Avis Budget (CAR) EVP Simhambhatla granted 1,326 RSUs, 416 shares withheld for taxes

Rhea-AI Filing Summary

Avis Budget Group executive Ravi Simhambhatla received a compensation-related stock award. On March 13, he was granted 1,326 restricted stock units that convert into the same number of common shares as they vest. The filing shows 1,326 common shares credited and 416 shares withheld to cover taxes. After these transactions, he directly holds 17,345 common shares.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Simhambhatla Ravi

Role EVP, CDIO - see remarks

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	1,326	$0.00	--
Grant/Award	Common Stock	1,326	$0.00	--
Tax Withholding	Common Stock	416	$100.71	$42K

Holdings After Transaction: Restricted Stock Units — 1,327 shares (Direct); Common Stock — 17,761 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. Represents tax withholdings in connection with the vesting of restricted stock units. Units vest in three equal installments on March 13, 2025, 2026 and 2027. Expiration date not applicable.

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 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, CDIO - see remarks

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		A		1,326	A	$0(1)	17,761	D
Common Stock	03/13/2026		F(2)		416	D	$100.71	17,345	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		A			1,326	(3)	(4)	Common Stock	1,326	$0	1,327	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:

EVP, Chief Digital and Innovation Officer

	/s/ Jean M. Sera, by Power of Attorney for Ravi Simhambhatla	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.
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.

FAQ

What insider stock transactions did Avis Budget (CAR) executive Ravi Simhambhatla report?

Ravi Simhambhatla reported a grant of 1,326 restricted stock units and issuance of 1,326 common shares, along with a 416-share tax withholding disposition related to vesting. These transactions reflect routine equity compensation rather than open-market buying or selling activity.

How many restricted stock units were granted to Avis Budget (CAR) EVP Ravi Simhambhatla?

He received 1,326 restricted stock units that convert into common stock on a one-to-one basis. According to the filing, these units vest in three equal installments on March 13 of 2025, 2026, and 2027, subject to the specified vesting schedule.

What does the 416-share Form 4 tax withholding mean for Avis Budget (CAR)?

The 416-share transaction represents shares withheld to pay taxes when restricted stock units vested, not an open-market sale. The filing describes it as payment of tax liability by delivering securities, a common mechanism for handling withholding on stock-based compensation.

How many Avis Budget (CAR) shares does Ravi Simhambhatla hold after these transactions?

After the reported transactions, Ravi Simhambhatla directly holds 17,345 shares of Avis Budget common stock. This total reflects the addition of vested shares and the simultaneous share withholding for taxes disclosed in the Form 4 filing.

Are the Avis Budget (CAR) Form 4 transactions open-market purchases or sales?

The transactions are not open-market trades. They consist of a grant and vesting of restricted stock units, plus a tax withholding disposition. The filing shows no open-market purchase or sale codes, only grant (A) and tax payment (F) related entries.

What is the vesting schedule for Ravi Simhambhatla’s restricted stock units at Avis Budget (CAR)?

The restricted stock units vest in three equal installments on March 13, 2025, March 13, 2026, and March 13, 2027. Upon vesting, each unit automatically converts into one share of Avis Budget common stock as described in the Form 4 footnotes.