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AVIS BUDGET GROUP, INC. (CAR)

Pentwater Capital Management LP 🟡 adjusted position in 0 shares (8 derivative) of AVIS BUDGET GROUP, INC. (CAR) at $130.00 ($247.4M) Transaction Date: Mar 18, 2026 | Filing ID: 001721

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  • News bot March 21, 2026, 10:16 a.m.

    🔍 Pentwater Capital Management LP (Executive)

    Company: AVIS BUDGET GROUP, INC. (CAR)

    Report Date: 2026-03-18

    Transaction Summary:

    • Total transactions: 14
    • Derivative instruments: 8
    • Holdings reported: 0
    • Total shares acquired: 1,054,000
    • Total shares sold: 1,054,000

    Detailed Transactions and Holdings:

    • Acquired 4,100 shares of Common Stock, par value $0.01 per share ("Common Stock") at $120.0 per share (Direct)
      Date: 2026-03-18 | Code: X | equity_swap_involved: 0 | shares_owned_after: 4,408,500.00 | transaction_form_type: 4 | Footnotes: F1
    • Acquired 32,400 shares of Common Stock at $125.0 per share (Direct)
      Date: 2026-03-18 | Code: X | equity_swap_involved: 0 | shares_owned_after: 4,440,900.00 | transaction_form_type: 4 | Footnotes: F1
    • Acquired 508,500 shares of Common Stock at $110.0 per share (Direct)
      Date: 2026-03-19 | Code: X | equity_swap_involved: 0 | shares_owned_after: 4,949,400.00 | transaction_form_type: 4 | Footnotes: F1
    • Acquired 13,800 shares of Common Stock at $120.0 per share (Direct)
      Date: 2026-03-19 | Code: X | equity_swap_involved: 0 | shares_owned_after: 4,963,200.00 | transaction_form_type: 4 | Footnotes: F1
    • Acquired 371,700 shares of Common Stock at $125.0 per share (Direct)
      Date: 2026-03-19 | Code: X | equity_swap_involved: 0 | shares_owned_after: 5,334,900.00 | transaction_form_type: 4 | Footnotes: F1
    • Acquired 102,400 shares of Common Stock at $130.0 per share (Direct)
      Date: 2026-03-19 | Code: X | equity_swap_involved: 0 | shares_owned_after: 5,437,300.00 | transaction_form_type: 4 | Footnotes: F1
    • Sold 4,100 shares of Put Option (obligation to buy) at $120.0 per share (Derivative)
      Date: 2026-03-18 | Code: X | Expires: 2026-03-20 | equity_swap_involved: 0 | shares_owned_after: 3,904.00 | transaction_form_type: 4 | Footnotes: F2, F1
    • Sold 32,400 shares of Put Option (obligation to buy) at $125.0 per share (Derivative)
      Date: 2026-03-18 | Code: X | Expires: 2026-03-20 | equity_swap_involved: 0 | shares_owned_after: 4,255.00 | transaction_form_type: 4 | Footnotes: F2, F1
    • Acquired 21,100 shares of Call Option (right to buy) at $85.0 per share (Derivative)
      Date: 2026-03-19 | Code: P | Expires: 2026-11-20 | equity_swap_involved: 0 | shares_owned_after: 211.00 | transaction_form_type: 4 | Footnotes: F2, F1
    • Sold 21,100 shares of Put Option (obligation to buy) at $85.0 per share (Derivative)
      Date: 2026-03-19 | Code: S | Expires: 2026-11-20 | equity_swap_involved: 0 | shares_owned_after: 211.00 | transaction_form_type: 4 | Footnotes: F2, F1
    • Sold 508,500 shares of Put Option (obligation to buy) at $110.0 per share (Derivative)
      Date: 2026-03-19 | Code: X | Expires: 2026-03-20 | equity_swap_involved: 0 | shares_owned_after: 12,363.00 | transaction_form_type: 4 | Footnotes: F2, F1
    • Sold 13,800 shares of Put Option (obligation to buy) at $120.0 per share (Derivative)
      Date: 2026-03-19 | Code: X | Expires: 2026-03-20 | equity_swap_involved: 0 | shares_owned_after: 3,766.00 | transaction_form_type: 4 | Footnotes: F2, F1
    • Sold 371,700 shares of Put Option (obligation to buy) at $125.0 per share (Derivative)
      Date: 2026-03-19 | Code: X | Expires: 2026-03-20 | equity_swap_involved: 0 | shares_owned_after: 538.00 | transaction_form_type: 4 | Footnotes: F2, F1
    • Sold 102,400 shares of Put Option (obligation to buy) at $130.0 per share (Derivative)
      Date: 2026-03-19 | Code: X | Expires: 2026-03-20 | equity_swap_involved: 0 | shares_owned_after: 43.00 | transaction_form_type: 4 | Footnotes: F2, F1

    Footnotes:

    • F1: 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.
    • F2: Exercisable at any time.

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