CAR Insider Sale: Edward Linnen Disposes of 10,000 Shares on 08/15/2025

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.

Insights

Securities/Fundamental Analyst

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.

Corporate Governance Expert

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.

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
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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).
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