Ravi Simhambhatla - 09 Mar 2024 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 2024
Net transactions value
-$26,646
Form type
4
Filing time
12 Mar 2024, 17:54:49 UTC
Previous filing
22 Dec 2023
Next filing
15 Mar 2024
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 +756 +218% $0.000000 1,103 09 Mar 2024 Direct F1
transaction CAR Common Stock Tax liability $26,646 -238 -22% $111.96 865 09 Mar 2024 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 -33% $0.000000 1,437 09 Mar 2024 Common Stock 718 $0.000000 Direct F3, F4, F5
transaction CAR Dividend Equivalent Units Options Exercise $0 -38 -1.7% $0.000000 2,156 09 Mar 2024 Common Stock 38 $0.000000 Direct F5, F6
* 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 Represents restricted stock units which automatically convert to Common Stock upon the vesting of such units on a one-to-one basis.
F4 Units vest in three equal installments on March 9, 2024, 2025 and 2026.
F5 Expiration date not applicable.
F6 Represents dividend equivalent units 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