Hertz Global Hld SEC Filings

Form 4 filing overview (ZSPC): Director Pankaj Gupta reported the vesting and automatic conversion of 6,720 Restricted Stock Units (RSUs) into an equal number of shares of zSpace, Inc. common stock on July 1, 2025. The transaction is coded “M,” indicating a tax-free, cost-free conversion; the reported price is $0.00.

Following the conversion, Gupta now holds 6,720 shares directly. Table II shows he still beneficially owns 6,721 RSUs, which remain un-converted. The RSUs were originally granted on April 1, 2025 under the company’s 2024 Equity Incentive Plan and the board’s annual compensation policy.

The filing represents a routine equity award vesting rather than an open-market purchase or sale, and therefore carries limited immediate valuation impact. However, it marginally increases insider equity alignment with shareholders.

Expro Group Holdings N.V. (XPRO) filed a Form 4 disclosing equity grants to its newly reported Chief Financial Officer, Sergio L. Maiworm Jr. On 30 June 2025, the executive received two separate awards of restricted stock units (RSUs):

• 286,041 RSUs that cliff-vest on 30 June 2028.
• 42,792 RSUs that vest one-third each on 30 June 2026, 2027 and 2028.

The combined 328,833 RSUs represent the CFO’s entire reported beneficial ownership following the transactions. Both awards were granted as inducement awards under NYSE Rule 303A.08 and were acquired at $0 cost, implying no open-market purchase or sale of common stock. No derivative securities were involved, and no dispositions were reported.

The multi-year vesting schedules aim to encourage long-term value creation, while the issuance of new shares introduces a modest dilutive element. No other financial metrics, sales, or option exercises were disclosed in the filing.

BJ’s Wholesale Club Holdings, Inc. (BJ) — Form 4 insider transaction

President & CEO Robert W. Eddy filed a Form 4 for trades executed on 1 July 2025. Mr. Eddy, who is also a director, sold a total of 17,900 BJ common shares in three market transactions:

• 7,308 shares at a weighted-average $106.73
• 9,894 shares at a weighted-average $107.27
• 698 shares at a weighted-average $108.03

The weighted-average sale price range spanned $105.98–$108.07. After the sales, the CEO retains 368,333 shares held directly and 2,000 shares held indirectly through dependent children, leaving him with roughly 370k shares in total. The disposition represents ≈4.6 % of his prior direct ownership.

No derivative securities were reported. The filing does not reference a Rule 10b5-1 trading plan, so the sales appear discretionary. Investors often watch C-suite sales for sentiment signals; however, the executive continues to hold a sizeable equity stake, which may temper negative interpretations.

Hertz Global Holdings, Inc. (NASDAQ: HTZ) filed an 8-K disclosing a series of asset-backed note transactions designed to refinance and expand funding for its U.S. rental car fleet through its special-purpose subsidiary, Hertz Vehicle Financing III LLC (HVF III). The filing covers two distinct actions:

1. Amendment No. 4 to Series 2021-A Supplement: On 27 June 2025, HVF III issued $300 million of new Series 2021-A Class B Notes at a fixed rate of 9.28 %, with a commitment termination date of June 2027 and a legal final payment date of June 2028. These notes are subordinated to existing Class A tranches, effectively adding a mezzanine layer of financing within the 2021-A structure.

2. New 2025-3 and 2025-4 ABS issuances: On 30 June 2025, HVF III priced two additional series of fixed-rate Rental Car Asset-Backed Notes, aggregating $685 million:

• Series 2025-3 ($375 million): four classes with interest rates ranging from 5.06 % (Class A) to 8.55 % (Class D); expected final payment December 2028 and legal final payment December 2029.
• Series 2025-4 ($310 million): four classes with interest rates ranging from 5.41 % (Class A) to 9.34 % (Class D); expected final payment December 2030 and legal final payment December 2031.

Senior tranches in each series benefit from subordination of the junior classes. Unless an amortization event is triggered, principal repayment begins six months before the expected final payment date, providing Hertz with multi-year, largely interest-only funding.

Strategic implications: • The combined $985 million of fixed-rate ABS capital (including the amended 2021-A Class B tranche) diversifies Hertz’s liability mix, locks in rates, and extends maturities amid a higher-rate environment. • Proceeds partially retire outstanding variable-funding notes and will finance the purchase or refinancing of eligible fleet vehicles, supporting capacity requirements ahead of peak travel seasons. • Pricing reflects elevated risk premiums versus historical fleet ABS, but Hertz preserves access to securitization markets less than two years after exiting bankruptcy. • Amortization events—involving collateral coverage, liquidity, covenant compliance, or payment defaults—could accelerate repayment and require forced vehicle sales, underscoring structural risks inherent in rental-fleet ABS.

Overall, the transactions reinforce liquidity and fleet funding flexibility, albeit at higher coupon costs, and underscore continued investor appetite for Hertz’s collateralized debt structures.

Form 4 overview: Hertz Global Holdings, Inc. (HTZ) disclosed that Executive Vice-President & Chief Financial Officer Scott Haralson reported an automatic share disposition on 17 June 2025 under SEC transaction code “F”, which denotes shares withheld by the issuer solely to cover tax obligations triggered by the vesting of equity awards.

Key transaction details

• Security: Common Stock
• Shares withheld (disposed): 127,238
• Price used for withholding: $5.83 per share
• Gross market value of shares withheld: ≈ $0.74 million
• Purpose: Satisfy statutory tax withholding tied to restricted stock units (RSUs) granted on 17 June 2024

After the withholding, Haralson continues to beneficially own 1,325,461 HTZ shares held directly. The transaction does not involve open-market buying or selling and therefore does not represent an active investment decision. No derivative securities were reported.

Implications for investors: Code F filings are generally viewed as administrative and neutral because the executive neither receives cash proceeds nor indicates a change in sentiment. The remaining stake (≈1.3 million shares) shows continued alignment with shareholders. Because the transaction value is small relative to Hertz’s equity capitalization and stems from routine tax obligations, market impact should be limited.