Were Edward Linnen’s CAR share sales part of open-market transactions?

Yes. Both transactions in the Form 4 for Edward Linnen are coded as open-market sales of CAR common stock. The filing notes they were non-derivative transactions, reflecting direct sales of common shares rather than option exercises or other derivative activity.

Avis Budget Group (CAR) HR chief sells 9,483 common shares in open-market trades

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Avis Budget Group EVP and Chief HR Officer Edward P. Linnen sold 9,483 shares of CAR common stock in open-market transactions on 2026-04-30. The shares were sold in two blocks at weighted average prices of about $182.05 and $183.10. Footnotes note that sale prices ranged from $182.00 to $183.11, and Linnen continues to hold a meaningful direct equity stake after these trades.

Insider Trade Summary

Net Seller: 9,483 shares ($1,728,900)

Net Sell 2 txns

Insider Linnen Edward P

Role EVP, Chief HR Officer

Sold 9,483 shs ($1.73M)

Type	Security	Shares	Price	Value
Sale	Common Stock	7,083	$182.05	$1.29M
Sale	Common Stock	2,400	$183.10	$439K

Holdings After Transaction: Common Stock — 40,332 shares (Direct, null)

Footnotes (1)

Price reflects the weighted average sale price for the sale transactions made on the date reported above. Sale prices ranged from $182.00 to $182.51. 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. Price reflects the weighted average sale price for the sale transactions made on the date reported above. Sale prices ranged from $183.10 to $183.11. 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.

Key Figures

Total shares sold: 9,483 shares First sale block: 2,400 shares at $183.10 Second sale block: 7,083 shares at $182.05 +2 more

5 metrics

Total shares sold 9,483 shares Net open-market sales reported on 2026-04-30

First sale block 2,400 shares at $183.10 Open-market sale of Common Stock

Second sale block 7,083 shares at $182.05 Open-market sale of Common Stock

Price range block 1 $182.00–$182.51 Weighted average sale price range (F1 footnote)

Price range block 2 $183.10–$183.11 Weighted average sale price range (F2 footnote)

Key Terms

open-market sale, weighted average sale price, Common Stock

3 terms

open-market sale financial

"transaction_action: "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

weighted average sale price financial

"Price reflects the weighted average sale price for the sale transactions"

Common Stock financial

"security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 Insider Transactions: What Each Field Means →

04/30/2026 - 08:16 PM

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

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, Chief HR Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/30/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/30/2026		S		7,083	D	$182.05⁽¹⁾	40,332	D
Common Stock	04/30/2026		S		2,400	D	$183.1⁽²⁾	37,932	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 $182.00 to $182.51. 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 $183.10 to $183.11. 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.

	/s/ Jean M. Sera, by Power of Attorney for Edward P. Linnen	04/30/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did CAR executive Edward Linnen report?

Edward P. Linnen reported selling 9,483 shares of Avis Budget Group (CAR) common stock. The sales occurred in two open-market transactions on 2026-04-30 at weighted average prices around $182–$183 per share, according to the Form 4 filing details.

At what prices did Edward Linnen sell Avis Budget Group (CAR) shares?

Edward Linnen’s Form 4 shows weighted average sale prices of $182.05 and $183.10 per CAR share. Footnotes state individual trade prices ranged from $182.00 to $182.51 and from $183.10 to $183.11 during the reported sale transactions.

How many Avis Budget Group (CAR) shares did Edward Linnen sell in total?

The Form 4 reports that Edward Linnen sold a total of 9,483 shares of Avis Budget Group (CAR) common stock. This total comes from two separate open-market sale transactions: 2,400 shares and 7,083 shares executed on the same reporting date.

What is Edward Linnen’s role at Avis Budget Group (CAR)?

Edward P. Linnen is identified as Executive Vice President and Chief Human Resources Officer at Avis Budget Group (CAR). His insider status requires reporting transactions in company common stock, such as the open-market sales disclosed in this Form 4 filing.

Does the Form 4 for CAR disclose detailed price ranges for each trade?

Yes. Footnotes state the reported prices are weighted averages, with actual sale prices ranging from $182.00 to $182.51 and from $183.10 to $183.11. Linnen will provide full trade-by-trade price details upon request to regulators, the company, or shareholders.