FEDERATED HERMES, INC. — Director's Dealing 2020

Sep 28, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FEDERATED HERMES, INC. (FHI)
CIK: 0001056288
Period of Report: 2020-09-25

Reporting Person: DONAHUE J CHRISTOPHER (Director, Chairman, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-09-25	Class B Common Stock	J	156	$0.00	Disposed	1436840	Direct
2020-09-25	Class B Common Stock	J	1010	$0.00	Disposed	476502	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	154296	Indirect
Class B Common Stock	5819	Indirect

Footnotes

F1: On or around September 25, 2020, the reporting person contributed 156 shares of Federated Hermes, Inc. Class B Common Stock ("FHI") to an entity in which the reporting person has a limited partnership interest (the "Contribution"). The reporting person did not receive any consideration for the Contribution and the Contribution did not involve any public sale of shares.

F2: On or around September 25, 2020, Comax Partners L.P. (d/b/a The Beechwood Company, L.P.) ("Comax") made two separate distributions of shares of FHI to all of its limited partners on a pro-rata basis (the "Distributions"). The Distributions did not involve any public sale of shares. As a result of the Distributions, the number of shares of FHI directly owned by the reporting person increased by a total of 2,298 shares (156 and 2,142 respectively).

F3: The reporting person is not a controlling shareholder of AWOL, Inc. and does not have or share investment control over its portfolio securities. As such, the reporting person will no longer report an indirect interest in the shares of FHI held by AWOL, Inc.

F4: As a result of the Distributions described in Footnote 2, the number of shares of FHI owned by The John F. and Rhodora J. Donahue Joint Revocable Trust (the "JF/RJD Joint Trust"), in which the reporting person has an indirect interest, increased by a total of 14,813 shares (1,010 and 13,803 respectively). On or around September 25, 2020, the JF/RJD Joint Trust contributed 1,010 shares of FHI to an entity in which the JF/RJD Joint Trust has a limited partnership interest. The JF/RJD Joint Trust did not receive any consideration for the contribution and the contribution did not involve any public sale of shares. The reporting person disclaims beneficial ownership of the shares of FHI held by the JF/RJD Joint Trust except to the extent of his pecuniary interest therein.

F5: The 5,819 shares of FHI previously owned by the John F. Donahue Revocable Trust, in which the reporting person had an indirect interest, have been transferred to the JF/RJD Joint Trust, in which the reporting person also has an indirect interest. The transfer did not involve any public sale of shares. The reporting person disclaims beneficial ownership of the shares of FHI held by the JF/RJD Joint Trust except to the extent of his pecuniary interest therein.

F6: As a result of the Distributions described in Footnote 2, the number of shares of FHI in which the reporting person has an indirect interest due to his interest in Comax decreased by 123,805 shares. The reporting person disclaims beneficial ownership of the shares of FHI held by Comax except to the extent of his pecuniary interest therein.