Annual report [Section 13 and 15(d), not S-K Item 405]

STOCK BASED COMPENSATION

v3.26.1
STOCK BASED COMPENSATION
12 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
STOCK BASED COMPENSATION STOCK BASED COMPENSATION
The compensation expense related to restricted stock awards was $68,047 during the year ended March 31, 2026, and $59,592 during the year ended March 31, 2025. As of March 31, 2026, there was $46,174 of total unrecognized compensation cost related to non-vested shares of stock awarded. The cost is expected to be recognized over a weighted average period of 4.6 years. The compensation expense related to stock awards, which vested on the date of the award was $19,735 during the year ended March 31, 2026, and $19,548 during the year ended March 31, 2025.
The Company has determined the fair value of FRHC shares awarded during the years ended March 31, 2026, March 31, 2025 and March 31, 2024 using the Monte Carlo valuation model based on the following key assumptions:
Stock awards granted Term (years) Volatility Risk-free rate
October 6, 2022 3.62 47.90  % 3.24  %
March 1, 2024 4.91 36.60  % 4.18  %
April 1, 2024 4.82 36.62  % 4.36  %
April 23, 2024 4.76 36.68  % 4.65  %
June 24, 2024 4.59 36.89  % 4.31  %
July 1, 2024 4.57 36.98  % 4.47  %
July 12, 2024 1.54 37.30  % 4.64  %
August 5, 2024 4.48 37.51  % 3.64  %
August 13, 2024 4.45 37.69  % 3.70  %
October 1, 2024 4.32 37.03  % 3.51  %
February 13, 2025 3.95 35.41  % 4.35  %
February 28, 2025 4.91 36.42  % 4.03  %
April 8, 2025 3.81 35.80  % 3.78  %
May 1, 2025 1.00 37.70  % 3.98  %
May 29, 2025 4.66 38.85  % 3.98  %
August 5, 2025 3.48 38.70  % 3.66  %
October 16, 2025 0.54 47.50  % 3.77  %
October 17, 2025 4.28 37.10  % 3.55  %
November 28, 2025 3.16 38.30  % 3.50  %
December 3, 2025 0.66 42.40  % 3.65  %
February 11, 2026 4.96 37.20  % 3.75  %
The table below summarizes the activity for the Company's stock awards outstanding during the year ended March 31, 2026:
Shares Weighted
Average
Fair Value
Outstanding, March 31, 2025
1,207,307  97,748 
Granted 381,525  48,894 
Vested (610,443) (55,172)
Forfeited/cancelled/expired (74,906) (5,694)
Outstanding, March 31, 2026
903,483  85,776