PENTWATER CAPITAL MANAGEMENT LP reported 5 transactions at AVIS BUDGET GROUP, INC.
Review the transaction codes below to understand the nature of each event.
Common Stock, par value $0.01 per share ("Common Stock")
Shares
+1.24M
Price / share
$110.00
Trade value
$135.99M
% of position
Common Stock
Shares
+376.60K
Price / share
$120.00
Trade value
$45.19M
% of position
Common Stock
Shares
+53.80K
Price / share
$125.00
Trade value
$6.72M
% of position
Common Stock
Shares
+4.30K
Price / share
$130.00
Trade value
$559K
% of position
Common Stock
Shares
−60K
Price / share
$110.00
Trade value
$6.60M
% of position
Net shares
+1.61M
Net value
$181.87M
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.01 per share ("Common Stock") Indirect | 3/20/2026 | X · X | +1.24M | $110.00 | $135.99M | 22.7% | 5.44M | 6.67M |
| Common Stock Indirect | 3/20/2026 | X · X | +376.60K | $120.00 | $45.19M | 5.6% | 6.67M | 7.05M |
| Common Stock Indirect | 3/20/2026 | X · X | +53.80K | $125.00 | $6.72M | 0.8% | 7.05M | 7.10M |
| Common Stock Indirect | 3/20/2026 | X · X | +4.30K | $130.00 | $559K | 0.1% | 7.10M | 7.11M |
| Common Stock Indirect | 3/20/2026 | X · X | −60K | $110.00 | $6.60M | 0.8% | 7.11M | 7.05M |
| Total | +1.61M | $181.87M | ||||||
Put Option (obligation to buy)
Common Stock
1.24M shares
Shares
−12.36K
Strike price
110
Held after
0.00
Exercisable
—
Put Option (obligation to buy)
Common Stock
376.60K shares
Shares
−3.77K
Strike price
120
Held after
0.00
Exercisable
—
Put Option (obligation to buy)
Common Stock
53.80K shares
Shares
−538.00
Strike price
125
Held after
0.00
Exercisable
—
Put Option (obligation to buy)
Common Stock
4.30K shares
Shares
−43.00
Strike price
130
Held after
0.00
Exercisable
—
Put Option (right to sell)
Common Stock
60K shares
Shares
−600.00
Strike price
110
Held after
0.00
Exercisable
—
Call Option (obligation to sell)
Common Stock
60K shares
Shares
−600.00
Strike price
150
Held after
0.00
Exercisable
—
Call Option (obligation to sell)
Common Stock
1.11M shares
Shares
−11.14K
Strike price
150
Held after
0.00
Exercisable
—
Call Option (obligation to sell)
Common Stock
100K shares
Shares
−1K
Strike price
240
Held after
0.00
Exercisable
—
Call Option (obligation to sell)
Common Stock
1.23M shares
Shares
−12.30K
Strike price
260
Held after
0.00
Exercisable
—
Call Option (obligation to sell)
Common Stock
615K shares
Shares
−6.15K
Strike price
270
Held after
0.00
Exercisable
—
Call Option (obligation to sell)
Common Stock
835K shares
Shares
−8.35K
Strike price
280
Held after
0.00
Exercisable
—
Call Option (obligation to sell)
Common Stock
370K shares
Shares
−3.70K
Strike price
290
Held after
0.00
Exercisable
—
Call Option (obligation to sell)
Common Stock
10K shares
Shares
−100.00
Strike price
310
Held after
0.00
Exercisable
—
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Put Option (obligation to buy) Indirect | Common Stock1.24M shares | 3/20/2026 | X · X | −12.36K | 110 | — | 0.00 |
| Put Option (obligation to buy) Indirect | Common Stock376.60K shares | 3/20/2026 | X · X | −3.77K | 120 | — | 0.00 |
| Put Option (obligation to buy) Indirect | Common Stock53.80K shares | 3/20/2026 | X · X | −538.00 | 125 | — | 0.00 |
| Put Option (obligation to buy) Indirect | Common Stock4.30K shares | 3/20/2026 | X · X | −43.00 | 130 | — | 0.00 |
| Put Option (right to sell) Indirect | Common Stock60K shares | 3/20/2026 | X · X | −600.00 | 110 | — | 0.00 |
| Call Option (obligation to sell) Indirect | Common Stock60K shares | 3/20/2026 | E · E | −600.00 | 150 | — | 0.00 |
| Call Option (obligation to sell) Indirect | Common Stock1.11M shares | 3/20/2026 | E · E | −11.14K | 150 | — | 0.00 |
| Call Option (obligation to sell) Indirect | Common Stock100K shares | 3/20/2026 | E · E | −1K | 240 | — | 0.00 |
| Call Option (obligation to sell) Indirect | Common Stock1.23M shares | 3/20/2026 | E · E | −12.30K | 260 | — | 0.00 |
| Call Option (obligation to sell) Indirect | Common Stock615K shares | 3/20/2026 | E · E | −6.15K | 270 | — | 0.00 |
| Call Option (obligation to sell) Indirect | Common Stock835K shares | 3/20/2026 | E · E | −8.35K | 280 | — | 0.00 |
| Call Option (obligation to sell) Indirect | Common Stock370K shares | 3/20/2026 | E · E | −3.70K | 290 | — | 0.00 |
| Call Option (obligation to sell) Indirect | Common Stock10K shares | 3/20/2026 | E · E | −100.00 | 310 | — | 0.00 |