H Partners files 13G/A on HOG; shared voting over 5.75M shares

Rhea-AI Filing Summary

H Partners Management, LLC and Rehan Jaffer filed an amended Schedule 13G/A reporting beneficial ownership of 5,750,000 shares of Harley-Davidson, Inc. common stock, representing 4.7% of the class.

The percentage is based on 121,552,837 shares outstanding as of July 30, 2025, as disclosed by the company. As of September 30, 2025, the reporting persons had shared voting power: 5,750,000 and shared dispositive power: 5,750,000, with no sole voting or dispositive power. The certification states the securities were not acquired and are not held for the purpose of changing or influencing control of the issuer.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

HARLEY-DAVIDSON, INC.

(Name of Issuer)

Common Stock, $0.01 par value

(Title of Class of Securities)

412822108

(CUSIP Number)

09/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 412822108

1

Names of Reporting Persons

H PARTNERS MANAGEMENT, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,750,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,750,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,750,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.7 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. 412822108

1

Names of Reporting Persons

JAFFER REHAN

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,750,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,750,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,750,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.7 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: HARLEY-DAVIDSON, INC.
(b)	Address of issuer's principal executive offices:
Item 2.
(a)	Name of person filing: H Partners Management, LLC ("H Partners Management") Rehan Jaffer ("Mr. Jaffer") Each of the foregoing is referred to as a "Reporting Person" and collectively as the "Reporting Persons."
(b)	Address or principal business office or, if none, residence: H Partners Management, LLC 888 Seventh Avenue, 29th Floor New York, New York 10019 Rehan Jaffer 888 Seventh Avenue, 29th Floor New York, New York 10019
(c)	Citizenship: H Partners Management: Delaware Mr. Jaffer: United States
(d)	Title of class of securities: Common Stock, $0.01 par value
(e)	CUSIP No.: 412822108
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: As of the close of business on September 30, 2025, the Reporting Persons beneficially owned an aggregate of 5,750,000 shares of Common Stock, $0.01 par value (the "Shares") of the Issuer. The filing of this Schedule 13G shall not be deemed an admission that the Reporting Persons are the beneficial owners of any securities of the Issuer that he or it does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein that he or it does not directly own.
(b)	Percent of class: The following percentages are based on 121,552,837 Shares outstanding as of July 30, 2025, which is the total number of Shares outstanding as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 6, 2025. As of the close of business on September 30, 2025, the Reporting Persons beneficially owned approximately 4.7% of the outstanding Shares.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See Cover Pages Items 5-9.
	(ii) Shared power to vote or to direct the vote: See Cover Pages Items 5-9.
	(iii) Sole power to dispose or to direct the disposition of: See Cover Pages Items 5-9.
	(iv) Shared power to dispose or to direct the disposition of: See Cover Pages Items 5-9.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. See Exhibit 99.1 to the Schedule 13G filed with the Securities and Exchange Commission on May 28, 2025.
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

H PARTNERS MANAGEMENT, LLC

Signature:	/s/ Rehan Jaffer
Name/Title:	Rehan Jaffer, Managing Member
Date:	11/14/2025

JAFFER REHAN

Signature:	/s/ Rehan Jaffer
Name/Title:	Rehan Jaffer
Date:	11/14/2025

FAQ

What stake in HOG does H Partners report in this 13G/A?

They report beneficial ownership of 5,750,000 shares, or 4.7% of Harley‑Davidson’s outstanding common stock.

As of what date are H Partners’ ownership figures in HOG measured?

The ownership is stated as of September 30, 2025; the percent is based on shares outstanding as of July 30, 2025.

How many Harley‑Davidson shares were outstanding for the percentage calculation?

The percentage is based on 121,552,837 shares outstanding as of July 30, 2025.

What voting and dispositive powers does H Partners report over HOG shares?

They report shared voting power: 5,750,000 and shared dispositive power: 5,750,000, with 0 sole power for each.

Who are the reporting persons in this HOG Schedule 13G/A?

The reporting persons are H Partners Management, LLC and Rehan Jaffer.

Does the filing indicate a passive intent under Schedule 13G?

Yes. It includes a certification that the securities were not acquired and are not held to change or influence control.