HOG Form 4: 4,136 shares sold; post-trade holdings at 183

Rhea-AI Filing Summary

Harley-Davidson (HOG): Form 4 insider activity. A company officer (Sr. Vice President, HDFSI) reported equity transactions. On 10/31/2025, 4,655 shares were acquired via an RSU conversion (code M) at $0. Also on 10/31/2025, 1,483 shares were withheld to cover taxes (code F) at $26.65. On 11/07/2025, 4,136 shares were sold (code S) at $25.51. Following these transactions, the officer directly beneficially owned 183 shares.

The filing notes it was submitted late due to inadvertent administrative error. The RSU award vests 50% on the second anniversary of grant and 50% on the third anniversary; each RSU equals one share when vested.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 4 txns

Insider Do Charles

Role Sr. Vice President, HDFSI

Sold 4,136 shs ($106K)

Approx. gross sale proceeds $106K

Approx. exercise cost $0.00

Type	Security	Shares	Price	Value
Sale	Common Stock	4,136	$25.51	$106K
Exercise	Restricted Stock Units	4,655	$0.00	$0.00
Exercise	Common Stock	4,655	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	1,483	$26.65	$40K

Holdings After Transaction: Restricted Stock Units — 4,656 shares (Direct); Common Stock — 183 shares (Direct)

Footnotes (3)

1. F1. This transaction is being filed late due to inadvertent administrative error.
2. F2. Represents shares withheld by the issuer to cover tax withholding obligations upon vesting of a restricted stock unit award.
3. F3. Each restricted stock unit represents a contingent right to receive one share of stock. 50% of the units granted vest on the second anniversary of the date of grant. The remaining 50% of the units granted vest on the third anniversary of the date of the grant. Units are subject to forfeiture until vested.

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Accepted by SEC EDGAR 11/12/2025 - 04:15 PM Learn about SEC filing dates

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
Estimated average burden
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^*

Do Charles

(Last) (First) (Middle)

HARLEY-DAVIDSON, INC.

3700 WEST JUNEAU AVENUE

(Street)

MILWAUKEE WI 53208

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
HARLEY-DAVIDSON, INC. [ HOG ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Sr. Vice President, HDFSI

3. Date of Earliest Transaction (Month/Day/Year)
10/31/2025

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
Common Stock	10/31/2025(1)		M		4,655	A	$0	5,802	D
Common Stock	10/31/2025(1)		F		1,483(2)	D	$26.65	4,319	D
Common Stock	11/07/2025		S		4,136	D	$25.51	183	D

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
Restricted Stock Units	$0	10/31/2025(1)		M			4,655	10/31/2025(3)	10/31/2026(3)	Common Stock	4,655	$0	4,656	D

Explanation of Responses:

1. This transaction is being filed late due to inadvertent administrative error.

2. Represents shares withheld by the issuer to cover tax withholding obligations upon vesting of a restricted stock unit award.

3. Each restricted stock unit represents a contingent right to receive one share of stock. 50% of the units granted vest on the second anniversary of the date of grant. The remaining 50% of the units granted vest on the third anniversary of the date of the grant. Units are subject to forfeiture until vested.

Remarks:

	/s/ Paul J. Krause, as Power of Attorney	11/12/2025
	** 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.