PENTWATER CAPITAL MANAGEMENT LP

PrivateCIK: 1425851
Location

NAPLES, FL

PENTWATER CAPITAL MANAGEMENT LP sold 21.0% of their position (1.64M shares) of AVIS BUDGET GROUP, INC. on the open market

Open‑market sale worth $1.02B — a significant reduction. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 30 sales
IssuerAVIS BUDGET GROUP, INC.CIK 723612
10% Owner
Since Mar 2026
-1.64M
Net shares
Net seller
$1.02B
Total sold
30
Open market trades
0B · 30S
60
Total transactions
1.64M disposed
Non-Derivative Transactions30

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

Indirect
S · Sale

Shares

58.53K

Price / share

$702.24

Trade value

$41.10M

% of position

0.7%
4/22/2026
7.82M7.77M

Common Stock

Indirect
S · Sale

Shares

6.69K

Price / share

$702.24

Trade value

$4.70M

% of position

0.1%
4/22/2026
7.77M7.76M

Common Stock

Indirect
S · Sale

Shares

9.78K

Price / share

$702.24

Trade value

$6.87M

% of position

0.1%
4/22/2026
7.76M7.75M

Common Stock

Indirect
S · Sale

Shares

42.77K

Price / share

$648.56

Trade value

$27.74M

% of position

0.6%
4/22/2026
7.75M7.71M

Common Stock

Indirect
S · Sale

Shares

4.89K

Price / share

$648.56

Trade value

$3.17M

% of position

0.1%
4/22/2026
7.71M7.70M

Common Stock

Indirect
S · Sale

Shares

7.15K

Price / share

$648.56

Trade value

$4.64M

% of position

0.1%
4/22/2026
7.70M7.69M

Common Stock

Indirect
S · Sale

Shares

52.88K

Price / share

$648.56

Trade value

$34.30M

% of position

0.7%
4/22/2026
7.69M7.64M

Common Stock

Indirect
S · Sale

Shares

25.98K

Price / share

$648.56

Trade value

$16.85M

% of position

0.3%
4/22/2026
7.64M7.62M

Common Stock

Indirect
S · Sale

Shares

252.32K

Price / share

$648.56

Trade value

$163.65M

% of position

3.3%
4/22/2026
7.62M7.36M

Common Stock

Indirect
S · Sale

Shares

2.22K

Price / share

$620.79

Trade value

$1.38M

% of position

0.0%
4/22/2026
7.36M7.36M

Common Stock

Indirect
S · Sale

Shares

253.00

Price / share

$620.79

Trade value

$157.06K

% of position

0.0%
4/22/2026
7.36M7.36M

Common Stock

Indirect
S · Sale

Shares

371.00

Price / share

$620.79

Trade value

$230.31K

% of position

0.0%
4/22/2026
7.36M7.36M

Common Stock

Indirect
S · Sale

Shares

2.74K

Price / share

$620.79

Trade value

$1.70M

% of position

0.0%
4/22/2026
7.36M7.36M

Common Stock

Indirect
S · Sale

Shares

1.35K

Price / share

$620.79

Trade value

$835.58K

% of position

0.0%
4/22/2026
7.36M7.36M

Common Stock

Indirect
S · Sale

Shares

13.07K

Price / share

$620.79

Trade value

$8.12M

% of position

0.2%
4/22/2026
7.36M7.34M

Common Stock

Indirect
S · Sale

Shares

65.73K

Price / share

$620.50

Trade value

$40.79M

% of position

0.9%
4/22/2026
7.34M7.28M

Common Stock

Indirect
S · Sale

Shares

7.51K

Price / share

$620.50

Trade value

$4.66M

% of position

0.1%
4/22/2026
7.28M7.27M

Common Stock

Indirect
S · Sale

Shares

1.83K

Price / share

$620.50

Trade value

$1.14M

% of position

0.0%
4/22/2026
7.27M7.27M

Common Stock

Indirect
S · Sale

Shares

81.27K

Price / share

$620.50

Trade value

$50.43M

% of position

1.1%
4/22/2026
7.27M7.19M

Common Stock

Indirect
S · Sale

Shares

39.93K

Price / share

$620.50

Trade value

$24.77M

% of position

0.6%
4/22/2026
7.19M7.15M

Common Stock

Indirect
S · Sale

Shares

387.73K

Price / share

$620.50

Trade value

$240.59M

% of position

5.4%
4/22/2026
7.15M6.76M

Common Stock

Indirect
S · Sale

Shares

62.79K

Price / share

$588.35

Trade value

$36.94M

% of position

0.9%
4/22/2026
6.76M6.70M

Common Stock

Indirect
S · Sale

Shares

7.18K

Price / share

$588.35

Trade value

$4.22M

% of position

0.1%
4/22/2026
6.70M6.69M

Common Stock

Indirect
S · Sale

Shares

80.96K

Price / share

$588.35

Trade value

$47.64M

% of position

1.2%
4/22/2026
6.69M6.61M

Common Stock

Indirect
S · Sale

Shares

39.78K

Price / share

$588.35

Trade value

$23.40M

% of position

0.6%
4/22/2026
6.61M6.57M

Common Stock

Indirect
S · Sale

Shares

386.29K

Price / share

$588.35

Trade value

$227.28M

% of position

5.9%
4/22/2026
6.57M6.18M

Common Stock

Indirect
S · Sale

Shares

544.00

Price / share

$438.74

