Sec Form 4 Filing - Knighthead Capital Management, LLC @ HERTZ GLOBAL HOLDINGS, INC - 2024-06-28

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Knighthead Capital Management, LLC 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 X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 280 PARK AVENUE, 22ND FLOOR 3. Date of Earliest Transaction (MM/DD/YY) 06/28/2024 (Street) NEW YORK, NY10017 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: 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 8.000% Exchangeable Senior Second-Lien Secured PIK Notes $ 150.9388 ( 1 ) 06/28/2024 P ( 2 ) 07/15/2029( 3 ) Common Stock, $0.01 par value 356,366 ( 1 ) $ 2,361,000 $ 2,361,000 I ( 4 ) ( 10 ) See Footnotes ( 4 ) ( 10 ) 8.000% Exchangeable Senior Second-Lien Secured PIK Notes $ 150.9388 ( 1 ) 06/28/2024 P ( 2 ) 07/15/2029( 3 ) Common Stock, $0.01 par value 842,389 ( 1 ) $ 5,581,000 $ 5,581,000 I ( 5 ) ( 10 ) See Footnotes ( 5 ) ( 10 ) 8.000% Exchangeable Senior Second-Lien Secured PIK Notes $ 150.9388 ( 1 ) 06/28/2024 P ( 2 ) 07/15/2029( 3 ) Common Stock, $0.01 par value 314,556 ( 1 ) $ 2,084,000 $ 2,084,000 I ( 6 ) ( 10 ) See Footnotes ( 6 ) ( 10 ) 8.000% Exchangeable Senior Second-Lien Secured PIK Notes $ 150.9388 ( 1 ) 06/28/2024 P ( 2 ) 07/15/2029( 3 ) Common Stock, $0.01 par value 1,068,646 ( 1 ) $ 7,080,000 $ 7,080,000 I ( 7 ) ( 10 ) See Footnotes ( 7 ) ( 10 ) 8.000% Exchangeable Senior Second-Lien Secured PIK Notes $ 150.9388 ( 1 ) 06/28/2024 P ( 2 ) 07/15/2029( 3 ) Common Stock, $0.01 par value 3,984,482 ( 1 ) $ 26,398,000 $ 26,398,000 I ( 8 ) ( 9 ) ( 10 ) See Footnotes ( 8 ) ( 9 ) ( 10 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Knighthead Capital Management, LLC 280 PARK AVENUE, 22ND FLOOR NEW YORK, NY10017 X Certares Opportunities LLC 350 MADISON AVENUE, 8TH FLOOR NEW YORK, NY10017 X Signatures Knighthead Capital Management, LLC, By: /s/ Laura Torrado, as General Counsel for Knighthead Capital Management, LLC 07/02/2024 Signature of Reporting Person Date Certares Opportunities LLC, By: /s/ Tom LaMacchia, as Managing Director & General Counsel for Certares Management LLC, the sole member of Certares Opportunities LLC 07/02/2024 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The exchange rate of the 8.000% Exchangeable Senior Second-Lien Secured PIK Notes due 2029 (the "Exchangeable Notes") is initially 150.9388 shares of the issuer's Common Stock per $1,000 capitalized principal amount of Exchangeable Notes (equivalent to an initial exchange price of approximately $6.6252 per share of Common Stock). The Company can settle an exchange in common stock, cash, or a combination of cash and common stock, with cash paid in lieu of fractional shares, if applicable. ( 2 )Prior to April 15, 2029, the Exchangeable Notes will be exchangeable only upon satisfaction of certain conditions and during certain periods, as set forth in the Exchangeable Notes Indenture, dated as of June 28, 2024, among The Hertz Corporation, the guarantors named therein, and Computershare Trust Company, N.A., as trustee and as collateral agent. Thereafter, the Exchangeable Notes will be exchangeable at any time until the close of business on the second scheduled trading day immediately preceding the July 15, 2029 maturity date. ( 3 )The Exchangeable Notes will mature on July 15, 2029, unless repurchased, redeemed, or exchanged in accordance with their terms prior to maturity. ( 4 )These Exchangeable Notes are directly held by Knighthead Annuity & Life Assurance Company, for which Knighthead Capital Management, LLC ("Knighthead") serves as investment manager. ( 5 )These Exchangeable Notes are directly held by Knighthead Distressed Opportunities Fund, LP, for which Knighthead serves as investment manager. ( 6 )These Exchangeable Notes are directly held by Knighthead (NY) Fund, L.P., for which Knighthead serves as investment manager. ( 7 )These Exchangeable Notes are directly held by Knighthead Master Fund, LP, for which Knighthead serves as investment manager. ( 8 )These Exchangeable Notes are directly held by CK Opportunities Fund I, LP. Knighthead Opportunities Capital Management, LLC ("Knighthead Opportunities") and Certares Opportunities LLC ("Certares") serve as investment managers ("Investment Managers") to CK Opportunities Fund I, LP, pursuant to the Investment Management Agreement, effective as of October 21, 2020, by and among each of Knighthead Opportunities, Certares, CK Opportunities Fund I, LP, and CK Opportunities GP, LLC, the general partner of CK Opportunities Fund I, LP. ( 9 )Investment decisions with respect to securities held by CK Opportunities Fund I, LP are made by an investment committee of the Investment Managers, which committee includes Colin Farmer, Andrew Shannahan, Michael Gregory O'Hara and Thomas Wagner, who are members of the issuer's board of directors, and Ara D. Cohen. The committee is empowered to vote or dispose of the shares on behalf of CK Opportunities Fund I, LP, and as a result, each of Mr. Farmer, Mr. Shannahan, Mr. O'Hara, Mr. Wagner, and Mr. Cohen may be attributed beneficial ownership of the reported securities. Each of Mr. Farmer, Mr. Shannahan, Mr. O'Hara, Mr. Wagner, and Mr. Cohen disclaims beneficial ownership of the reported securities except to the extent of their respective pecuniary interests therein, as applicable. ( 10 )Each reporting person disclaims beneficial ownership of the reported securities except to the extent of its respective pecuniary interests therein, as applicable.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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