Brian J. Choi - 31 Aug 2022 Form 4 Insider Report for AVIS BUDGET GROUP, INC. (CAR)

Role
EVP & Chief Financial Officer
Signature
/s/ Jean M. Sera by Power of Attorney for Brian J. Choi
Issuer symbol
CAR
Transactions as of
31 Aug 2022
Net transactions value
-$2,403,075
Form type
4
Filing time
02 Sep 2022, 16:13:14 UTC
Previous filing
11 Mar 2022
Next filing
04 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CAR Common Stock Options Exercise $0 +29,317 +58% $0.000000 80,167 31 Aug 2022 Direct F1
transaction CAR Common Stock Tax liability $2,403,075 -14,357 -18% $167.38 65,810 31 Aug 2022 Direct F2
holding CAR Common Stock 1,735 31 Aug 2022 By IRA

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 -29,317 -50% $0.000000 29,317 31 Aug 2022 Common Stock 29,317 $0.000000 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 convert 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 three equal installments on August 31, 2021, 2022 and 2023.
F4 Expiration date not applicable.