Trade value

$238.67K

% of position

0.0%
4/22/2026
6.18M6.18M

Common Stock

Indirect
S · Sale

Shares

62.00

Price / share

$438.74

Trade value

$27.20K

% of position

0.0%
4/22/2026
6.18M6.18M

Common Stock

Indirect
S · Sale

Shares

702.00

Price / share

$438.74

Trade value

$308K

% of position

0.0%
4/22/2026
6.18M6.18M

Common Stock

Indirect
S · Sale

Shares

345.00

Price / share

$438.74

Trade value

$151.37K

% of position

0.0%
4/22/2026
6.18M6.18M
Total

Net shares

1.64M

Net value

-$1.02B

Derivative Transactions30

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

500.00 shares

Shares

5.00

Strike price

270

Held after

5.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

100.00 shares

Shares

1.00

Strike price

270

Held after

1.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

100.00 shares

Shares

1.00

Strike price

270

Held after

1.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

700.00 shares

Shares

7.00

Strike price

270

Held after

7.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

400.00 shares

Shares

4.00

Strike price

270

Held after

4.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

3.20K shares

Shares

32.00

Strike price

270

Held after

32.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

500.00 shares

Shares

5.00

Strike price

280

Held after

5.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

100.00 shares

Shares

1.00

Strike price

280

Held after

1.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

100.00 shares

Shares

1.00

Strike price

280

Held after

1.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

700.00 shares

Shares

7.00

Strike price

280

Held after

7.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

400.00 shares

Shares

4.00

Strike price

280

Held after

4.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

3.20K shares

Shares

32.00

Strike price

280

Held after

32.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

500.00 shares

Shares

5.00

Strike price

282.5

Held after

5.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

100.00 shares

Shares

1.00

Strike price

282.5

Held after

1.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

700.00 shares

Shares

7.00

Strike price

282.5

Held after

7.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

400.00 shares

Shares

4.00

Strike price

282.5

Held after

4.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

3.30K shares

Shares

33.00

Strike price

282.5

Held after

33.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

500.00 shares

Shares

5.00

Strike price

290

Held after

5.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

100.00 shares

Shares

1.00

Strike price

290

Held after

1.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

100.00 shares

Shares

1.00

Strike price

290

Held after

1.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

700.00 shares

Shares

7.00

Strike price

290

Held after

7.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

400.00 shares

Shares

4.00

Strike price

290

Held after

4.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

3.20K shares

Shares

32.00

Strike price

290

Held after

32.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

500.00 shares

Shares

5.00

Strike price

320

Held after

5.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

100.00 shares

Shares

1.00

Strike price

320

Held after

1.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

100.00 shares

Shares

1.00

Strike price

320

Held after

1.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

700.00 shares

Shares

7.00

Strike price

320

Held after

7.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

400.00 shares

Shares

4.00

Strike price

320

Held after

4.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

3.20K shares

Shares

32.00

Strike price

320

Held after

32.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

1K shares

Shares

10.00

Strike price

260

Held after

10.00

Exercisable

4/23/2026
PENTWATER CAPITAL MANAGEMENT LP — Insider Transaction (Form 4) Filed Apr 28, 2026 | Finecho