Joseph Ferraro - Jul 2, 2021 Form 4 Insider Report for AVIS BUDGET GROUP, INC. (CAR)

Role: President and CEO
Signature: /s/ Jean M. Sera, by Power of Attorney for Joseph Ferraro
Stock symbol: CAR
Transactions as of: Jul 2, 2021
Transactions value $: -$145,013
Form type: 4
Date filed: 7/6/2021, 05:23 PM
Next filing: Aug 5, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CAR	Common Stock	Options Exercise	$0	+3.75K	+2.91%	$0.00	133K	Jul 2, 2021	Direct	F1
transaction	CAR	Common Stock	Tax liability	-$145K	-1.84K	-1.38%	$78.94	131K	Jul 2, 2021	Direct	F2
holding	CAR	Common Stock						2.48K	Jul 2, 2021	By 401(k)

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CAR	Restricted Stock Units	Options Exercise	$0	-3.75K	-100%	$0.00^*	0	Jul 2, 2021	Common Stock	3.75K	$0.00	Direct	F1, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents restricted stock units which automatically converted to Common Stock upon the vesting of such units on a one-to-one basis.
F2	Represents tax withholdings in connection with the vesting of restricted stock units.
F3	Units vest in two equal installments on July 2, 2020 and July 2, 2021.
F4	Expiration date not applicable.