10% owner sold ~$223M of CAR shares in the open market

Past results only. Not a forecast.

Record ID

0000902664-26-002384

Filed / recorded

May 12, 2026, 7:50 PM 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

Common Stock

Table

Non-derivative (Table I)

Transaction date

Apr 23, 2026

Transaction code

S

Shares / units

843,201

Price per share

$264.60

Acquired / disposed

Disposed (D)

Shares owned after

3,485,000

Ownership form

Indirect — Pentwater Merger Arbitrage Master Fund Ltd.

Amendment

Yes (Form 4/A)

1. 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.
2. Trades by Pentwater Merger Arbitrage Master Fund Ltd.