Bernardo Hees - Jun 30, 2024 Form 4 Insider Report for AVIS BUDGET GROUP, INC. (CAR)

Role: Director
Signature: /s/ Jean M. Sera, by Power of Attorney for Bernardo Hees
Stock symbol: CAR
Transactions as of: Jun 30, 2024
Transactions value $: -$484,973
Form type: 4
Date filed: 7/2/2024, 05:43 PM
Previous filing: Jun 5, 2024
Next filing: Sep 4, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CAR	Common Stock	Options Exercise	$0	+10.1K	+2%	$0.00	515K	Jun 30, 2024	See footnote	F1, F2
transaction	CAR	Common Stock	Tax liability	-$485K	-4.64K	-0.9%	$104.52	510K	Jun 30, 2024	See footnote	F2, F3
holding	CAR	Common Stock						2.28K	Jun 30, 2024	Held by NQ Deferred Compensation Plan

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	-9.58K	-100%	$0.00^*	0	Jun 30, 2024	Common Stock	9.58K	$0.00	Direct	F1, F4, F5
transaction	CAR	Dividend Equivalent Units	Options Exercise	$0	-518	-32.56%	$0.00	1.07K	Jun 30, 2024	Common Stock	518	$0.00	Direct	F5, F6

* 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	Reflects shares held by the BHJH Master Trust LLC. By virtue of his position as chief investment adviser of BHJH Master Trust LLC, Bernardo Hees may be deemed to be a beneficial owner of the securities listed.
F3	Represents tax withholdings in connection with the vesting of restricted stock units.
F4	Units vested in full on June 30, 2024. Due to an inadvertent error, vesting terms for such time-based restricted stock units were previously incorrectly reported in the Reporting Person's Form 4 filed on March 13, 2023.
F5	Expiration date not applicable.
F6	Represents dividend equivalent units accrued on restricted stock units and performance-based restricted stock units which become exercisable proportionately, on a one-on-one basis, subject to the same terms and conditions, including vesting and settlement, as the restricted stock units to which they relate.