Simhambhatla Ravi 4

What Happened
Ravi Simhambhatla, EVP & Chief Digital & Innovation Officer at Avis Budget Group (CAR), had restricted stock units (RSUs) and related dividend equivalent units (DEUs) convert to common stock upon vesting on March 9, 2026. The filing shows 758 shares were acquired upon conversion (transaction code M). To satisfy tax withholding, 239 shares were withheld/disposed at $95.89 per share, totaling $22,918 (transaction code F). The report also lists two additional derivative dispositions of 719 and 39 shares reported at $0, which reflect settlement/conversion activity related to the award rather than open-market sales.

Key Details

• Transaction date: March 9, 2026; Form 4 filed March 11, 2026 (appears timely).
• Acquired: 758 shares via conversion of derivative awards (code M) at $0 (vested RSUs/DEUs).
• Disposed/withheld for taxes: 239 shares at $95.89, proceeds/withholding value $22,918 (code F).
• Additional derivative entries: 719 and 39 shares reported as disposed at $0 (related to conversion/settlement of awards).
• Footnotes: RSUs and DEUs convert one-for-one to common stock on vesting; units vest in three equal installments (Mar 9, 2024; 2025; 2026). The 239-share disposition represents tax withholding.
• Shares owned after the transaction: not reported in this filing.

Context
This activity is vesting-related (RSU/DEU settlement) rather than an open-market purchase or a voluntary sale. Withholding of shares to cover taxes is routine for equity awards and does not necessarily indicate a change in insider sentiment. Transaction codes: M = exercise/conversion of derivative awards; F = payment of exercise price or tax liability (withholding).