Cathleen DeGenova - Mar 9, 2023 Form 4 Insider Report for AVIS BUDGET GROUP, INC. (CAR)

Role: Chief Accounting Officer
Signature: Jean M. Sera, by Power of Attorney for Cathleen DeGenova
Stock symbol: CAR
Transactions as of: Mar 9, 2023
Transactions value $: -$540,896
Form type: 4
Date filed: 3/13/2023, 05:43 PM
Previous filing: May 6, 2022
Next filing: Dec 22, 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CAR	Common Stock	Options Exercise	$0	+5.58K	+249.64%	$0.00	7.82K	Mar 9, 2023	Direct	F1
transaction	CAR	Common Stock	Tax liability	-$541K	-2.59K	-33.13%	$208.84	5.23K	Mar 9, 2023	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CAR	Restricted Stock Units	Options Exercise	$0	-1.38K	-100%	$0.00^*	0	Mar 9, 2023	Common Stock	1.38K	$0.00	Direct	F1, F3, F4
transaction	CAR	Restricted Stock Units	Options Exercise	$0	-498	-50%	$0.00	498	Mar 9, 2023	Common Stock	498	$0.00	Direct	F1, F4, F5
transaction	CAR	Restricted Stock Units	Options Exercise	$0	-145	-33.26%	$0.00	291	Mar 9, 2023	Common Stock	145	$0.00	Direct	F1, F4, F6
transaction	CAR	Performance Based Restricted Stock Units	Options Exercise	$0	-3.56K	-100%	$0.00^*	0	Mar 9, 2023	Common Stock	3.56K	$0.00	Direct	F1, F4, F7
transaction	CAR	Restricted Stock Units	Award	$0	+419		$0.00	419	Mar 9, 2023	Common Stock	419	$0.00	Direct	F1, F4, F8
transaction	CAR	Performance Based Restricted Stock Units	Award	$0	+419		$0.00	419	Mar 9, 2023	Common Stock	419	$0.00	Direct	F1, F4, F9

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents restricted stock units which automatically convert to Common Stock upon the vesting of such units on a one-to-one basis.
F2	Represents tax withholdings in connection with the vesting of restricted stock units.
F3	Units vested in three equal installments on March 9, 2021, 2022 and 2023.
F4	Expiration date not applicable.
F5	Units vest in three equal installments on March 9, 2022, 2023 and 2024.
F6	Units vest in three equal installments on March 9, 2023, 2024 and 2025.
F7	Units vested on March 9, 2023 based on the Company's attainment of pre-established performance goals.
F8	Units vest in three equal installments on March 9, 2024, 2025 and 2026.
F9	Units vest on March 9, 2026 based on the Company's attainments of pre-established performance goals. The number of units which could vest range from zero to 150% of the target number of units reported above depending on achievement of such performance goals.