Insider trade

10% owner sold ~$241M of CAR shares in the open market

Traded Apr 22, 2026 · Filed May 12, 2026

Why it stands out

A 10% owner of Avis Budget sold $241M of Avis Budget shares. The filing does not indicate a pre-arranged trading plan.

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 Ownership

All the details

10% ownerIndirect holding$1M+

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$240,586,465

Shares × reported transaction price

Timing vs results

63 days after results of Feb 18, 2026, 7 days before results of Apr 29, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Planned / mechanical clue

None found in footnotes

Only flagged when a footnote says so; never inferred

After	Stock	S&P 500	Difference
7 days	+2.7%	−0.1%	+2.8%
30 days	+25.7%	−0.1%	+25.8%
90 days	−5.5%	+3.8%	−9.3%

Past results only. Not a forecast.

This Form 4/A 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"), including the funds named herein, 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 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 person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. The Reporting Persons are in discussions with the Issuer and, to the extent required pursuant to Section 16(b), will voluntarily pay any realized short swing profits. The Reporting Persons are filing this Form 4/A solely to amend and restate footnotes 2-8 of the Form 4 as follows.
Trades by Pentwater Merger Arbitrage Master Fund Ltd.