Company: FRHC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000924805-25-000041
Chunk: 261

Company: Freedom Holding Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 8
Chunk 261
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 the six months ended September 30, 2024.. Kazakhstan Chess Federation is a Kazakhstan-based company in which Timur Turlov holds a management position. Freedom Youth Football League of Kazakhstan is a Kazakhstan-based company fully owned by Turlov Private Holding, in which Timur Turlov holds 99.9% of the shares. The sponsorship contributions to the Kazakhstan Chess Federation and Freedom Youth Football League of Kazakhstan during the three months ended September 30, 2025 were made to support the preparation and holding of championships, tournaments, training camps and other events. 

NOTE 19 – STOCKHOLDERS’ EQUITY

During the three months ended September 30, 2025, the Company awarded stock grants totaling 32,197 shares, 19,197 of which were vested on the date of the award, compared to total grants of 156,659 shares during the three months ended September 30, 2024, 22,798 of which were vested on the date of the award. During the six months ended September 30, 2025, the Company awarded stock grants totaling 243,888 shares, 119,126 of which were vested on the date of the award, compared to total grants of 343,626 shares during the six months ended September 30, 2024, 65,395 of which were vested on the date of the award. The table below presents Stock Incentive Plan awards granted on the dates indicated.  Stock awards granted on:UnitsApril 8, 2025 immediate stock grants92,979April 8, 202522,612May 29, 2025 immediate stock grants6,950May 29, 202589,150July 9, 2025 immediate stock grants14,169August 5, 2025 immediate stock grants2,000August 5, 202513,000September 16, 2025 immediate stock grants3,028

NOTE 20 – STOCK BASED COMPENSATION

The compensation expense related to restricted and non-restricted stock grants was $15,496 during the three months ended September 30, 2025, and $12,056 during the three months ended September 30, 2024. As of September 30, 2025 there was $59,838 of total unrecognized compensation cost related to non-vested shares of common stock granted, and $49,271 during the three months ended September 30, 2024. The cost is expected to