[Form 4] Hertz Global Holdings Warrants Insider Trading Activity

Rhea-AI Filing Summary

Eric Leef, Executive Vice President and Chief HR Officer of Hertz Global Holdings, reported a sale of 21,458 shares of Common Stock on 08/27/2025 at a weighted average price of $5.6727 per share. Following the reported disposition, the reporting person beneficially owned 398,518 shares. The sale was executed in multiple transactions at prices ranging from $5.6600 to $5.6900, and the filer disclosed that detailed per-price quantities will be provided on request. The Form 4 was signed by a power of attorney on 08/29/2025.

Positive

• Continued substantial ownership: Reporting person still beneficially owns 398,518 shares after the sale, indicating retained alignment with shareholders
• Detailed price disclosure: Weighted average and price range ($5.6600 to $5.6900) provided and offer to supply per-transaction quantities on request

Negative

• Insider disposition: Sale of 21,458 shares by an executive officer and director may be viewed negatively by some investors
• Limited information on motivation: Filing does not state a reason for the sale, providing no context beyond the transactions themselves

Insights

Securities Analyst

TL;DR Insider sale of a modest stake; no new derivative activity reported and a substantial residual holding remains.

The Form 4 discloses a straightforward open-market sale of 21,458 common shares by an executive officer and director at a weighted average price of $5.6727. No options, warrants, or other derivative transactions are reported. The remaining beneficial ownership of 398,518 shares suggests continued exposure to the issuer's equity while realizing liquidity. This disclosure is routine and provides transparency on insider trading but does not by itself indicate material corporate developments.

Corporate Governance Expert

TL;DR Routine compliance filing showing an officer sold shares; documentation and POA signature are in order.

The filing identifies the reporting person as an EVP and Chief HR Officer who is also listed as a director. The sale was reported on Form 4 with an attached Power of Attorney signature, which meets filing formalities. The range of transaction prices and the commitment to provide per-transaction quantities on request reflect adequate disclosure practices. From a governance perspective this is a standard insider sale with no flagged governance concerns in the filing itself.

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
Estimated average burden
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^*

Leef Eric

(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 HR Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/27/2025

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	08/27/2025		S		21,458	D	$5.6727(1)	398,518	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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.6600 to $5.6900, inclusive. The reporting person has provided to the issuer, and will provide, upon request, to the staff of the U.S. Securities and Exchange Commission or any security holder of the issuer information regarding the number of shares sold at each separate price within the range set forth in this Form 4.

Remarks:

Ex. 24 - Power of Attorney is attached.

	Adrian S. Nasr, by Power of Attorney for Eric Leef	08/29/2025
	** 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 the Form 4 for HTZWW disclose about Eric Leef's transactions?

The Form 4 reports that Eric Leef sold 21,458 shares of Common Stock on 08/27/2025 at a weighted average price of $5.6727, leaving him with 398,518 shares.

At what prices were the HTZ shares sold in the reported transaction?

The shares were sold in multiple transactions at prices ranging from $5.6600 to $5.6900; the Form reports a weighted average price of $5.6727.

Does the filing show any options, warrants, or other derivative transactions for the reporting person?

No. Table II (derivative securities) shows no reported transactions; only a non-derivative common stock sale is disclosed.

Who signed the Form 4 and when was it signed?

The Form 4 was signed by Adrian S. Nasr by Power of Attorney for Eric Leef on 08/29/2025.

What is Eric Leef's role at the issuer according to the Form 4?

The Form 4 lists Eric Leef as an Executive Vice President, Chief HR Officer and indicates he is a director.