Derivative exercise or conversion — not an open-market buy.
Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell
View the official recordSEC Form 4 — Statement of Changes in Beneficial OwnershipAll the details
Dates, kept separate
Transaction date
Apr 21, 2026
Reporting period
Not applicable
Filed with the SEC
Apr 24, 2026
10% ownerIndirect holdingOption exercise
Context
Classification
option exercise
Code X — exercise or conversion of a derivative security
Planned / mechanical clue
None found in footnotes
Only flagged when a footnote says so; never inferred
Source receipt
Record ID
0000902664-26-002119
Filed / recorded
Apr 24, 2026, 1:30 AM UTC
Added to OQRO
Oct 6, 2026, 4:40 PM UTC
Parser
form4-xml-v2
Data quality
Verified: identifiers matched exactly
Issuer
AVIS BUDGET GROUP, INC.
Issuer CIK
723612
Ticker
CAR
Reporting person
Pentwater Capital Management LP
Relationship
10% owner
Security
Call Option (right to buy)
Table
Derivative (Table II)
Transaction date
Apr 21, 2026
Transaction code
X
Shares / units
6,550
Price per share
$0.00
Acquired / disposed
Disposed (D)
Shares owned after
0
Ownership form
Indirect — See footnote
Amendment
No
Footnotes from the filing
Exercisable at any time.
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.
