Avis Budget Group (CAR) EVP granted time-based and performance RSU awards

Rhea-AI Filing Summary

AVIS BUDGET GROUP, INC. executive Ravi Simhambhatla received equity awards in the form of restricted stock units tied to the company’s common stock. He was granted 4,417 time-based restricted stock units that convert one-for-one into common shares and vest in three equal installments on March 17, 2027, 2028 and 2029. He also received 4,417 performance-based restricted stock units that may vest on March 17, 2029, with the actual number of units vesting ranging from zero to 150% of this target amount based on the company’s attainment of pre-established performance goals. These awards represent direct ownership incentives rather than open-market purchases.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Simhambhatla Ravi

Role EVP, CDIO - see remarks

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	4,417	$0.00	--
Grant/Award	Performance Based Restricted Stock Units	4,417	$0.00	--

Holdings After Transaction: Restricted Stock Units — 4,417 shares (Direct); Performance Based Restricted Stock Units — 4,417 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. Units vest in three equal installments on March 17, 2027, 2028 and 2029. Expiration date not applicable. Units will vest on March 17, 2029 based on the Company's level of attainment of pre-established performance goals. The number of units which could vest range from zero to 150% of the target number of units above, depending on the achievement of such performance goals.

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 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, CDIO - see remarks

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/17/2026

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

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)	03/17/2026		A		4,417		(2)	(3)	Common Stock	4,417	$0	4,417	D
Performance Based Restricted Stock Units	$0(1)	03/17/2026		A		4,417		(4)	(3)	Common Stock	4,417	$0	4,417	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. Units vest in three equal installments on March 17, 2027, 2028 and 2029.

3. Expiration date not applicable.

4. Units will vest on March 17, 2029 based on the Company's level of attainment of pre-established performance goals. The number of units which could vest range from zero to 150% of the target number of units above, depending on the achievement of such performance goals.

Remarks:

EVP, Chief Digital and Innovation Officer

	/s/ Jean M. Sera, by Power of Attorney for Ravi Simhambhatla	03/19/2026
	** 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)

FAQ

What insider transaction did CAR executive Ravi Simhambhatla report on Form 4?

Ravi Simhambhatla reported receiving equity awards, not buying or selling stock. He was granted 4,417 restricted stock units and 4,417 performance-based restricted stock units, each linked one-for-one to Avis Budget Group common stock as part of his executive compensation.

How many restricted stock units were granted to the CAR executive in this filing?

The executive was granted 4,417 restricted stock units and 4,417 performance-based restricted stock units. Each unit corresponds to one share of Avis Budget Group common stock, providing potential future ownership depending on continued service and, for performance units, meeting company performance targets.

When do the time-based restricted stock units for Avis Budget Group (CAR) vest?

The time-based restricted stock units vest in three equal installments on March 17, 2027, March 17, 2028 and March 17, 2029. Upon vesting, each unit automatically converts into one share of Avis Budget Group common stock, assuming the executive remains eligible.

How are the performance-based RSUs for Avis Budget Group (CAR) structured?

The 4,417 performance-based restricted stock units are scheduled to vest on March 17, 2029. The number of units actually vesting can range from zero to 150% of the target amount, depending on Avis Budget Group’s achievement of pre-established performance goals.

Does this CAR Form 4 show open-market buying or selling by the executive?

This Form 4 does not show open-market buying or selling. It reflects grant or award acquisitions of restricted stock units and performance-based restricted stock units at a price of $0.0000 per unit, representing compensation-based equity awards rather than discretionary stock trades.

What does it mean that the CAR restricted stock units automatically convert to common stock?

The filing states the restricted stock units automatically convert to common stock upon vesting on a one-to-one basis. This means each vested unit becomes one share of Avis Budget Group common stock without additional payment, providing equity compensation if vesting conditions are met.