[144/A] AVIS BUDGET GROUP, INC. SEC Filing

Rhea-AI Filing Summary

Avis Budget Group insider notice reports a proposed sale of 35,000 common shares through Merrill Lynch with an aggregate market value of $5,451,971.28, based on the filer’s entry. The shares represent approximately 0.10% of the outstanding common stock reported as 35,193,504. The securities were acquired on 03/09/2023 via RSU vesting and payment is listed as RSU vesting. The filing also discloses two recent sales by the same person: 30,000 shares on 08/22/2025 for gross proceeds of $4,648,800 and 30,000 shares on 08/01/2025 for gross proceeds of $4,948,800. The filer signs a representation that no material nonpublic information is known.

Positive

• Transaction disclosed under Rule 144/A, providing transparency about insider sales
• Securities were acquired via RSU vesting, indicating the sale originates from vested compensation rather than external purchases
• Filer affirms no known material nonpublic information at time of notice

Negative

• Insider has made multiple recent sales (30,000 shares on 08/01/2025 and 30,000 shares on 08/22/2025), which could prompt investor questions about insider liquidity
• Aggregate market value of the proposed sale is substantial ($5,451,971.28), which may be noted by market participants even if percentage of float is small

Insights

Securities Analyst

TL;DR: Insider sales are disclosed and appear routine for vested RSUs, representing a small fraction of outstanding shares.

The filing shows a proposed sale of 35,000 shares tied to RSU vesting and two recent dispositions of 30,000 shares each in August 2025. The proposed sale equals roughly 0.10% of the reported outstanding share count, which is unlikely to be materially dilutive. The transactions appear to be standard insider liquidity from equity compensation rather than unusual market activity. Investors should note the timing and aggregate proceeds disclosed but the numbers do not indicate a large, company-altering disposition based solely on this filing.

Corporate Governance Expert

TL;DR: Disclosure follows Rule 144 conventions; signer affirms absence of undisclosed material information.

The form documents that the shares were acquired via RSU vesting and will be sold through a broker, consistent with routine insider liquidity. The filer’s representation that no material nonpublic information is known is standard and required. The presence of prior recent sales (two 30,000-share transactions in August 2025) is relevant for governance transparency but, given the reported outstanding share count, does not by itself indicate a governance or disclosure failure.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144/A

144/A: Filer Information

Filer CIK
Filer CCC
Previous Accession Number Of The Filing
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144/A: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144/A: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Merrill Lynch 194 Wood Ave S Suite 400 Iselin NJ 08830	35000	5451971.28	35193504	09/12/2025	nyse

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144/A: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common shares	03/09/2023	RSU vesting	issuer			35000	03/09/2023	rsu vesting

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144/A: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Joe Ferraro 6 Sylvan Way Parsippany NJ 07054	Common	08/22/2025	30000	4648800
Joe Ferraro 6 Sylvan Way Parsippany NJ 07054	common	08/01/2025	30000	4948800

144/A: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144/A for AVIS BUDGET GROUP (CAR) disclose?

The form discloses a proposed sale of 35,000 common shares via Merrill Lynch valued at $5,451,971.28, acquired on 03/09/2023 by RSU vesting.

How many shares has the insider recently sold in 2025 according to this filing?

The filing reports two sales in August 2025: 30,000 shares on 08/01/2025 and 30,000 shares on 08/22/2025.

What percentage of outstanding shares does the proposed 35,000-share sale represent?

Based on the reported outstanding shares of 35,193,504, the proposed sale equals roughly 0.10% of outstanding common stock.

How were the shares to be sold originally acquired?

The securities were acquired through RSU vesting on 03/09/2023, and the payment/nature is listed as RSU vesting.

Does the filer state they possess any undisclosed material information?

The filer signs a standard representation stating they do not know any material adverse information regarding the issuer that has not been publicly disclosed.