[Form 4] AVIS BUDGET GROUP, INC. Insider Trading Activity

Avis Budget Group EVP and CFO Daniel Cunha received new equity awards in the form of stock units.

Rhea-AI Filing Summary

Avis Budget Group EVP and CFO Daniel Cunha received new equity awards in the form of stock units. He was granted 4,908 restricted stock units that convert into the same number of common shares as they vest in three equal installments on March 17, 2027, 2028 and 2029.

He also received 4,908 performance-based restricted stock units that may vest on March 17, 2029 based on pre-established performance goals. The performance award can result in zero to 150% of the target 4,908 units vesting, tying part of his compensation to the company’s performance.

Insider Trade Summary

Grant/Award: 9,816 shares

Grant/Award 2 txns

Insider Cunha Daniel Crestian

Role EVP and CFO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	4,908	$0.00	$0.00
Grant/Award	Performance Based Restricted Stock Units	4,908	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 4,908 contracts (Direct); Performance Based Restricted Stock Units — 4,908 contracts (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. Units vest in three equal installments on March 17, 2027, 2028 and 2029.
3. F3. Expiration date not applicable.
4. F4. 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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 03/19/2026 - 05:09 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^*

Cunha Daniel Crestian

(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 and CFO

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		4,908		(2)	(3)	Common Stock	4,908	$0	4,908	D
Performance Based Restricted Stock Units	$0(1)	03/17/2026		A		4,908		(4)	(3)	Common Stock	4,908	$0	4,908	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:

	/s/ Jean M. Sera, by Power of Attorney for Daniel Crestian Cunha	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)