AVIS BUDGET GROUP, INC. — Director's Dealing 2023

Jul 5, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AVIS BUDGET GROUP, INC. (CAR)
CIK: 0000723612
Period of Report: 2023-06-30

Reporting Person: Hees Bernardo (Director, Executive Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-06-30	Common Stock	M	24833	—	Acquired	480448	Indirect
2023-07-01	Common Stock	M	37500	—	Acquired	517948	Indirect
2023-07-01	Common Stock	F	27988	$228.67	Disposed	489960	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-06-30	Restricted Stock Units	$0.0	M	14563	Disposed		Common Stock (14563.0)	Direct
2023-06-30	Restricted Stock Units	$0.0	M	10270	Disposed		Common Stock (10270.0)	Direct
2023-07-01	Performance Based Restricted Stock Units	$0.0	M	37500	Disposed		Common Stock (37500.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1525	Indirect

Footnotes

F1: Represents restricted stock units which automatically convert to Common Stock upon the vesting of such units on a one-to-one basis.

F2: Reflects shares held by the BHJH Master Trust LLC. By virtue of his position as chief investment adviser of BHJH Master Trust LLC, Bernardo Hees may be deemed to be a beneficial owner of the securities listed.

F3: Represents tax withholdings in connection with the vesting of restricted stock units.

F4: Units vested in three equal installments on June 30, 2021, 2022 and 2023.

F5: Expiration date not applicable.

F6: Units vested on July 1, 2023 based on the Company's attainment of pre-established performance goals.