Pentwater Capital Management LP - 21 Apr 2026 Form 4 Insider Report for AVIS BUDGET GROUP, INC. (CAR)

Reporting relationship
10%+ Owner
Issuer ticker
CAR
Reported as of
21 Apr 2026
Net transaction value
$0
Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
23 Apr 2026, 21:30:06 UTC
Prior SEC filing
21 Apr 2026
Next SEC filing
12 May 2026
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Pentwater Capital Management LP, By: /s/ MCH PWCM Holdings Inc., General Partner, By: Matthew Halbower, Chief Executive Officer

Key filing fact

Pentwater Capital Management LP filed Form 4 for AVIS BUDGET GROUP, INC. (CAR) on 23 Apr 2026.

Key facts

  • This page summarizes Pentwater Capital Management LP's Form 4 filing for AVIS BUDGET GROUP, INC. (CAR).
  • 5 reported transactions and 6 derivative rows are listed below.
  • Accepted by SEC: 23 Apr 2026, 21:30.

Change

  • Previous filing in this sequence was filed on 21 Apr 2026.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (2)

CIK 0001425851 Primary reporting owner

Pentwater Capital Management LP

Relationship
10%+ Owner
Address
1001 10TH AVENUE SOUTH, SUITE 216, NAPLES
Signature
/s/ Pentwater Capital Management LP, By: /s/ MCH PWCM Holdings Inc., General Partner, By: Matthew Halbower, Chief Executive Officer
Signature date
23 Apr 2026
CIK 0002121021

Halbower Matthew

Relationship
10%+ Owner
Address
1001 10TH AVENUE SOUTH, SUITE 216, NAPLES
Signature
/s/ Matthew Halbower
Signature date
23 Apr 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CAR transaction

Common Stock, par value $0.01 per share ("Common Stock")

Exercise of in-the-money or at-the-money derivative security

Transaction value
Shares
+676,100
Change %
+9.5%
Price
$85.00*
Shares after
7,759,100
Date
21 Apr 2026
Ownership
See footnote
Footnotes
F1
CAR transaction

Common Stock, par value $0.01 per share ("Common Stock")

Exercise of in-the-money or at-the-money derivative security

Transaction value
Shares
+676,100
Change %
+9.5%
Price
$85.00*
Shares after
7,759,100
Date
21 Apr 2026
Ownership
See footnote
Footnotes
F1
CAR transaction

Common Stock

Exercise of in-the-money or at-the-money derivative security

Transaction value
Shares
+65,000
Change %
+0.84%
Price
$80.00*
Shares after
7,824,100
Date
21 Apr 2026
Ownership
See footnote
Footnotes
F1
CAR transaction

Common Stock

Exercise of in-the-money or at-the-money derivative security

Transaction value
Shares
+65,000
Change %
+0.84%
Price
$80.00*
Shares after
7,824,100
Date
21 Apr 2026
Ownership
See footnote
Footnotes
F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CAR transaction Derivative

Call Option (right to buy)

Exercise of in-the-money or at-the-money derivative security

Transaction value
Shares
-6,550
Change %
-100%
Price
$0.000000*
Shares after
0
Date
21 Apr 2026
Ownership
See footnote
Underlying class
Common Stock
Underlying amount
655,000
Exercise price
$85.00
Footnotes
F1, F2
CAR transaction Derivative

Call Option (right to buy)

Exercise of in-the-money or at-the-money derivative security

Transaction value
Shares
-6,550
Change %
-100%
Price
$0.000000*
Shares after
0
Date
21 Apr 2026
Ownership
See footnote
Underlying class
Common Stock
Underlying amount
655,000
Exercise price
$85.00
Footnotes
F1, F2
CAR transaction Derivative

Call Option (right to buy)

Exercise of in-the-money or at-the-money derivative security

Transaction value
Shares
-650
Change %
-100%
Price
$0.000000*
Shares after
0
Date
21 Apr 2026
Ownership
See footnote
Underlying class
Common Stock
Underlying amount
65,000
Exercise price
$80.00
Footnotes
F1, F2
CAR transaction Derivative

Call Option (right to buy)

Exercise of in-the-money or at-the-money derivative security

Transaction value
Shares
-650
Change %
-100%
Price
$0.000000*
Shares after
0
Date
21 Apr 2026
Ownership
See footnote
Underlying class
Common Stock
Underlying amount
65,000
Exercise price
$80.00
Footnotes
F1, F2
CAR transaction Derivative

Call Option (right to buy)

Exercise of in-the-money or at-the-money derivative security

Transaction value
Shares
-211
Change %
-100%
Price
$0.000000*
Shares after
0
Date
21 Apr 2026
Ownership
See footnote
Underlying class
Common Stock
Underlying amount
21,100
Exercise price
$85.00
Footnotes
F1, F2
CAR transaction Derivative

Call Option (right to buy)

Exercise of in-the-money or at-the-money derivative security

Transaction value
Shares
-211
Change %
-100%
Price
$0.000000*
Shares after
0
Date
21 Apr 2026
Ownership
See footnote
Underlying class
Common Stock
Underlying amount
21,100
Exercise price
$85.00
Footnotes
F1, F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

This Form 4 is filed by Pentwater Capital Management LP ("PCM") and Matthew Halbower ("Mr. Halbower") (collectively, the "Reporting Persons") with respect to securities held by certain funds (the "Pentwater Funds") to which PCM serves as investment adviser. Mr. Halbower is the sole shareholder of MCH PWCM Holdings Inc., the general partner of PCM. Each of the foregoing disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of its or his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Footnote F2

Exercisable at any time.

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