PENTWATER CAPITAL MANAGEMENT LP

PrivateCIK: 1425851
Location

NAPLES, FL

PENTWATER CAPITAL MANAGEMENT LP sold 30.0% of their position (1.85M shares) of AVIS BUDGET GROUP, INC. on the open market

Open‑market sale worth $510.92M — a significant reduction. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 29 sales
IssuerAVIS BUDGET GROUP, INC.CIK 723612
10% Owner
Since Mar 2026
-1.85M
Net shares
Net seller
$510.92M
Total sold
29
Open market trades
0B · 29S
59
Total transactions
1.85M disposed
Non-Derivative Transactions29

Common Stock

Indirect
S · Sale

Shares

3.35K

Price / share

$438.74

Trade value

$1.47M

% of position

0.1%
4/22/2026
6.18M6.18M

Common Stock

Indirect
S · Sale

Shares

7.60K

Price / share

$257.31

Trade value

$1.96M

% of position

0.1%
4/23/2026
6.18M6.17M

Common Stock

Indirect
S · Sale

Shares

869.00

Price / share

$257.31

Trade value

$223.60K

% of position

0.0%
4/23/2026
6.17M6.17M

Common Stock

Indirect
S · Sale

Shares

145.00

Price / share

$257.31

Trade value

$37.31K

% of position

0.0%
4/23/2026
6.17M6.17M

Common Stock

Indirect
S · Sale

Shares

9.80K

Price / share

$257.31

Trade value

$2.52M

% of position

0.2%
4/23/2026
6.17M6.16M

Common Stock

Indirect
S · Sale

Shares

4.82K

Price / share

$257.31

Trade value

$1.24M

% of position

0.1%
4/23/2026
6.16M6.15M

Common Stock

Indirect
S · Sale

Shares

46.77K

Price / share

$257.31

Trade value

$12.03M

% of position

0.8%
4/23/2026
6.15M6.11M

Common Stock

Indirect
S · Sale

Shares

22.81K

Price / share

$250.61

Trade value

$5.72M

% of position

0.4%
4/23/2026
6.11M6.08M

Common Stock

Indirect
S · Sale

Shares

2.61K

Price / share

$250.61

Trade value

$653.09K

% of position

0.0%
4/23/2026
6.08M6.08M

Common Stock

Indirect
S · Sale

Shares

436.00

Price / share

$250.61

Trade value

$109.27K

% of position

0.0%
4/23/2026
6.08M6.08M

Common Stock

Indirect
S · Sale

Shares

29.41K

Price / share

$250.61

Trade value

$7.37M

% of position

0.5%
4/23/2026
6.08M6.05M

Common Stock

Indirect
S · Sale

Shares

14.45K

Price / share

$250.61

Trade value

$3.62M

% of position

0.2%
4/23/2026
6.05M6.04M

Common Stock

Indirect
S · Sale

Shares

140.30K

Price / share

$250.61

Trade value

$35.16M

% of position

2.3%
4/23/2026
6.04M5.90M

Common Stock

Indirect
S · Sale

Shares

17.24K

Price / share

$290.38

Trade value

$5.01M

% of position

0.3%
4/23/2026
5.90M5.88M

Common Stock

Indirect
S · Sale

Shares

8.81K

Price / share

$290.38

Trade value

$2.56M

% of position

0.1%
4/23/2026
5.88M5.87M

Common Stock

Indirect
S · Sale

Shares

1.34K

Price / share

$290.38

Trade value

$389.40K

% of position

0.0%
4/23/2026
5.87M5.87M

Common Stock

Indirect
S · Sale

Shares

99.42K

Price / share

$290.38

Trade value

$28.87M

% of position

1.7%
4/23/2026
5.87M5.77M

Common Stock

Indirect
S · Sale

Shares

48.84K

Price / share

$290.38

Trade value

$14.18M

% of position

0.8%
4/23/2026
5.77M5.72M

Common Stock

Indirect
S · Sale

Shares

474.35K

Price / share

$290.38

Trade value

$137.74M

% of position

8.3%
4/23/2026
5.72M5.25M

Common Stock

Indirect
S · Sale

Shares

6.96K

Price / share

$278.44

Trade value

$1.94M

% of position

0.1%
4/23/2026
5.25M5.24M

Common Stock

Indirect
S · Sale

Shares

1.04K

Price / share

$278.44

Trade value

$289.30K

% of position

0.0%
4/23/2026
5.24M5.24M

Common Stock

Indirect
S · Sale

Shares

78.56K

Price / share

$278.44

Trade value

$21.88M

% of position

1.5%
4/23/2026
5.24M5.16M

Common Stock

Indirect
S · Sale

Shares

38.60K

Price / share

$278.44

Trade value

$10.75M

% of position

0.7%
4/23/2026
5.16M5.12M

Common Stock

Indirect
S · Sale

Shares

374.84K

Price / share

$278.44

Trade value

$104.37M

% of position

7.3%
4/23/2026
5.12M4.75M

Common Stock

Indirect
S · Sale

Shares

137.06K

Price / share

$264.60

Trade value

$36.27M

% of position

2.9%
4/23/2026
4.75M4.61M

Common Stock

Indirect
S · Sale

Shares

15.66K

Price / share

$264.60

Trade value

$4.14M

% of position

0.3%
4/23/2026
4.61M4.59M

Common Stock

Indirect
S · Sale

Shares

2.63K

Price / share

$264.60

Trade value

$695.10K

% of position

0.1%
4/23/2026
4.59M4.59M

Common Stock

Indirect
S · Sale

Shares

176.73K

Price / share

$264.60

Trade value

$46.76M

% of position

3.8%
4/23/2026
4.59M4.42M

Common Stock

Indirect
S · Sale

Shares

86.82K

Price / share

$264.60

Trade value

$22.97M

% of position

2.0%
4/23/2026
4.42M4.33M
Total

Net shares

1.85M

Net value

-$510.92M

Derivative Transactions30

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

200.00 shares

Shares

2.00

Strike price

260

Held after

2.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

200.00 shares

Shares

2.00

Strike price

260

Held after

2.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

1.40K shares

Shares

14.00

Strike price

260

Held after

14.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

800.00 shares

Shares

8.00

Strike price

260

Held after

8.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

6.40K shares

Shares

64.00

Strike price

260

Held after

64.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

1K shares

Shares

10.00

Strike price

280

Held after

10.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

200.00 shares

Shares

2.00

Strike price

280

Held after

2.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

200.00 shares

Shares

2.00

Strike price

280

Held after

2.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

1.40K shares

Shares

14.00

Strike price

280

Held after

14.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

800.00 shares

Shares

8.00

Strike price

280

Held after

8.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

6.40K shares

Shares

64.00

Strike price

280

Held after

64.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

1K shares

Shares

10.00

Strike price

290

Held after

10.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

200.00 shares

Shares

2.00

Strike price

290

Held after

2.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

200.00 shares

Shares

2.00

Strike price

290

Held after

2.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

1.40K shares

Shares

14.00

Strike price

290

Held after

14.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

800.00 shares

Shares

8.00

Strike price

290

Held after

8.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

6.40K shares

Shares

64.00

Strike price

290

Held after

64.00

Exercisable

4/23/2026

Call Option (obligation to sell)

Indirect
S · Sale
Converts to

Common Stock

500.00 shares

Shares

5.00

Strike price

300

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

300

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

300

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

300

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

300

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

310

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

310

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

310

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

310

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

310

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

310

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

220

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

220

Held after

1.00

Exercisable

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