Coliseum Capital reports 5.1% stake in Herc Holdings

Rhea-AI Filing Summary

Herc Holdings Inc. Schedule 13G discloses that Coliseum Capital-affiliated reporting persons beneficially own shared voting and dispositive power over multiple blocks of Common Stock totaling up to 1,702,062 shares for Coliseum Capital Management, LLC and for each of Gray and Shackelton.

Ownership percentages are calculated using 33,370,258 shares outstanding as of March 16, 2026; reported stakes include CCM 1,702,062 (5.1%), Coliseum Capital, LLC 1,412,679 (4.2%), Coliseum Capital Partners, L.P. 1,283,223 (3.8%), and Coliseum Capital Co-Invest IV, L.P. 129,456 (0.4%). The filing states shared voting/dispositive arrangements and identifies the record owners of each holder.

Key Figures

Outstanding shares used: 33,370,258 shares CCM beneficial ownership: 1,702,062 shares CCM percent of class: 5.1% +4 more

7 metrics

Outstanding shares used 33,370,258 shares as of March 16, 2026 (proxy statement basis)

CCM beneficial ownership 1,702,062 shares Coliseum Capital Management, LLC beneficial owner

CCM percent of class 5.1% calculated on 33,370,258 shares outstanding

Coliseum Capital, LLC ownership 1,412,679 shares reported beneficial ownership

Coliseum Capital Partners, L.P. ownership 1,283,223 shares record owner per filing

Co-Invest IV ownership 129,456 shares Coliseum Capital Co-Invest IV, L.P.

Separate Account record owner 289,383 shares record owner identified in group description

Key Terms

Schedule 13G, shared voting power, beneficially owned, record owner

4 terms

Schedule 13G regulatory

"Item 1. (a) Name of issuer: Herc Holdings Inc."

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

shared voting power regulatory

"Shared Voting Power 1,702,062.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

beneficially owned financial

"Amount beneficially owned: (i) CCM is the beneficial owner of 1,702,062 shares"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

record owner regulatory

"CCP is the record owner of 1,283,223 shares of Common Stock"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What stake does Coliseum Capital report in HRI (Herc Holdings)?

Coliseum Capital-affiliated entities report shared beneficial ownership of up to 1,702,062 shares (5.1%). The filing lists related holdings of 1,412,679; 1,283,223; and 129,456 shares for affiliated entities, calculated on 33,370,258 shares outstanding as of March 16, 2026.

Does the Schedule 13G for HRI show sole voting power?

No — the filing reports zero sole voting power for the reporting persons. All stated voting and dispositive authority over the disclosed shares is listed as shared power in the Schedule 13G.

How was the percent ownership in HRI calculated in this filing?

Percentages use an assumed total of 33,370,258 shares outstanding as of March 16, 2026. Each reported percentage (for example, 5.1% for CCM) is explicitly tied to that outstanding share figure reported in the issuer's proxy statement.

Who are the named reporting persons on the HRI Schedule 13G?

The filing is by Coliseum Capital Management, LLC; Coliseum Capital, LLC; Coliseum Capital Partners, L.P.; Coliseum Capital Co-Invest IV, L.P.; Adam Gray; and Christopher Shackelton. Their business address is 105 Rowayton Avenue, Rowayton, CT 06853.

Which entity is the record owner of the 1,283,223 HRI shares?

Coliseum Capital Partners, L.P. is reported as the record owner of 1,283,223 shares. The Schedule 13G lists CCP as the record owner and identifies related entities and a Separate Account holding 289,383 shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/09/2026 - 04:51 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Herc Holdings Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

42704L104

(CUSIP Number)

04/02/2026

(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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 42704L104

1

Names of Reporting Persons

Coliseum Capital 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 1,702,062.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,702,062.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,702,062.00

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)

5.1 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP Number(s): 42704L104

1

Names of Reporting Persons

Coliseum Capital, 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 1,412,679.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,412,679.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,412,679.00

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)

4.2 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP Number(s): 42704L104

1

Names of Reporting Persons

Coliseum Capital Partners, L.P.

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 1,283,223.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,283,223.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,283,223.00

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)

3.8 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP Number(s): 42704L104

1

Names of Reporting Persons

Coliseum Capital Co-Invest IV, L.P.

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 129,456.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 129,456.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

129,456.00

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)

0.4 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP Number(s): 42704L104

1

Names of Reporting Persons

Adam Gray

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 1,702,062.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,702,062.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,702,062.00

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)

5.1 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

CUSIP Number(s): 42704L104

1

Names of Reporting Persons

Christopher Shackelton

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 1,702,062.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,702,062.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,702,062.00

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)

