Ravi Simhambhatla - 26 Jul 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
26 Jul 2024
Net transactions value
-$824,409
Form type
4
Filing time
30 Jul 2024, 17:41:31 UTC
Previous filing
15 Mar 2024
Next filing
11 Mar 2025
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 +18,324 +2118% $0.000000 19,189 26 Jul 2024 Direct F1
transaction CAR Common Stock Tax liability $824,409 -7,871 -41% $104.74 11,318 26 Jul 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 -16,878 -50% $0.000000 16,878 26 Jul 2024 Common Stock 16,878 $0.000000 Direct F1, F3, F4
transaction CAR Restricted Stock Units Options Exercise $0 -506 -50% $0.000000 507 26 Jul 2024 Common Stock 506 $0.000000 Direct F1, F4, F5
transaction CAR Dividend Equivalent Units Options Exercise $0 -940 -44% $0.000000 1,216 26 Jul 2024 Common Stock 940 $0.000000 Direct F4, 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 which automatically convert to Common Stock upon the vesting of such units on a one-to-one basis.
F2 Represents tax withholdings in connection with the vesting of restricted stock units.
F3 Units vest in two equal installments on July 26, 2024 and 2026.
F4 Expiration date not applicable.
F5 Units vest in three equal installments on July 26, 2023, 2024 and 2025.
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