Freedom Holding Corp.: management transactions · United States · SEC (Form 4)

About Freedom Holding Corp.

Freedom Holding Corp. (ticker: FRHC) is a U.S.-listed financial group organized under the laws of Nevada and traded on the NYSE/NASDAQ market in the United States. For investors, the company is best understood as a diversified financial services platform whose core franchise began in brokerage and has expanded into banking, insurance, market making, investment research, investment advisory, securities dealing, corporate finance, underwriting, payment services, information processing, and lifestyle-related services. The company’s latest annual report states that its business in its current form dates to 2015, while its origins trace back to BMB Munai, a Kazakhstani energy company founded in 1981, and Freedom Finance, a brokerage firm founded in Kazakhstan in 2011 by Timur Turlov. ([sec.gov](https://www.sec.gov/Archives/edgar/data/924805/000092480525000027/arsfinal2025.htm?utm_source=openai)) Freedom Holding’s business model is built around an integrated financial ecosystem. Rather than operating as a traditional standalone broker, the group seeks to serve retail clients across the full client journey: account opening, securities execution, advisory, financing, banking, and insurance. This gives the company a differentiated position versus large universal banks and local brokers, particularly in markets where retail investing and digital financial infrastructure are still developing. Management highlights a “world-class digital infrastructure” as a key enabler of growth, and the company’s latest filings describe the business as serving retail brokerage customers in Kazakhstan, its home market, as well as dozens of countries across Europe, Asia, and North America. ([ir.freedomholdingcorp.com](https://ir.freedomholdingcorp.com/annual-reports/content/0000924805-25-000012/frhc-20250331.htm?TB_iframe=true&height=auto&preload=false&width=auto&utm_source=openai)) Geographically, FRHC has a broad and unusual footprint for a U.S.-listed financial company. Its operating subsidiaries span Kazakhstan, Cyprus, Uzbekistan, Germany, Russia, and the United States, among other jurisdictions. The company also lists its headquarters at 40 Wall Street in New York, reinforcing that it is a U.S. corporation with a global operating base. As of March 31, 2025, Freedom Holding reported 202 offices and 683,000 retail brokerage customer accounts, which underscores the scale of its distribution network and its client acquisition model. ([ir.freedomholdingcorp.com](https://ir.freedomholdingcorp.com/annual-reports/content/0000924805-25-000012/frhc-20250331.htm?TB_iframe=true&height=auto&preload=false&width=auto&utm_source=openai)) Among the most notable recent developments, Freedom Holding disclosed in May 2025 that FTSE Russell selected the company for inclusion in the Russell 3000 Index as part of the 2025 annual reconstitution, effective after the close of U.S. trading on June 27, 2025. Index inclusion can improve visibility, liquidity, and passive ownership demand. The company’s newer SEC filings also show continued operational expansion and regular insider reporting via Form 4 activity, consistent with ongoing market scrutiny of a listed U.S. financial name. Overall, FRHC combines emerging-market exposure, digital brokerage capabilities, and a growing multi-product financial platform, making it an atypical but increasingly visible participant in the U.S. public markets. ([sec.gov](https://www.sec.gov/Archives/edgar/data/924805/000092480525000012/frhc-20250331.htm?utm_source=openai))