Form 144: Avis Budget (CAR) proposed sale of 30,000 common shares

Rhea-AI Filing Summary

A Form 144 notice shows an insider intends to sell 30,000 shares of common stock of Avis Budget Group (CAR), acquired by RSU vesting on 03/09/2023. The filing lists an approximate sale date of 08/22/2025 and an aggregate market value of $4,648,800 for the proposed sale. It reports total shares outstanding as 35,193,504, and notes a prior sale on 08/01/2025 of 30,000 shares with reported gross proceeds of $4,948,800. The broker named is Merrill Lynch in Iselin, NJ. The filer represents they are not aware of undisclosed material adverse information. Several issuer fields (issuer name, SEC file number, and relationship to issuer) are not provided in the text.

Positive

• Disclosure of acquisition details (RSU vesting on 03/09/2023) clarifies the origin of the shares
• Broker identified (Merrill Lynch) and an approximate sale date (08/22/2025) are provided
• Certification that the seller does not know undisclosed material adverse information is included

Negative

• Issuer identification fields are missing in the provided text (issuer name and SEC file number not shown)
• Filers' relationship to the issuer is not stated, reducing clarity on affiliate status and Rule 144 aggregation implications
• Inconsistent reported amounts: aggregate market value ($4,648,800) differs from gross proceeds shown for a prior sale ($4,948,800) without explanation

Insights

Securities Analyst

TL;DR: Insider plans to dispose of 30,000 shares acquired from RSU vesting; size is measurable but not clearly material to outstanding shares.

This Form 144 discloses a proposed sale of 30,000 common shares with an aggregate market value of $4,648,800 and reported outstanding shares of 35,193,504. The shares were acquired via RSU vesting on 03/09/2023, and the filing names Merrill Lynch as broker with an approximate sale date of 08/22/2025. A prior sale on 08/01/2025 of 30,000 shares is recorded with gross proceeds of $4,948,800. The filing lacks issuer identification details and the filer’s stated relationship to the issuer, which limits interpretation of insider status and potential market impact.

Corporate Governance Expert

TL;DR: Disclosure meets Rule 144 form elements for a proposed sale but omits some issuer relationship details that investors may want.

The notice documents required items: acquisition method (RSU vesting), acquisition date (03/09/2023), and broker information. It includes a certification that no undisclosed material adverse information is known to the seller. However, the filing text provided does not specify the filer’s formal relationship to the issuer or the issuer’s identifying SEC file number. Those omissions reduce transparency about whether the seller is a statutory affiliate, which is relevant for trading windows and aggregation rules under Rule 144.

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

144: Filer Information

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

144: 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: 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 4th floor iselin NJ 08830	30000	4648800.00	35193504	08/22/2025	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: 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	03/09/2023	rsu vesting	issuer			30000	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: 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
joseph ferraro 4 knoll rd sands point NY 11050	common	08/01/2025	30000	4948800.00

144: 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 filed for CAR disclose about the proposed sale?

The filing discloses a proposed sale of 30,000 common shares with an aggregate market value of $4,648,800, an approximate sale date of 08/22/2025, and Merrill Lynch named as broker.

When and how were the shares to be sold acquired according to the filing?

The shares were acquired by RSU vesting on 03/09/2023, and the filing lists the acquisition amount as 30,000 shares.

Did the filer report any sales of the issuer's securities in the past three months?

Yes, the filing lists a prior sale on 08/01/2025 of 30,000 shares with reported gross proceeds of $4,948,800.

Does the filing state whether the seller knows of any undisclosed material adverse information?

Yes, the seller represents by signature that they do not know any material adverse information

Is the filer’s relationship to Avis Budget Group specified in this document?

No, the provided text does not specify the filer’s relationship to the issuer or the issuer’s SEC file number.