[Form 4] HERTZ GLOBAL HOLDINGS, INC Insider Trading Activity

Rhea-AI Filing Summary

Hertz Global Holdings, Inc. insider Mark Kosman received 131,500 restricted stock units on 10/01/2025. The grant is reported as non‑derivative common stock and carries a reported price of $0, which reflects time‑based vesting rather than a cash purchase. After the grant, Kosman beneficially owns 131,500 shares directly. Portions of the award vest in approximately equal installments over three years, with one tranche scheduled to vest on 3/3/2026, 3/3/2027, and 3/3/2028, and another set vesting on each of the first three anniversaries of the grant, all subject to continued employment.

Positive

• Retention-focused award of 131,500 RSUs supports executive continuity
• Clear vesting schedule with specific dates (3/3/2026, 3/3/2027, 3/3/2028) enhances transparency
• Reported as direct ownership, simplifying investor view of insider holdings

Negative

• No performance-based vesting disclosed; award appears solely time‑based
• Potential dilution of existing shareholders when RSUs vest and shares are issued

Insights

Compensation Analyst

Grant aligns executive pay with shareholder outcomes via time‑based RSUs.

The award of 131,500 restricted stock units is a standard time‑based retention tool that vests over three years, tying a portion of compensation to continued service and potential share price performance before vesting. The reported price of $0 indicates these are grants, not market purchases.

Key dependencies include continued employment through each vesting date and company stock performance; monitor the vesting schedule through 3/3/2028 for full realization and any subsequent disposal reported on future Forms 4.

Corporate Governance Expert

Disclosure is routine and complies with Section 16 reporting for officers.

The Form 4 lists Kosman as SVP and Chief Accounting Officer and reports direct beneficial ownership of 131,500 shares following the grant. The filing documents vesting mechanics and uses standard explanatory remarks, meeting transparency expectations for insider compensation events.

Watch for any future amendments or sales by the reporting person; subsequent Forms 4 would show exercises, sales, or changes in ownership that could affect insider ownership levels.

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^*

Kosman Mark

(Last) (First) (Middle)

8501 WILLIAMS ROAD

(Street)

ESTERO FL 33928

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
HERTZ GLOBAL HOLDINGS, INC [ HTZ ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP, Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

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	10/01/2025		A		131,500(1)	A	$0	131,500	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

Explanation of Responses:

1. Represents grants of restricted stock units, one of which vests (in approximately equal installments) on the first, second, and third anniversaries of their grant date and the other which vests (in approximately equal installments) on March 3, 2026, March 3, 2027, and March 3, 2028, in each case, subject to the Reporting Person's continued employment through each such vesting date.

Remarks:

	Adrian S. Nasr, by Power of Attorney on behalf of Mark Kosman	10/10/2025
	** 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 Mark Kosman report on Form 4 for HTZ?

The filing reports receipt of 131,500 restricted stock units on 10/01/2025, increasing his direct beneficial ownership to 131,500 shares.

When do the restricted stock units vest for the HTZ grant?

Portions vest in approximately equal installments over three years, with scheduled vesting dates including 3/3/2026, 3/3/2027, and 3/3/2028, and another tranche on each of the first three anniversaries of the grant.

Was there a cash price paid for the HTZ shares in the Form 4 transaction?

No cash was reported; the transaction lists a price of $0, indicating these were granted RSUs rather than a market purchase.

How does this filing affect insider ownership disclosure for HTZ?

It increases disclosed direct beneficial ownership by 131,500 shares for the reporting officer, subject to vesting conditions.

Who signed the Form 4 on behalf of the reporting person?

The form was signed by Adrian S. Nasr under power of attorney on 10/10/2025.