Avis Budget Group (CAR) CFO details RSU vesting and tax withholding

Rhea-AI Filing Summary

Daniel Crestian Cunha, EVP and CFO of Avis Budget Group, reported the vesting of 969 restricted stock units on July 23, 2026. These units automatically converted into 969 shares of Common Stock, and 304 shares were withheld at $159.04 per share to cover tax obligations. After the conversion, he holds 1,940 restricted stock units, with the units associated with this award vesting in three equal installments on July 23, 2026, 2027 and 2028. The transactions were not reported as made under a Rule 10b5-1 trading plan.

Insider Trade Summary

Net Buyer: 665 shares

Net Buy 3 txns

Insider Cunha Daniel Crestian

Role EVP and CFO

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units F1, F3, F4	969	$0.00	$0.00
Exercise	Common Stock F1	969	$0.00	$0.00
Tax Withholding	Common Stock F2	304	$159.04	$48K

Holdings After Transaction: Restricted Stock Units — 1,940 shares (Direct); Common Stock — 665 shares (Direct)

Footnotes (4)

1. F1. Represents restricted stock units which automatically convert to Common Stock upon the vesting of such units on a one-to-one basis.
2. F2. Represents tax withholdings in connection with the vesting of restricted stock units.
3. F3. Units vest in three equal installments on July 23, 2026, 2027 and 2028.
4. F4. Expiration date not applicable.

Key Figures

RSUs Converted: 969.0000 units Common Stock Acquired: 969.0000 shares Shares Withheld for Taxes: 304.0000 shares +2 more

5 metrics

RSUs Converted 969.0000 units Restricted Stock Units automatically converted into Common Stock on July 23, 2026

Common Stock Acquired 969.0000 shares Shares of Common Stock received from RSU conversion at $0.0000 exercise price

Shares Withheld for Taxes 304.0000 shares Common Stock withheld to satisfy tax obligations related to RSU vesting

Tax Withholding Price 159.0400 per share Per-share value used for the tax-withholding disposition of 304 shares

RSUs Following Transaction 1940.0000 units Total restricted stock units reported as held after the RSU conversion event

Key Terms

Restricted Stock Units, tax withholdings, Exercise or conversion of derivative security, Payment of tax liability by delivering or withholding securities

4 terms

Restricted Stock Units financial

"Security title reported as Restricted Stock Units in the derivative transaction"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

tax withholdings financial

"Footnote states: Represents tax withholdings in connection with the vesting of restricted stock units."

Exercise or conversion of derivative security financial

"Transaction code M described as Exercise or conversion of derivative security."

Payment of tax liability by delivering or withholding securities financial

"Transaction code F described as Payment of tax liability by delivering or withholding securities."

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/27/2026 - 04:08 PM Accepted by SEC EDGAR 07/27/2026 - 04:08 PM Learn about SEC filing dates

FAQ

What insider transaction did Avis Budget Group (CAR) CFO Daniel Crestian Cunha report?

Avis Budget Group (CAR) CFO Daniel Crestian Cunha reported the vesting and conversion of 969 restricted stock units into an equal number of Common Stock shares, plus a related tax-withholding disposition of 304 shares at $159.04 per share.

How many restricted stock units vested for the Avis Budget Group (CAR) CFO?

On July 23, 2026, 969 restricted stock units vested for Avis Budget Group (CAR) CFO Daniel Crestian Cunha. These RSUs automatically converted into 969 shares of Common Stock, as disclosed, forming the core of the reported Form 4 transactions.

How many Avis Budget Group (CAR) shares were withheld for taxes in this Form 4?

The filing shows that 304 shares of Common Stock were disposed of to cover tax withholdings, valued at $159.04 per share. This transaction is coded as a tax-liability payment rather than an open-market sale.

What are the remaining restricted stock unit holdings for the Avis Budget Group (CAR) CFO?

After the reported conversion, Daniel Crestian Cunha holds 1,940 restricted stock units. The disclosure states that the units associated with this award vest in three equal installments on July 23, 2026, 2027 and 2028.

Were the Avis Budget Group (CAR) CFO’s transactions under a Rule 10b5-1 trading plan?

The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed, so these transactions were not reported as being made under a Rule 10b5-1 or similar pre-arranged trading plan.

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^*

Cunha Daniel Crestian

(Last) (First) (Middle)

379 INTERPACE PARKWAY

(Street)

PARSIPPANY NEW JERSEY 07054

(City) (State) (Zip)

UNITED STATES

(Country)

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 and CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/23/2026

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

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

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

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	07/23/2026		M		969	A	$0(1)	969	D
Common Stock	07/23/2026		F(2)		304	D	$159.04	665	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)	07/23/2026		M			969	(3)	(4)	Common Stock	969	$0	1,940	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 July 23, 2026, 2027 and 2028.

4. Expiration date not applicable.

Remarks:

	/s/ Jean M. Sera, by Power of Attorney for Daniel Crestian Cunha	07/27/2026
	** 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.
* Form 4: SEC 1474 (03-26)