FRHC 10-K Annual Report March 31, 2024 | Alphaminr
Freedom Holding Corp.

FRHC 10-K Fiscal year ended March 31, 2024

FREEDOM HOLDING CORP.
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TABLE OF CONTENTS
Part IItem 1. BusinessNote 1 "description Of BusinessNote 31 Statutory Capital RequirementsItem 1A. Risk FactorsItem 1B. Unresolved Staff CommentsItem 1C. CybersecurityItem 2. PropertiesNote 27 "leasesItem 3. Legal ProceedingsItem 4. Mine Safety DisclosuresPart IIItem 5. Market For Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases Of Equity SecuritiesItem 6. [reserved]Item 7. Management's Discussion and Analysis Of Financial Condition and Results Of OperationsNote 28 Acquisitions Of SubsidiariesNote 24 "related Party TransactionsItem 7A. Qualitative and Quantitative Disclosures About Market RiskItem 8. Financial Statements and Supplementary DataNote 1 - Description Of BusinessNote 2 - Summary Of Significant Accounting PoliciesNote 3 - RecastNote 4 - Cash and Cash EquivalentsNote 5 - Restricted CashNote 6 - Trading and Available-for-sale Securities At Fair ValueNote 7 - Margin Lending, Brokerage and Other Receivables, NetNote 8 - Loans IssuedNote 9 - Income TaxesNote 10 - Fixed Assets, NetNote 11 - Intangible Assets, NetNote 12 - Other Assets, NetNote 13 - Securities Repurchase Agreement ObligationsNote 14 - Customer LiabilitiesNote 15 - Margin Lending and Trade PayablesNote 16 - Debt Securities IssuedNote 17 - Insurance Contracts Assets and Liabilities From Insurance ActivitiesNote 18 - Other LiabilitiesNote 19 - Fee and Commission IncomeNote 20 - Net Gain on Trading SecuritiesNote 21 - Net Interest Income/expenseNote 22 - Net Gain on Foreign Exchange OperationsNote 23 - Net (loss)/gain on DerivativesNote 24 - Related Party TransactionsNote 25 - Stockholders' EquityNote 26 - Stock Based CompensationNote 27 - LeasesNote 28 - Acquisitions Of SubsidiariesNote 29 - Commitments and ContingenciesNote 30 - Segment ReportingNote 31 - Statutory Capital RequirementsNote 32 - Subsequent EventsItem 9. Changes in and Disagreements with Accountants on Accounting and Financial DisclosureItem 9A. Controls and ProceduresItem 9B. Other InformationItem 9 . Disclosure Regarding Foreign Jurisdictions That Prevent InspectionsPart IIIItem 10. Directors, Executive Officers and Corporate GovernanceItem 11. Executive CompensationItem 12. Security Ownership Of Certain Beneficial Owners and Management and Related Stockholder MattersItem 13. Certain Relationships and Related Transactions and Director IndependenceItem 14. Principal Accounting Fees and ServicesPart IVItem 15. Exhibits, Financial Statement SchedulesItem 16. Form 10-k Summary

