Company: FRHC
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0000924805-25-000041
Chunk: 116

Company: Freedom Holding Corp.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 116
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92,979April 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 be recognized over a weighted average period of 3.86 years. The compensation expense related to stock awards, which vested on the date of the award was $2,914 and $1,887 during the three months ended September 30, 2025 and  September 30, 2024, respectively.

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Table of ContentsFREEDOM HOLDING CORP.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)(All amounts in thousands of United States dollars, except share data, unless otherwise stated)

The Company has determined the fair value of shares awarded during the three months ended September 30, 2025, using the Monte Carlo valuation model based on the following key assumptions:Stock awards granted Term (years)VolatilityRisk-free rate August 5, 20253.4838.70 %3.66 %The table below summarizes the activity for the Company's stock awards during the six months ended September 30, 2025:SharesWeightedAverageFair ValueOutstanding, at March 31, 20251,207,307 97,748 Granted248,888 33,090 Vested(245,326)(19,484)Forfeited/cancelled/expired(74,906)(5,694)Outstanding, at September 30, 20251,135,963 105,660 

NOTE 21 – LEASES

At September 30, 2025, the Group was obligated under a number