STOCK TITAN

[Form 4] Avis Budget Group, Inc. Insider Trading Activity

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Edward P. Linnen, Executive Vice President and Chief HR Officer of Avis Budget Group, sold a total of 10,000 shares of Avis Budget Group common stock on 08/15/2025. The sales were reported on Form 4 filed 08/18/2025 and executed as two transactions: 6,743 shares sold at a weighted average price of $156.47 (transaction prices ranged $156.37–$156.87) and 3,257 shares sold at a weighted average price of $157.57 (transaction prices ranged $157.51–$157.64). After these sales Mr. Linnen beneficially owns 40,915 shares directly and 3,496 shares indirectly through a 401(k) plan. The Form 4 was signed by a Power of Attorney on behalf of the reporting person.

Edward P. Linnen, Executive Vice President e Chief HR Officer di Avis Budget Group, ha venduto complessivamente 10.000 azioni ordinarie di Avis Budget Group il 15/08/2025. Le operazioni sono state riportate nel Form 4 depositato il 18/08/2025 e sono state effettuate in due transazioni: 6.743 azioni vendute a prezzo medio ponderato di $156,47 (range dei prezzi $156,37–$156,87) e 3.257 azioni vendute a prezzo medio ponderato di $157,57 (range $157,51–$157,64). Dopo queste vendite il Sig. Linnen possiede direttamente beneficiariamente 40.915 azioni e 3.496 azioni indirettamente tramite un piano 401(k). Il Form 4 è stato firmato per procura a nome della persona che effettua la segnalazione.

Edward P. Linnen, Vicepresidente Ejecutivo y Chief HR Officer de Avis Budget Group, vendió un total de 10.000 acciones ordinarias de Avis Budget Group el 15/08/2025. Las ventas se informaron en el Formulario 4 presentado el 18/08/2025 y se ejecutaron en dos transacciones: 6.743 acciones vendidas a un precio medio ponderado de $156,47 (rangos de precios $156,37–$156,87) y 3.257 acciones vendidas a un precio medio ponderado de $157,57 (rangos $157,51–$157,64). Tras estas ventas, el Sr. Linnen posee beneficiariamente 40.915 acciones en forma directa y 3.496 acciones de forma indirecta a través de un plan 401(k). El Formulario 4 fue firmado por un apoderado en nombre de la persona informante.

Edward P. Linnen, Avis Budget Group의 Executive Vice President 겸 Chief HR Officer는 2025년 8월 15일에 Avis Budget Group 보통주 총 10,000주를 매도했습니다. 해당 매도는 2025년 8월 18일 제출된 Form 4에 보고되었으며, 두 건의 거래로 실행되었습니다: 가중평균가격 $156.47(거래 가격 범위 $156.37–$156.87)에 6,743주, 가중평균가격 $157.57(거래 가격 범위 $157.51–$157.64)에 3,257주 매도. 이 매도 후 Linnen 씨는 직접적으로 혜택을 받는 40,915주와 401(k) 플랜을 통해 간접 보유한 3,496주를 보유하고 있습니다. Form 4는 보고인을 대신해 위임장이 서명했습니다.

Edward P. Linnen, Vice‑Président Exécutif et Chief HR Officer d'Avis Budget Group, a vendu au total 10 000 actions ordinaires d'Avis Budget Group le 15/08/2025. Les ventes ont été déclarées sur le Formulaire 4 déposé le 18/08/2025 et ont été réalisées en deux transactions : 6 743 actions vendues au prix moyen pondéré de 156,47 $ (fourchette des prix $156,37–$156,87) et 3 257 actions vendues au prix moyen pondéré de 157,57 $ (fourchette $157,51–$157,64). Après ces ventes, M. Linnen détient à titre bénéficiaire 40 915 actions directement et 3 496 actions indirectement via un plan 401(k). Le Formulaire 4 a été signé par une procuration au nom de la personne déclarante.

Edward P. Linnen, Executive Vice President und Chief HR Officer von Avis Budget Group, verkaufte insgesamt 10.000 Aktien der Avis Budget Group am 15.08.2025. Die Verkäufe wurden im am 18.08.2025 eingereichten Form 4 gemeldet und in zwei Transaktionen ausgeführt: 6.743 Aktien zu einem gewichteten Durchschnittspreis von $156,47 (Preisspanne $156,37–$156,87) und 3.257 Aktien zu einem gewichteten Durchschnittspreis von $157,57 (Preisspanne $157,51–$157,64). Nach diesen Verkäufen besitzt Herr Linnen 40.915 Aktien unmittelbar begünstigt und 3.496 Aktien indirekt über einen 401(k)-Plan. Das Form 4 wurde im Namen der meldenden Person durch eine Vollmacht unterzeichnet.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Insider sold 10,000 shares on 08/15/2025 at ~$156–$158, reducing direct holdings to 40,915 shares.

The sale is a straightforward disposition by a senior executive, reported on Form 4. The transaction sizes and prices are explicitly disclosed; total shares sold equal 10,000 with weighted average prices of $156.47 and $157.57 across two tranches. This is a disclosure of executed sales rather than an indication of planned future sales or company performance. Investors should note the change in direct beneficial ownership and consult other filings or company disclosures for broader context.

TL;DR: Report documents routine insider selling by an officer; filings appear complete with price ranges and POA signature.

