HERTZ GLOBAL HOLDINGS, INC (HTZ) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 12, 2025

Risk Assessment Details

Potential Dilution: 67.46% of current shares
Recent Dilution: 0.98% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
310M
Potential Supply
210M
Additional shares possible
Splits
None
Past 2 years

Summary

HTZ currently has 307M outstanding shares. with significant dilution risk as 207M authorized shares could dilute existing holders by 67.5%. The company has minimally diluted shareholders by 0.98% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 12, 2025

10-Q filing | 307.0M shares outstanding

310M 210M
Feb 18, 2025

10-K filing | 306.0M shares outstanding

310M 210M
Nov 12, 2024

10-Q filing | 307.0M shares outstanding

310M 210M
Aug 01, 2024

10-Q filing | 306.0M shares outstanding

310M 210M
Jun 28, 2024

8-K filing: Hertz Corp. completed an offering of $250,000,000 aggregate principal amount of its 8.000% Exchangeable Senior Second-Lien Secured PIK Notes due 2029, which are exchangeable into common stock of the company, with an initial maximum of 105,813,447 shares of Common Stock that may be issued upon exchange of the Exchangeable Notes. ($250.0M proceeds)

310M 210M
Apr 25, 2024

10-Q filing | 305.0M shares outstanding

310M 210M
Feb 12, 2024

10-K filing | 313.0M shares outstanding

310M 200M
Oct 26, 2023

10-Q filing | 311.0M shares outstanding

310M 200M
Jul 27, 2023

10-Q filing | 314.0M shares outstanding

310M 200M
Apr 27, 2023

10-Q filing | 321.0M shares outstanding

320M 190M
Feb 07, 2023

10-K filing | 322.4M shares outstanding

320M 190M
Oct 27, 2022

10-Q filing | 355.0M shares outstanding

360M 160M
Jul 28, 2022

10-Q filing | 360.3M shares outstanding

360M 150M
Apr 27, 2022

10-Q filing | 432.0M shares outstanding

430M 82M
Feb 23, 2022

10-K filing | 429.3M shares outstanding

430M 85M
Nov 05, 2021

S-1/A filing: This is an S-1/A filing related to a public offering of common stock. It includes a lock-up agreement restricting the sale or transfer of shares for 90 days after the final prospectus date, with exceptions for bona fide gifts, estate planning, and transfers upon death.

470M 41M
Nov 03, 2021

S-1/A filing: The filing is an S-1/A amendment for a common stock offering where selling stockholders are offering 37,100,000 shares. The underwriters also have an option to purchase up to an additional 5,565,000 shares of common stock.

470M 41M
Oct 28, 2021

10-Q filing | 471.0M shares outstanding

470M 430K
Oct 15, 2021

S-1 filing: This is an S-1 filing for shares of common stock being sold by selling stockholders. The underwriters have an option to purchase additional shares.

470M 0
Aug 09, 2021

10-Q filing | 471.4M shares outstanding

470M 0
Jul 07, 2021

8-K filing: The company issued shares of new common stock and warrants to purchase new common stock to former holders of existing common stock as part of its plan of reorganization.

470M 0
May 19, 2021

8-K filing: Hertz Global Holdings, Inc. entered into a Plan Support Agreement (PSA) and an Equity Purchase and Commitment Agreement (EPCA) on May 14, 2021, in connection with its proposed Third Amended Joint Chapter 11 Plan of Reorganization.

160M 0
May 07, 2021

10-Q filing | 156.0M shares outstanding

160M 0
Apr 07, 2021

8-K filing: Hertz Global Holdings, Inc. entered into a Plan Support Agreement and an Equity Purchase and Commitment Agreement as part of its proposed Chapter 11 Plan of Reorganization. ($950.0M proceeds)

150M 0
Feb 26, 2021

10-K filing | 150.0M shares outstanding

150M 0
Nov 09, 2020

10-Q filing | 156.0M shares outstanding

160M 0
Aug 10, 2020

10-Q filing | 144.0M shares outstanding

140M 0
May 11, 2020

10-Q filing | 142.0M shares outstanding

140M 0
Feb 25, 2020

10-K filing | 84.0M shares outstanding

84M 0
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