Avis Budget (CAR) EVP granted 2,394 RSUs and nets additional shares

Rhea-AI Filing Summary

AVIS BUDGET GROUP, INC. executive Ravi Simhambhatla reported routine equity compensation activity. On March 12, he received a grant of 2,394 restricted stock units, each eligible to convert into one share of common stock. These units vest in three equal installments on March 12 of 2026, 2027 and 2028.

On the same date, 2,394 shares of common stock were acquired through the vesting and conversion of previously granted restricted stock units, with 751 of those shares withheld at a price of $99.56 per share to cover tax obligations. After these transactions, he directly holds 16,435 shares of common stock and 4,790 restricted stock units.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Simhambhatla Ravi

Role EVP, CDIO - see remarks

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	2,394	$0.00	--
Exercise	Common Stock	2,394	$0.00	--
Tax Withholding	Common Stock	751	$99.56	$75K

Holdings After Transaction: Restricted Stock Units — 4,790 shares (Direct); Common Stock — 17,186 shares (Direct)

Footnotes (1)

1. Represents restricted stock units which automatically convert to Common Stock upon the vesting of such units on a one-to-one basis. Represents tax withholdings in connection with the vesting of restricted stock units. Units vest in three equal installments on March 12, 2026, 2027 and 2028. Expiration date not applicable.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Simhambhatla Ravi

(Last) (First) (Middle)

379 INTERPACE PARKWAY

(Street)

PARSIPPANY NJ 07054

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AVIS BUDGET GROUP, INC. [ CAR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, CDIO - see remarks

3. Date of Earliest Transaction (Month/Day/Year)
03/12/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/12/2026		M		2,394	A	$0(1)	17,186	D
Common Stock	03/12/2026		F(2)		751	D	$99.56	16,435	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0(1)	03/12/2026		A			2,394	(3)	(4)	Common Stock	2,394	$0	4,790	D

Explanation of Responses:

1. Represents restricted stock units which automatically convert to Common Stock upon the vesting of such units on a one-to-one basis.

2. Represents tax withholdings in connection with the vesting of restricted stock units.

3. Units vest in three equal installments on March 12, 2026, 2027 and 2028.

4. Expiration date not applicable.

Remarks:

EVP, Chief Digital and Innovation Officer

	/s/ Jean M. Sera, by Power of Attorney for Ravi Simhambhatla	03/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did AVIS BUDGET GROUP (CAR) executive Ravi Simhambhatla report on this Form 4?

He reported routine equity compensation activity, including a grant of 2,394 restricted stock units and the vesting of 2,394 units into common shares, along with tax withholding. These transactions reflect standard stock-based compensation rather than open-market buying or selling.

How many restricted stock units did Ravi Simhambhatla receive from AVIS BUDGET GROUP (CAR)?

He received 2,394 restricted stock units. Each unit can convert into one share of common stock upon vesting. The filing states these units vest in three equal installments on March 12 of 2026, 2027 and 2028, subject to continued service and plan terms.

When do the new restricted stock units for AVIS BUDGET GROUP (CAR) executive vest?

The 2,394 restricted stock units vest in three equal installments on March 12, 2026, March 12, 2027 and March 12, 2028. Upon vesting, they automatically convert into common stock on a one-to-one basis according to the terms described in the Form 4 footnotes.

How many AVIS BUDGET GROUP (CAR) shares were withheld for taxes in this Form 4?

A total of 751 shares of common stock were withheld at $99.56 per share to cover tax obligations. This tax-withholding disposition is tied to the vesting of restricted stock units and is not an open-market sale, but a standard compensation-related mechanism.

What are Ravi Simhambhatla’s AVIS BUDGET GROUP (CAR) holdings after these transactions?

Following the reported activity, he directly holds 16,435 shares of common stock and 4,790 restricted stock units. The common shares include those received from vesting, net of the 751 shares withheld to satisfy tax obligations associated with the restricted stock unit conversion.

Does this AVIS BUDGET GROUP (CAR) Form 4 show open-market buying or selling by the executive?

No open-market purchases or sales are shown. The filing reflects a grant of restricted stock units, automatic conversion of previously granted units into shares, and tax withholding. These are standard compensation and tax events, not discretionary market trades.