Ravi Simhambhatla - 09 Mar 2025 Form 4 Insider Report for AVIS BUDGET GROUP, INC. (CAR)

Role
EVP, Chief Digital & Innovation Officer
Signature
/s/ Jean M. Sera, by Power of Attorney for Ravi Simhambhatla
Issuer symbol
CAR
Transactions as of
09 Mar 2025
Net transactions value
-$20,783
Form type
4
Filing time
11 Mar 2025, 17:39:32 UTC
Previous filing
30 Jul 2024
Next filing
14 Mar 2025
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 +757 +6.7% $0.000000 12,075 09 Mar 2025 Direct F1
transaction CAR Common Stock Tax liability $20,783 -279 -2.3% $74.49 11,796 09 Mar 2025 Direct F2

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 -718 -50% $0.000000 719 09 Mar 2025 Common Stock 718 $0.000000 Direct F1, F3, F4
transaction CAR Dividend Equivalent Units Options Exercise $0 -39 -3.2% $0.000000 1,177 09 Mar 2025 Common Stock 39 $0.000000 Direct F1, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units and dividend equivalent units which automatically convert to Common Stock upon the vesting and settlement 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 March 9, 2024, 2025 and 2026.
F4 Expiration date not applicable.
F5 Represents dividend equivalent units ("DEUs") 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.

Remarks:

EVP, Chief Digital & Innovation Officer