Company: FRHC
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0000924805-25-000031
Chunk: 211

Company: Freedom Holding Corp.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 211
---
2025, the Company awarded stock grants totaling 211,691 shares, 99,929 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, 202589,150

NOTE 20 – STOCK BASED COMPENSATION

The compensation expense related to restricted and non-restricted stock grants was $23,054 during the three months ended June 30, 2025, and $10,615 during the three months ended June 30, 2024. As of June 30, 2025 there was $73,597 of total unrecognized compensation cost related to non-vested shares of common stock granted, and $49,256 during the three months ended June 30, 2024. The cost is expected to be recognized over a weighted average period of 4.38 years. The compensation expense related to stock awards, which vested on the date of the award was $11,754 and $3,230 during the three months ended June 30, 2025 and  June 30, 2024, respectively. 

45

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 June 30, 2025, using the Monte Carlo valuation model based on the following key assumptions:Stock awards granted Term (years)VolatilityRisk-free rateApril 8, 20253.8035.80 %3.78 %May 29, 20254.6638.85 %3.98 %The table below summarizes the activity for the Company's stock awards during the three months ended June 30, 2025:SharesWeightedAverageFair ValueOutstanding, at March 31, 20251,207,307 97,748 Granted211,691 27,348 Vested(226,129)(16,571)Forfeited/cancelled/expired— — Outstanding, at June 30, 20251,192,869 108,