| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | HTZ | 8.000% Exchangeable Senior Second-Lien Secured PIK Notes | Purchase | $2,361,000 | $2,361,000 | 28 Jun 2024 | Common Stock, $0.01 par value | 356,366 | $150.94 | See Footnotes | F1, F2, F3, F4, F10 | |||
| transaction | HTZ | 8.000% Exchangeable Senior Second-Lien Secured PIK Notes | Purchase | $5,581,000 | $5,581,000 | 28 Jun 2024 | Common Stock, $0.01 par value | 842,389 | $150.94 | See Footnotes | F1, F2, F3, F5, F10 | |||
| transaction | HTZ | 8.000% Exchangeable Senior Second-Lien Secured PIK Notes | Purchase | $2,084,000 | $2,084,000 | 28 Jun 2024 | Common Stock, $0.01 par value | 314,556 | $150.94 | See Footnotes | F1, F2, F3, F6, F10 | |||
| transaction | HTZ | 8.000% Exchangeable Senior Second-Lien Secured PIK Notes | Purchase | $7,080,000 | $7,080,000 | 28 Jun 2024 | Common Stock, $0.01 par value | 1,068,646 | $150.94 | See Footnotes | F1, F2, F3, F7, F10 | |||
| transaction | HTZ | 8.000% Exchangeable Senior Second-Lien Secured PIK Notes | Purchase | $26,398,000 | $26,398,000 | 28 Jun 2024 | Common Stock, $0.01 par value | 3,984,482 | $150.94 | See Footnotes | F1, F2, F3, F8, F9, F10 |
| Id | Content |
|---|---|
| F1 | 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. |
| F2 | 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. |
| F3 | The Exchangeable Notes will mature on July 15, 2029, unless repurchased, redeemed, or exchanged in accordance with their terms prior to maturity. |
| F4 | These Exchangeable Notes are directly held by Knighthead Annuity & Life Assurance Company, for which Knighthead Capital Management, LLC ("Knighthead") serves as investment manager. |
| F5 | These Exchangeable Notes are directly held by Knighthead Distressed Opportunities Fund, LP, for which Knighthead serves as investment manager. |
| F6 | These Exchangeable Notes are directly held by Knighthead (NY) Fund, L.P., for which Knighthead serves as investment manager. |
| F7 | These Exchangeable Notes are directly held by Knighthead Master Fund, LP, for which Knighthead serves as investment manager. |
| F8 | 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. |
| F9 | 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. |
| F10 | Each reporting person disclaims beneficial ownership of the reported securities except to the extent of its respective pecuniary interests therein, as applicable. |