PENTWATER CAPITAL MANAGEMENT LP reported 2 transactions at AVIS BUDGET GROUP, INC.

Review the transaction codes below to understand the nature of each event.

PENTWATER CAPITAL MANAGEMENT LP

Filed: 4/24/2026ACC: 0000902664-26-002119

InsiderPENTWATER CAPITAL MANAGEMENT LPCIK 1425851

→

IssuerAVIS BUDGET GROUP, INC.CIK 723612

10% Owner

Since Mar 2026

+733.69K

Net shares

Net buyer

$62.67M

Total acquired

Open market trades

0B · 0S

Total transactions

741.10K acquired · 7.41K disposed

Non-Derivative Transactions2

Common Stock, par value $0.01 per share ("Common Stock")

Indirect

X · X

+676.10K

Price / share

$85.00

Trade value

$57.47M

% of position

9.5%

4/21/2026

7.08M→7.76M

Common Stock

Indirect

X · X

+65K

Price / share

$80.00

Trade value

$5.20M

% of position

0.8%

4/21/2026

7.76M→7.82M

Total

Net shares

+741.10K

Net value

$62.67M

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	4/21/2026	X · X	+676.10K	$85.00	$57.47M	9.5%	7.08M	7.76M
Common Stock Indirect	4/21/2026	X · X	+65K	$80.00	$5.20M	0.8%	7.76M	7.82M
Total			+741.10K		$62.67M

Derivative Transactions3

Call Option (right to buy)

Indirect

X · X

Converts to

Common Stock

655K shares

−6.55K

Strike price

Held after

0.00

Exercisable

—

4/21/2026

Call Option (right to buy)

Indirect

X · X

Converts to

Common Stock

65K shares

−650.00

Strike price

Held after

0.00

Exercisable

—

4/21/2026

Call Option (right to buy)

Indirect

X · X

Converts to

Common Stock

21.10K shares

−211.00

Strike price

Held after

0.00

Exercisable

—

4/21/2026

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable
Call Option (right to buy) Indirect	Common Stock655K shares	4/21/2026	X · X	−6.55K	85	—
Call Option (right to buy) Indirect	Common Stock65K shares	4/21/2026	X · X	−650.00	80	—
Call Option (right to buy) Indirect	Common Stock21.10K shares	4/21/2026	X · X	−211.00	85	—