FEDERATED HERMES, INC.
For the period ended Sep 30, 2026. Filed Oct 30, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Oct 30, 2026
What changed in Risk Factors?
Read the current filingPrevious report: 10-Q
Period ended 2026-06-30; filed 2026-07-31.
0001056288-26-000026
Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsCurrent report: 10-Q
Period ended 2026-09-30; filed 2026-10-30.
0001056288-26-000030
Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 12 previous paragraphs and 11 current paragraphs.
7 unchanged; 2 reworded; 2 added; 3 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 1 previous and 1 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
The current filing states there were no material changes to risk factors.
This is the filer’s own statement, not a conclusion from the comparison. Read its qualifications and the report it references.
Current filing’s statement
There are no material changes to the risk factors included in Federated Hermes’ Annual Report on Form 10-K for the year ended December 31, 2025.
Added paragraphs (2)
Current report
(a) not applicable.
Current report
(b) not applicable.
Removed paragraphs (3)
Previous report
On April 9, 2026, in connection with the closing of Federated Hermes’ acquisition of an 80% interest in FCP, Federated Hermes issued 406,150 shares of its Class B common stock, no par value, to the FCP selling parties as partial consideration for the transaction. The shares had an aggregate fair value of approximately $23.1 million on the closing date. No underwriters or placement agents were involved, and no underwriting discounts or commissions were paid, in connection with the issuance.
Previous report
The issuance was not conducted through a general solicitation or advertising. The issuance of the shares was exempt from registration pursuant to the exemption for transactions by an issuer not involving any public offering under Section 4(a)(2) of the Securities Act. Each of the recipients of shares in this issuance represented to Federated Hermes that it is an “accredited investor” as defined in Rule 501(a) of Regulation D under the Securities Act, that it had adequate access to information about Federated Hermes, and that the acquired stock was acquired for each selling parties’ own account, for investment purposes only, and not with a present view towards the public sale or distribution thereof within the meaning of the Securities Act. The shares issued bear appropriate legends.
Previous report
No cash proceeds were received by Federated Hermes in connection with this issuance, as the shares were issued solely as non-cash consideration for the acquisition.
Reworded paragraphs (2)
Previous wording
The following table summarizes stock repurchases under Federated Hermes’ share repurchase program during the second quarter 2026.
Current wording
(c) The following table summarizes stock repurchases under Federated Hermes’ share repurchase program during the third quarter 2026.
Previous wording
2 In April, May, and June 2026, 21,510, 27,667 and 10,628 shares of Class B common stock with a weighted-average price per share of $2.24, $1.79 and $1.69 were repurchased as a result of employee-forfeited restricted stock.
Current wording
2 In July, August, and September 2026, 7,758, 40,225 and 4,750 shares, respectively, of Class B common stock with a weighted-average price per share of $0.00, $3.00 and $3.00, respectively, were repurchased as a result of employee-forfeited restricted stock.