SCHEDULE: Hertz Global Holdings: Ownership Update Filed

Hertz Global Holdings reports an administrative update to its Schedule 13D filing, reflecting a change in beneficial ownership percentage to 50.9% due to an adjustment in outstanding shares.

Summary

• This filing is an amendment (Amendment No. 10) to a previously filed Schedule 13D concerning Hertz Global Holdings, Inc. (the 'Issuer').
• The amendment primarily updates the beneficial ownership percentage of common stock held by the reporting persons (CK Amarillo LP, CK Amarillo GP, LLC, Certares Opportunities LLC, and Knighthead Capital Management, LLC).
• The reporting persons collectively beneficially own 181,455,469 shares of Common Stock.
• This ownership represents approximately 50.9% of the Issuer's Common Stock.
• The change in percentage is solely due to an adjustment in the total number of outstanding shares of Common Stock, as reported by the Issuer in its Form 10-Q filed on August 6, 2026, which reflected 356,451,393 shares outstanding as of July 30, 2026.
• No other material changes or transactions within the prior 60 days are disclosed.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, primarily an administrative update regarding beneficial ownership percentages due to a change in outstanding shares, rather than a significant operational or strategic development.

Positives

• The reporting persons maintain a significant controlling stake (50.9%) in Hertz Global Holdings, indicating continued influence and commitment.
• The update confirms the stability of the reporting persons' substantial shareholding, despite adjustments in the overall share count.

Negatives

• The filing does not contain any new operational, financial, or strategic information, making it purely an administrative update.
• The change in percentage is a result of external reporting by the issuer, not an active change in the reporting persons' holdings.

Risks

• The filing does not explicitly mention any new risks. However, the concentration of over 50% ownership by a single group could be perceived as a risk by minority shareholders if the group's interests diverge from theirs.
• The reliance on the Issuer's reported outstanding shares for percentage calculation means any inaccuracies in the Issuer's reporting could affect the reported ownership percentage.

Future Outlook

The filing does not contain any forward-looking statements or guidance. It is an administrative update regarding beneficial ownership.

Industry Context

StockSavvy.ai notes that Schedule 13D filings are common for significant investors accumulating or maintaining substantial stakes in public companies. This particular filing is an administrative update, indicating a change in the calculated ownership percentage due to the issuer's reported share count, rather than a change in the reporting persons' actual holdings or strategy.

Stakeholder Impact

• Shareholders: The filing confirms a significant controlling interest by a specific group, which may influence corporate governance and strategic decisions. Minority shareholders should be aware of the concentration of power.
• Creditors: Continued stability in major ownership could be viewed positively, suggesting a consistent strategic direction for the company.

Next Steps

• The reporting persons will continue to monitor the Issuer's disclosures and may file further amendments to the Schedule 13D as required by law.

Key Dates

Keywords

Hertz Global Holdings, Schedule 13D, Beneficial Ownership, CK Amarillo LP, Knighthead Capital Management, Certares Opportunities LLC, Common Stock, Ownership Percentage