[Form 4] Federated Hermes, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Thomas R. Donahue, identified as a Director and as VP, CFO & Treasurer of Federated Hermes, Inc. (FHI), reported a transaction on 08/28/2025 disposing of 25,525 Class B common shares (Transaction Code G). After the reported disposition the filing shows 574,948 Class B shares beneficially owned directly, plus multiple indirect holdings through trusts, partnerships and plans that together list specific amounts (for example, 421,690 via MaxFund Partners, L.P., 27,544 and 37,544 via related grantor trusts). The form was signed by an attorney-in-fact, John D. Martini, and references a Power of Attorney dated August 30, 2022.

Positive

• Continues to hold substantial direct ownership of 574,948 Class B shares after the reported transaction
• Detailed indirect ownership disclosure showing specific holdings via trusts and partnerships (for example, 421,690 shares via MaxFund Partners, L.P.)
• Power of Attorney referenced indicating delegated filing authority is documented

Negative

• Reported disposition of 25,525 Class B shares on 08/28/2025 (Transaction Code G) which reduces direct holdings
• Form does not disclose proceeds or purpose of the transaction within the provided content

Insights

Financial Analyst

TL;DR: Insider reported a sizable disposition but retains substantial direct and indirect holdings.

The Form 4 shows a disposition of 25,525 Class B shares on 08/28/2025 under Transaction Code G, with reported direct beneficial ownership of 574,948 shares remaining. The filing lists several indirect holdings by trusts and partnerships, including 421,690 shares held by MaxFund Partners, L.P., indicating the reporting person maintains concentrated exposure to the issuer despite the reported disposition. This is a routine Section 16 disclosure documenting insider trading activity and ownership structure; the document does not provide proceeds, purpose of the transaction, or market impact data.

Corporate Governance Expert

TL;DR: Disclosure is complete for the reported transaction and shows continued significant insider ownership.

The filing identifies the reporting person as both an officer (VP, CFO & Treasurer) and a director, and lists direct and multiple indirect ownership vehicles with precise share counts. The Form is signed by an attorney-in-fact and references an existing Power of Attorney, which documents delegated filing authority. There are no additional governance events, amendments, or explanatory notes beyond standard Form 4 reporting in this submission.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

DONAHUE THOMAS R

(Last) (First) (Middle)

FEDERATED HERMES, INC.

1001 LIBERTY AVENUE

(Street)

PITTSBURGH PA 15222-3779

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FEDERATED HERMES, INC. [ FHI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP, CFO & Treasurer

3. Date of Earliest Transaction (Month/Day/Year)
08/28/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class B Common Stock	08/28/2025		G		25,525	D	$0	574,948	D
Class B Common Stock								19,199	I	Held indirectly by The Thomas R. and Frances L. Donahue Grantor Dynasty Trust
Class B Common Stock								421,690	I	Held indirectly by MaxFund Partners, L.P.
Class B Common Stock								72	I	Held indirectly by 401(k) Plan
Class B Common Stock								8,095	I	Held indirectly by spouse
Class B Common Stock								27,544	I	The Fran L. Donahue Grantor Trust
Class B Common Stock								37,544	I	The Thomas R. Donahue Grantor Trust
Class B Common Stock								2,000	I	Maxfund, Inc.
Class B Common Stock								300	I	Held indirectly by Trust Agreement of Henry J. Lombard FBO Henry G. Lombard

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

The Power of Attorney dated August 30, 2022, is incorporated herein by reference.

	/s/ John D. Martini (Attorney-in-Fact)	08/28/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Thomas R. Donahue report on the Form 4 for FHI?

The Form 4 reports a disposition of 25,525 Class B shares on 08/28/2025 and lists remaining direct beneficial ownership of 574,948 shares along with several indirect holdings.

What is the reporting person’s role at Federated Hermes (FHI)?

The filing identifies Thomas R. Donahue as a Director and as an Officer (VP, CFO & Treasurer) of Federated Hermes, Inc.

Are there indirect holdings disclosed on this Form 4 for FHI?

Yes. The Form lists multiple indirect holdings, including 421,690 shares held by MaxFund Partners, L.P., and other shares held via grantor trusts, a 401(k) plan, and related entities.

Who signed the Form 4 filing for Thomas R. Donahue?

The Form 4 is signed by John D. Martini acting as Attorney-in-Fact on 08/28/2025 and references a Power of Attorney dated August 30, 2022.

Does the Form 4 state the reason or proceeds for the share disposition?

No. The provided content does not disclose the reason for the disposition or the amount of proceeds from the transaction.