Simhambhatla Ravi 4

What Happened

• Ravi Simhambhatla, EVP & Chief Digital and Innovation Officer at Avis Budget Group (CAR), had restricted stock units (RSUs) vest on March 13, 2026. 1,326 RSUs converted to common shares (awarded at $0.00 per share).
• To satisfy tax withholding, 416 of those shares were surrendered/disposed at $100.71 per share, totaling $41,895. The remaining vested shares were retained as common stock.
• This is an award/vesting event with tax withholding (routine compensation-related transaction), not an open-market purchase or sale for trading purposes.

Key Details

• Transaction date: March 13, 2026; Form filed March 17, 2026 (timely).
• Award: 1,326 RSUs converted to 1,326 common shares (recorded as acquisition A at $0.00).
• Tax withholding: 416 shares disposed (code F) at $100.71 each, total $41,895.
• Footnotes: F1 = RSUs convert one-for-one to common stock; F2 = tax withholding; F3 = units vest in three equal installments on Mar 13, 2025, 2026, 2027; F4 = expiration not applicable.
• Shares owned after the transaction are not specified in this filing.

Context

• This was a standard RSU vesting event. The disposal of 416 shares was to cover tax obligations (a withholding), not a market sale intended to realize gains.
• For retail investors, awards and tax-withholding disposals are routine compensation events and do not necessarily signal insider sentiment about future stock performance.