024 immediate stock awards 5,000 August 13, 2024 76,795 August 13, 2024 immediate stock awards 13,498 October 1, 2024 47,850 October 10, 2024 immediate stock awards 750 January 23, 2025 immediate stock awards 1,000 February 13, 2025 84,492 February 13, 2025 immediate grants 21,123 February 28, 2025 193,606 February 28, 2025 immediate grants 74,511 NOTE 25 - STOCK BASED COMPENSATION Table of Contents FREEDOM HOLDING CORP. NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2024 (All amounts in thousands of United States dollars, except share data, unless otherwise stated) 160

The compensation expense related to restricted stock awards was $59,592 during the year ended March 31, 2025, and $22,719 during the year ended March 31, 2024. As of March 31, 2025, there was $69,303 of total unrecognized compensation cost related to non-vested shares of stock awarded. The cost is expected to be recognized over a weighted average period of 4.30 years. The compensation expense related to stock awards, which vested on the date of the award was $19,548 during the year ended March 31, 2025, and $16,488 during the year ended March 31, 2024. The Company has determined the fair value of shares awarded during the years ended March 31, 2025, March 31, 2024 and March 31, 2023 using the Monte Carlo valuation model based on the following key assumptions: Stock awards granted Term