[Form 4] Hertz Global Holdings Warrants Insider Trading Activity

Rhea-AI Filing Summary

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.

Positive

• Executive retains 1,325,461 shares, maintaining meaningful ownership and alignment with shareholders.

Negative

• 127,238 shares were disposed, albeit for tax withholding purposes, slightly reducing insider ownership.

Insights

Securities Analyst

TL;DR — Routine tax withholding; neutral signal for HTZ.

The filing documents a code F disposition: 127,238 shares withheld to settle taxes on vested RSUs. Such events do not involve a cash sale and are mechanically required. Haralson retains a substantial 1.3 million-share position, indicating ongoing exposure to the company’s equity. From an insider-trading-signal perspective, investors typically discount code F events because they neither express optimism nor pessimism. Given the modest $0.74 million notional value versus Hertz’s market cap, I rate the disclosure neutral (impact 0).

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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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^*

Haralson Scott

(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)
	EVP, Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2025

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	06/17/2025		F		127,238(1)	D	$5.83	1,325,461	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 shares of Hertz Global Holdings, Inc. common stock that were withheld to satisfy certain tax withholding obligations related to the vesting of restricted stock units that were granted on June 17, 2024.

Remarks:

	Tonya M. Smith, by Power of Attorney for Scott Haralson	06/20/2025
	** 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).
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FAQ

How many Hertz (HTZ) shares did CFO Scott Haralson dispose of?

He had 127,238 shares withheld by the company to pay taxes on vested RSUs.

What was the transaction price disclosed in the Form 4?

The shares were valued at $5.83 per share for withholding purposes.

Does this filing indicate a change in insider sentiment toward Hertz?

No. The code F transaction reflects routine tax withholding; it is generally considered neutral.

How many Hertz shares does the CFO still own after the transaction?

After the withholding, he beneficially owns 1,325,461 shares directly.

Were any derivative securities reported in this Form 4?

No. No options, warrants or other derivatives were listed in the filing.