SCHEDULE 13G 0001364412 XXXXXXXX LIVE Common Stock, $0.01 par value 05/28/2025 0000793952 HARLEY-DAVIDSON, INC. 412822108 3700 W JUNEAU AVE MILWAUKEE WI 53208 Rule 13d-1(c) H PARTNERS MANAGEMENT, LLC b DE 0.00 11300000.00 0.00 11300000.00 11300000.00 N 9.3 OO JAFFER REHAN b X1 0.00 11300000.00 0.00 11300000.00 11300000.00 N 9.3 IN HARLEY-DAVIDSON, INC. 3700 W JUNEAU AVE, MILWAUKEE, WISCONSIN 53208 H Partners Management, LLC ("H Partners Management") Rehan Jaffer ("Mr. Jaffer") Each of the foregoing is referred to as a "Reporting Person" and collectively as the "Reporting Persons." H Partners Management, LLC 888 Seventh Avenue, 29th Floor New York, New York 10019 Rehan Jaffer 888 Seventh Avenue, 29th Floor New York, New York 10019 H Partners Management: Delaware Mr. Jaffer: United States Y As of the close of business on May 28, 2025, the Reporting Persons beneficially owned an aggregate of 11,300,000 shares of Common Stock, $0.01 par value (the "Shares") of the Issuer. The filing of this Schedule 13G shall not be deemed an admission that the Reporting Persons are the beneficial owners of any securities of the Issuer that he or it does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein that he or it does not directly own. The Reporting Persons initially filed a Schedule 13G with respect to the securities of the Issuer on February 16, 2021. Subsequently, on December 7, 2021, the Reporting Persons' investment intent changed with respect to the securities of the Issuer and the Reporting Persons filed a Schedule 13D on December 16, 2021, and subsequent amendments in accordance with Rule 13d-1(e) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). As of May 28, 2025, the Reporting Persons no longer hold securities of the Issuer with a purpose or effect of changing or influencing control of the Issuer, or in connection with or as a participant in any transaction having that purpose or effect. Accordingly, the Reporting Persons are filing this statement on Schedule 13G pursuant to Rule 13d-1(c) of the Exchange Act in accordance with Rule 13d-1(h) of the Exchange Act. The following percentages are based on 121,487,659 Shares outstanding as of April 29, 2025, which is the total number of Shares outstanding as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 6, 2025. As of the close of business on May 28, 2025, the Reporting Persons beneficially owned approximately 9.3% of the outstanding Shares. See Cover Pages Items 5-9. See Cover Pages Items 5-9. See Cover Pages Items 5-9. See Cover Pages Items 5-9. Y Y Y N See Exhibit 99.1. Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. 99.1 - Joint Filing Agreement, dated May 28, 2025. H PARTNERS MANAGEMENT, LLC /s/ Rehan Jaffer 05/28/2025 JAFFER REHAN /s/ Rehan Jaffer 05/28/2025