Exhibits

3.01 Restated Articles of Incorporation of Freedom Holding Corp.(1) 3.02 By-Laws of Freedom Holding Corp. (as amended through February 4, 2019)(1) 4.01 Description ofRegistrantsSecuritiesRegistered under Section 12 of the Securities Exchange Act of 1934, as amended(2) 4.02 Guarantee Agreement dated August 10, 2021, between Freedom Holding Corp. and Freedom Finance SPC Ltd. in relation to U.S.$200,000,000 Bond Program of Freedom Finance SPC Ltd.(6)% 4.03 Offer Terms of the 5.5% Coupon US$66,000,000 Bonds Due October 21, 2026 issued by Freedom Finance SPC Ltd.(7) 10.01 Freedom Holding Corp., 2019 Equity Incentive Plan(3) + 10.02 Employment Agreement No. 21-38/1 dated February 1, 2021 between Freedom Finance Global PLC and Timur Turlov+*# 10.03 Agreement with Member of the Board of Directors dated July 24, 2020 Freedom Finance Global PLC and Askar Tashtitov+*# 10.04 Employment Agreement No. 18-107/1 dated November 1, 2018 between Freedom Finance Joint Stock Company and Askar Tashtitov)+%#* 10.05 Supplementary Agreement to an Employment Contract No. 18-107/1 from 01 November 2018 between Freedom Finance Joint Stock Company and Askar Tashtitov(2)+%# 10.06 Agreement with Member of the Board of Directors dated July 24, 2020 Freedom Finance Global PLC and Evgeniy Ler+# 10.07 Employment Agreement No. 15-128 dated February 9, 2015 between Freedom Finance Joint Stock Company and Evgeniy Ler+#* 10.08 Supplementary Agreement dated January 25, 2016 to the EmploymentAgreementNo. 15-128 dated February 9, 2015 between Freedom Finance Joint Stock Company and Evgeniy Ler(2)+%#* 10.09 Supplementary Agreement to an EmploymentAgreementNo. 15-128 from 09 February 2015 between Freedom Finance Joint Stock Company and Evgeniy Ler(2)+%#* 10.10 Employment Agreement No. 16-217 dated August 1, 2016 between Freedom Finance Joint Stock Company and Renat Tukanov+*# 10.11 Employment Agreement dated September 14, 2020 between Freedom Finance Global PLC and Renat Tukanov+*# 10.12 Restricted Stock Award Agreement, effective May 18, 2021, between Freedom Holding Corp. and Renat Tukanov+* 10.13 Long Term Equity Incentive Compensation Agreement, effective May 18, 2021, between Freedom Holding Corp. and Askar Tashtitov(5)+ 10.14 Long Term Equity Incentive Compensation Agreement, effective May 18, 2021, between Freedom Holding Corp. and Evgeniy Ler(5)+ 10.15 EmploymentAgreementdated September1, 2020 between Freedom Finance Global PLC andSergey Lukyanov+*# 10.16 EmploymentAgreementdatedFebruary3, 2020 between Freedom FinanceJSCandSergey Lukyanov+*# 10.17 EmploymentAgreementdatedDecember29, 2020 betweenPrime ExecutionsandRobertWotczak+* 10.18 EmploymentAgreementNo.2dated May 11, 2023 between Freedom Horizons LLP and Kairat Kelimbetov+*# 10.19 Restricted Stock Award Agreement, effective May18, 2021, between Freedom Holding Corp. andSergeyLukyanov+*# 10.20 Restricted Stock Award Agreement, effectiveDecember 30, 2020, between Freedom Holding Corp. andRobertWotczak+* 10.21 Supplementary Agreement to the EmploymentAgreementfrom January 2, 2020 between Prime Executions and Robert Wotczak+* 10.22 Supplementary Agreement to the EmploymentAgreementNo. 21-38/1 from February01, 2021 between Freedom Finance Global PLC and Timur Turlov+*# 10.23 Supplementary Agreement to an Employment Agreement No. 18-107/1 from 01 November 2018 between Freedom Finance Joint Stock Company and Askar Tashtitov+*# 10.24 Supplementary Agreement to the EmploymentAgreementNo. 15-128 from February 9, 2015 between Freedom Finance JSC and Evgeny Ler+*# 10.25 Supplementary Agreement to the EmploymentAgreementNo. 20-362 from14September2020 between Freedom Global PLCand Renat Tukanov+*# 10.26 Supplementary Agreement to an EmploymentAgreementNo.16-217from01August2016between Freedom Finance Joint Stock Company andRenat Tukanov+*# 10.27 Supplementary AgreementtoanEmploymentAgreementNo. 20-13 from03February2020between Freedom Finance Joint Stock Companyand Sergey Lukyanov+*# 19.01 Insider Trading Policy* 14.01 Code of Ethics(4) 21.01 Schedule of Subsidiaries* 23.01 Consent of Independent Registered Public Accounting Firm (WSRP, LLC)* 23.02 Consent of Independent Registered Public Accounting Firm (Deloitte LLP)* 31.01 Certification of the Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002* 31.02 Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002* 32.01 Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002* 97 Policy Relating to Recovery of Erroneously Awarded Compensation*