[144] Avis Budget Group, Inc. SEC Filing

Rhea-AI Filing Summary

Avis Budget Group, Inc. (CAR) – Form 144 filing discloses a proposed insider sale of 402,200 common shares through J.P. Morgan Securities. The filer intends to execute the transaction on or about 08-04-2025 on the NASDAQ.

• Aggregate market value: ≈ $65.99 million
• Shares outstanding: 35.19 million
• Sale size vs. float: ≈ 1.1 % of outstanding shares

The filing lists multiple previous share acquisitions between 2020-2024 via direct purchases, open-market buys and equity compensation. No shares have been sold by the filer in the past three months. Form 144 is a notice, not a guarantee, but it signals the insider’s intent to sell within a 90-day window, which could increase short-term supply of CAR shares.

Positive

• None.

Negative

• Proposed insider sale of 402,200 shares (~1.1 % of outstanding) may exert selling pressure and be interpreted as a bearish signal.

Insights

Securities Analyst

TL;DR Insider plans to sell 402k CAR shares (~1.1 % O/S); modest but potentially sentiment-negative.

The proposed sale equals roughly one average trading day for CAR, so technical pressure is possible if executed quickly. While the dollar value is material ($66 m), the percentage of total shares is small. Lack of recent selling history and absence of adverse disclosures reduce concern, yet investors often treat insider disposals as a caution flag, especially ahead of earnings or guidance updates. Monitor Rule 144 filings for actual sales and daily volume impact.

Corporate Governance Expert

TL;DR Filing is routine compliance; signal depends on insider role and timing relative to corporate events.

Form 144 ensures transparency for sizeable insider trades. The filer certifies no undisclosed material adverse information, mitigating legal risk. However, absent details on the insider’s position (executive, director, large shareholder) investors cannot fully gauge governance implications. If the seller is a senior officer, a >$60 m liquidation may prompt scrutiny of board alignment and succession planning.

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 Stock	J.P. Morgan Securities LLC 390 Madison Avenue - 6th Floor New York NY 10017	402200	65988954	35193504	08/04/2025	NASDAQ

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 Stock	02/10/2020	Direct purchase (with company)	Issuer			286780	02/10/2020	Cash
Common Stock	06/30/2021	Compensation	Issuer			9986	06/30/2021	Compensation
Common Stock	06/30/2021	Compensation	Issuer			36376	06/30/2021	Compensation
Common Stock	05/12/2021	Open market purchase	Issuer			13000	05/12/2021	Cash
Common Stock	06/30/2024	Compensation	Issuer			279	06/30/2024	Compensation
Common Stock	06/30/2024	Compensation	Issuer			5176	06/30/2024	Compensation
Common Stock	03/09/2024	Compensation	Issuer			704	03/09/2024	Compensation
Common Stock	03/09/2024	Compensation	Issuer			14317	03/09/2024	Compensation
Common Stock	06/30/2022	Compensation	Issuer			17359	06/30/2022	Compensation
Common Stock	06/30/2022	Compensation	Issuer			8380	06/30/2022	Compensation
Common Stock	06/10/2022	Open market purchase	Issuer			9843	06/10/2022	Cash

* 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

Nothing to Report

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

How many Avis Budget (CAR) shares are being proposed for sale?

The Form 144 covers 402,200 common shares.

What is the approximate market value of the proposed CAR share sale?

The aggregate market value is about $65.99 million.

What percentage of Avis Budget’s outstanding shares does the filing represent?

Roughly 1.1 % of the 35.19 million shares outstanding.

When could the CAR insider sell the shares?

The filing lists an approximate sale date of 08-04-2025; Form 144 covers a 90-day window.

Which broker is handling the transaction?

J.P. Morgan Securities LLC, 390 Madison Ave, New York, NY 10017.

Have there been any insider sales of CAR shares in the past three months?

No. The filing states “Nothing to Report” for the past three months.