Avis Budget SVP exercises 749 RSUs, tax withheld

Avis Budget Group executive Jean M. Sera, SVP, General Counsel, Chief Compliance Officer and Corporate Secretary, reported routine equity compensation activity.

Rhea-AI Filing Summary

Avis Budget Group executive Jean M. Sera, SVP, General Counsel, Chief Compliance Officer and Corporate Secretary, reported routine equity compensation activity. On March 13, 2026, 749 restricted stock units automatically converted into an equal number of common shares at no exercise price as they vested. To cover tax obligations related to this vesting, 348 common shares were withheld at a value of $100.71 per share, which is recorded as a tax-withholding disposition rather than an open-market sale. After these transactions, Sera directly held 37,484 shares of Avis Budget common stock. The footnotes state that these restricted stock units vest in three equal installments on March 13, 2025, 2026 and 2027, underscoring that this filing reflects a scheduled compensation event.

Insider Trade Summary

749 shares exercised/converted

Exercise 3 txns

Insider Sera Jean M

Role SVP, GC, CCO & Corp. Sec.

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	749	$0.00	$0.00
Exercise	Common Stock	749	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	348	$100.71	$35K

Holdings After Transaction: Restricted Stock Units — 749 contracts (Direct); Common Stock — 37,484 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 March 13, 2025, 2026 and 2027.
4. F4. Expiration date not applicable.

FAQ

What insider transaction did Avis Budget Group (CAR) report for Jean M. Sera?

Jean M. Sera reported a scheduled vesting of 749 restricted stock units that automatically converted into common stock. The filing shows this as an equity compensation event, not an open-market purchase or sale.

How many Avis Budget (CAR) shares did Jean M. Sera receive and retain?

She received 749 common shares from restricted stock units vesting. After 348 shares were withheld for taxes, she directly held 37,484 Avis Budget common shares, according to the Form 4 disclosure.

At what price were Avis Budget (CAR) shares withheld for Jean M. Sera’s taxes?

The company withheld 348 common shares to cover taxes at a value of $100.71 per share. This tax-withholding disposition is recorded under code F and is not an open-market sale.

What is the vesting schedule for Jean M. Sera’s Avis Budget (CAR) restricted stock units?

The restricted stock units vest in three equal installments on March 13, 2025, 2026 and 2027. Upon vesting, each unit automatically converts into one share of Avis Budget common stock, as described in the footnotes.

Does Jean M. Sera’s Avis Budget (CAR) Form 4 indicate any open-market buying or selling?

No open-market trades are shown. The Form 4 reports an RSU conversion into common stock and a tax-withholding disposition of 348 shares, both tied to scheduled equity compensation vesting.

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Accepted by SEC EDGAR 03/17/2026 - 05:46 PM Learn about SEC filing dates

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^*

Sera Jean M

(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)
	SVP, GC, CCO & Corp. Sec.

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

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	03/13/2026		M		749	A	$0(1)	37,832	D
Common Stock	03/13/2026		F(2)		348	D	$100.71	37,484	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)	03/13/2026		M			749	(3)	(4)	Common Stock	749	$0	749	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 13, 2025, 2026 and 2027.

4. Expiration date not applicable.

Remarks:

	Jean M. Sera	03/17/2026
	** 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.
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