SCHEDULE: Hertz Major Shareholders Update 58.1% Stake

An amendment to Schedule 13D reveals that a group of investors continues to beneficially own 58.1% of Hertz Global Holdings, Inc. common stock.

Summary

• CK Amarillo LP, CK Amarillo GP, LLC, Certares Opportunities LLC, and Knighthead Capital Management, LLC, as a group, beneficially own 181,455,469 shares of Hertz Global Holdings, Inc. Common Stock.
• This represents approximately 58.1% of the Issuer's Common Stock.
• The percentage is based on 312,360,678 shares of Common Stock outstanding as of February 19, 2026, as reported in Hertz's annual report on Form 10-K filed on February 26, 2026.
• The filing is an Amendment No. 9 to the original Schedule 13D, primarily reflecting a change in the reported percentage due to the updated number of outstanding shares from the Issuer's Form 10-K.
• There are no other material changes to previously reported information or transactions within the prior 60 days to disclose by the reporting persons.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral-to-slightly-positive update. While administrative, the continued significant stake by major investors suggests ongoing confidence in Hertz, with no negative changes reported by the group.

Positives

• The reporting group maintains a significant ownership stake of 58.1%, indicating continued strong conviction in Hertz Global Holdings, Inc.

Negatives

• No specific negative information was disclosed in this administrative filing.

Risks

• No new or specific risks were mentioned in this amendment to the Schedule 13D.

Future Outlook

This filing does not contain any forward-looking statements or guidance from the reporting persons, as it is an update to beneficial ownership based on the issuer's reported outstanding shares.

Industry Context

StockSavvy.ai notes that Schedule 13D amendments are routine for significant shareholders, especially when the issuer's total outstanding shares change. This filing reflects an administrative update rather than a strategic shift or new transaction by the reporting group, which includes prominent investment firms like Certares and Knighthead Capital, known for their involvement in the travel and leisure sectors. The continued high ownership percentage by this group suggests ongoing strategic interest in Hertz, a major player in the global car rental industry.

Stakeholder Impact

• Shareholders: Provides updated information on the beneficial ownership of a significant institutional group, confirming their continued large stake in the company.
• Management: No direct impact on management, but reinforces the presence of major institutional investors on the cap table.

Key Dates

Recommendation

This filing is an administrative update to a Schedule 13D, reflecting a change in the reported ownership percentage due to an update in the issuer's outstanding shares, not due to new transactions by the reporting group. It does not contain new information that would fundamentally alter the investment thesis for Hertz Global Holdings, Inc. The significant ownership stake by the reporting group remains consistent, suggesting a 'hold' recommendation as there's no new catalyst for a 'buy' or 'sell' based solely on this filing.

Keywords

Hertz Global Holdings, HTZ, Schedule 13D, Beneficial Ownership, Institutional Investors, CK Amarillo, Certares, Knighthead Capital, Common Stock