Choi Brian J 4

What Happened
Brian J. Choi, CEO of Avis Budget Group (CAR), had 9,977 restricted stock units (RSUs) vest on March 12, 2026. The RSUs converted one-for-one into common shares (reported as derivative exercise/conversion at $0). To satisfy tax withholding obligations, 4,756 of those shares were withheld (disposed) at an implied value of $99.56 per share, totaling $473,507. Net shares delivered to Choi from this vesting were 5,221.

Key Details

• Transaction date: March 12, 2026; Form 4 filed March 16, 2026 (filed within two business days).
• Entries reported: M = conversion of 9,977 RSUs into common stock (acquired at $0); F = 4,756 shares withheld for taxes at $99.56/share = $473,507 (disposed).
• Net shares retained from this vesting: 5,221 (9,977 vested − 4,756 withheld).
• Shares owned after the transaction: not specified in the filing.
• Footnotes: F1/F2 note these were RSUs converting one-to-one on vesting and F2 confirms tax withholding; F3 indicates the award vests in three equal installments on March 12 of 2026, 2027 and 2028.

Context
This was a routine RSU vesting event, not an open-market buy or sale of shares for investment purposes. The $0 exercise price and the separate tax-withholding disposition are typical for RSU vesting (reported as derivative conversion plus withholding). These filings are primarily informational and do not, by themselves, indicate the insider's buying or selling intent.