5.1 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Herc Holdings Inc.
(b)	Address of issuer's principal executive offices: 27500 Riverview Center Blvd., Bonita Springs, Florida 34134
Item 2.
(a)	Name of person filing: This Schedule 13G is being filed on behalf of Coliseum Capital Management, LLC ("CCM"), Coliseum Capital LLC ("CC"), Coliseum Capital Partners, L.P. ("CCP"), Coliseum Capital Co-Invest IV, L.P. ("CCC IV"), Adam Gray ("Gray") and Christopher Shackelton ("Shackelton" and together with CCM, CC, CCP, CCC IV and Gray, the "Reporting Persons").
(b)	Address or principal business office or, if none, residence: The business address of the Reporting Persons is 105 Rowayton Avenue, Rowayton, CT 06853.
(c)	Citizenship: (i) CCM is a Delaware limited liability company; (ii) CC is a Delaware limited liability company; (iii) CCP is a Delaware limited partnership; (iv) CCC IV is a Delaware limited partnership; (v) Gray is a United States citizen; and (vi) Shackelton is a United States citizen.
(d)	Title of class of securities: Common Stock, par value $0.01 per share
(e)	CUSIP Number(s): 42704L104
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: (i) CCM is the beneficial owner of 1,702,062 shares of common stock, $0.01 par value per share ("Common Stock"); (ii) CC is the beneficial owner of 1,412,679 shares of Common Stock; (iii) CCP is the beneficial owner of 1,283,223 shares of Common Stock; (iv) CCC IV is the beneficial owner of 129,456 shares of Common Stock; (v) Gray is the beneficial owner of 1,702,062 shares of Common Stock; and (vi) Shackelton is the beneficial owner of 1,702,062 shares of Common Stock.
(b)	Percent of class: (i) CCM - 5.1%; (ii) CC - 4.2%; (iii) CCP - 3.8%; (iv) CCC IV - 0.4%; (v) Gray - 5.1%; and (vi) Shackelton - 5.1%. The ownership percentage of each Reporting Person has been calculated based on an assumed total of 33,370,258 shares of Common Stock issued and outstanding as of March 16, 2026, as reported in the Issuer's Proxy Statement on Schedule 14A filed with the SEC on March 27, 2026.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: (i) 0 shares of Common Stock for CCM; (ii) 0 shares of Common Stock for CC; (iii) 0 shares of Common Stock for CCP; (iv) 0 shares for CCC IV; (v) 0 shares of Common Stock for Gray; and (vi) 0 shares of Common Stock for Shackelton.
	(ii) Shared power to vote or to direct the vote: (i) 1,702,062 shares of Common Stock for CCM; (ii) 1,412,679 shares of Common Stock for CC; (iii) 1,283,223 shares of Common Stock for CCP; (iv) 129,456 shares of Common Stock for CCC IV; (v) 1,702,062 shares of Common Stock for Gray; and (vi) 1,702,062 shares of Common Stock for Shackelton.
	(iii) Sole power to dispose or to direct the disposition of: (i) 0 shares of Common Stock for CCM; (ii) 0 shares of Common Stock for CC; (iii) 0 shares of Common Stock for CCP; (iv) 0 shares for CCC IV; (v) 0 shares of Common Stock for Gray; and (vi) 0 shares of Common Stock for Shackelton.
	(iv) Shared power to dispose or to direct the disposition of: (i) 1,702,062 shares of Common Stock for CCM; (ii) 1,412,679 shares of Common Stock for CC; (iii) 1,283,223 shares of Common Stock for CCP; (iv) 129,456 shares of Common Stock for CCC IV; (v) 1,702,062 shares of Common Stock for Gray; and (vi) 1,702,062 shares of Common Stock for Shackelton.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
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)(K), so indicate under Item 3(k) 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. CCM is the investment adviser to CCP and CCC IV, each of which is an investment limited partnership. CC is the General Partner of CCP and CCC IV. Gray and Shackelton are the managers of CC and CCM. The Reporting Persons may be deemed to be members of a group with respect to the Common Stock owned of record by CCP, CCC IV and a separate account managed by CCM (the "Separate Account"). CCP is the record owner of 1,283,223 shares of Common Stock; CCC IV is the record owner of 129,456 shares of Common Stock; and the Separate Account is the record owner of 289,383 shares of Common Stock.
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.

Coliseum Capital Management, LLC

Signature:	/s/ Chivonne Cassar
Name/Title:	Chivonne Cassar/Attorney-in-fact
Date:	04/09/2026

Coliseum Capital, LLC

Signature:	/s/ Chivonne Cassar
Name/Title:	Chivonne Cassar/Attorney-in-fact
Date:	04/09/2026

Coliseum Capital Partners, L.P.

Signature:	by: Coliseum Capital, LLC, its General Partner, /s/ Chivonne Cassar
Name/Title:	Chivonne Cassar/Attorney-in-fact
Date:	04/09/2026

Coliseum Capital Co-Invest IV, L.P.

Signature:	by: Coliseum Capital, LLC, its General Partner, /s/ Chivonne Cassar
Name/Title:	Chivonne Cassar/Attorney-in-fact
Date:	04/09/2026

Adam Gray

Signature:	/s/ Chivonne Cassar
Name/Title:	Chivonne Cassar/Attorney-in-fact
Date:	04/09/2026

Christopher Shackelton

Signature:	/s/ Chivonne Cassar
Name/Title:	Chivonne Cassar/Attorney-in-fact
Date:	04/09/2026