Company: FRHC
Filing Date: 2025-07-29
Form Type: DEF 14A
Source: 0000924805-25-000025
Chunk: 46

Company: Freedom Holding Corp.
Filing Date: 2025-07-29
Form: DEF 14A
Chunk 46
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 Incentive Compensation

Effective in October 2023, the Board adopted the Compensation Recoupment Policy regarding recoupment of certain incentive compensation (the “Recoupment Policy”) in accordance with SEC rules and Nasdaq listing rules, which mandate the adoption of a policy (and compliance with such policy) providing for the recovery of certain erroneously paid performance-based incentive compensation that is received by our current and former executive officers on or after October 2, 2023, if the Company is required to prepare a qualifying financial restatement during the three completed fiscal years immediately prior to the fiscal year in which a financial restatement determination is made, subject to limited exceptions. The Recoupment Policy also includes a discretionary clawback policy to recoup compensation, including time-based compensation in certain circumstances involving misconduct by our executive officers where recoupment is not otherwise required by U.S. securities laws or Nasdaq rules.

Compensation Committee Report

The compensation committee has reviewed the preceding Compensation Discussion and Analysis and discussed its contents with our management. Based on the review and discussions, the compensation committee has recommended to the Board that this Compensation Discussion and Analysis be included in this Proxy Statement and, through incorporation by reference, in our Annual Report on Form 10-K for the year ended March 31, 2025.

Compensation Committee

Amber Williams, Chair

Andrew Gamble

Timur Turlov

Philippe Vogeleer

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#### Summary Compensation Table
The table below summarizes compensation paid to or earned by our named executive officers for the fiscal years ended March 31, 2025, 2024 and 2023.

| Name and                                                                                   
 Principal Position                                                                         |     | Fiscal Year |     |      |     | Salary 
 ($)    |           |     | Bonus      ($) |           |     | Stock Awards 
 ($)          |         |     | All Other Compensation 
 ($)(1)                 |         |     | Total  
 ($)(2) |           |
| Timur Turlov                                                                               |     |             |     | 2025 |     |        | 2,500,000 |     |                | 4,278,220 |     |              |       — |     |                        | 733,823 |     |        | 7,512,043 |
| CEO and                                                                                    |     |             |     | 2024 |     |        | 2,500,000 |     |                | 5,000,000 |     |