The Form 4 includes required details: reporting person, relationship to issuer (EVP, Chief HR Officer), transaction dates, share amounts, weighted average prices, post-transaction ownership, and explanatory price ranges. The filing was signed under power of attorney and provides to-the-staff disclosure commitments. There is no accompanying plan reference checked on the form, so the sales appear to be open-market dispositions rather than Rule 10b5-1 plan notifications.

Edward P. Linnen, Executive Vice President e Chief HR Officer di Avis Budget Group, ha venduto complessivamente 10.000 azioni ordinarie di Avis Budget Group il 15/08/2025. Le operazioni sono state riportate nel Form 4 depositato il 18/08/2025 e sono state effettuate in due transazioni: 6.743 azioni vendute a prezzo medio ponderato di $156,47 (range dei prezzi $156,37–$156,87) e 3.257 azioni vendute a prezzo medio ponderato di $157,57 (range $157,51–$157,64). Dopo queste vendite il Sig. Linnen possiede direttamente beneficiariamente 40.915 azioni e 3.496 azioni indirettamente tramite un piano 401(k). Il Form 4 è stato firmato per procura a nome della persona che effettua la segnalazione.

Edward P. Linnen, Vicepresidente Ejecutivo y Chief HR Officer de Avis Budget Group, vendió un total de 10.000 acciones ordinarias de Avis Budget Group el 15/08/2025. Las ventas se informaron en el Formulario 4 presentado el 18/08/2025 y se ejecutaron en dos transacciones: 6.743 acciones vendidas a un precio medio ponderado de $156,47 (rangos de precios $156,37–$156,87) y 3.257 acciones vendidas a un precio medio ponderado de $157,57 (rangos $157,51–$157,64). Tras estas ventas, el Sr. Linnen posee beneficiariamente 40.915 acciones en forma directa y 3.496 acciones de forma indirecta a través de un plan 401(k). El Formulario 4 fue firmado por un apoderado en nombre de la persona informante.

Edward P. Linnen, Avis Budget Group의 Executive Vice President 겸 Chief HR Officer는 2025년 8월 15일에 Avis Budget Group 보통주 총 10,000주를 매도했습니다. 해당 매도는 2025년 8월 18일 제출된 Form 4에 보고되었으며, 두 건의 거래로 실행되었습니다: 가중평균가격 $156.47(거래 가격 범위 $156.37–$156.87)에 6,743주, 가중평균가격 $157.57(거래 가격 범위 $157.51–$157.64)에 3,257주 매도. 이 매도 후 Linnen 씨는 직접적으로 혜택을 받는 40,915주와 401(k) 플랜을 통해 간접 보유한 3,496주를 보유하고 있습니다. Form 4는 보고인을 대신해 위임장이 서명했습니다.

Edward P. Linnen, Vice‑Président Exécutif et Chief HR Officer d'Avis Budget Group, a vendu au total 10 000 actions ordinaires d'Avis Budget Group le 15/08/2025. Les ventes ont été déclarées sur le Formulaire 4 déposé le 18/08/2025 et ont été réalisées en deux transactions : 6 743 actions vendues au prix moyen pondéré de 156,47 $ (fourchette des prix $156,37–$156,87) et 3 257 actions vendues au prix moyen pondéré de 157,57 $ (fourchette $157,51–$157,64). Après ces ventes, M. Linnen détient à titre bénéficiaire 40 915 actions directement et 3 496 actions indirectement via un plan 401(k). Le Formulaire 4 a été signé par une procuration au nom de la personne déclarante.

Edward P. Linnen, Executive Vice President und Chief HR Officer von Avis Budget Group, verkaufte insgesamt 10.000 Aktien der Avis Budget Group am 15.08.2025. Die Verkäufe wurden im am 18.08.2025 eingereichten Form 4 gemeldet und in zwei Transaktionen ausgeführt: 6.743 Aktien zu einem gewichteten Durchschnittspreis von $156,47 (Preisspanne $156,37–$156,87) und 3.257 Aktien zu einem gewichteten Durchschnittspreis von $157,57 (Preisspanne $157,51–$157,64). Nach diesen Verkäufen besitzt Herr Linnen 40.915 Aktien unmittelbar begünstigt und 3.496 Aktien indirekt über einen 401(k)-Plan. Das Form 4 wurde im Namen der meldenden Person durch eine Vollmacht unterzeichnet.

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*
Linnen Edward P

(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, Chief HR Officer
3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025
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 08/15/2025 S 6,743 D $156.47(1) 44,172 D
Common Stock 08/15/2025 S 3,257 D $157.57(2) 40,915 D
Common Stock 3,496 I By 401(k) plan
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
Explanation of Responses:
1. Price reflects the weighted average sale price for the sale transactions made on the date reported above. Sale prices ranged from $156.37 to $156.87. The reporting person will provide, upon request by the Staff, the Company, or a security holder of the Company, full information regarding the number of shares purchased or sold at each separate price.
2. Price reflects the weighted average sale price for the sale transactions made on the date reported above. Sale prices ranged from $157.51 to $157.64. The reporting person will provide, upon request by the Staff, the Company, or a security holder of the Company, full information regarding the number of shares purchased or sold at each separate price.
Remarks:
/s/ Jean M. Sera, by Power of Attorney for Edward P. Linnen 08/18/2025
** 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.
Avis Budget

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