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Pentwater Capital Management LP's Form 4/A amendment

Amended

Avis Budget Group, Inc.CAR · filed May 12, 2026

Accession no.
0000902664-26-002384
Filed
May 12, 2026, 3:50 PM ET
Trade date
Apr 23, 2026
Filing delay
19 days
Rule 10b5-1 plan
Not checked
Original filed
Apr 28, 2026

This filing lists 1 non-derivative transaction and 30 derivative transactions. Open-market sales total $223.1M. It was filed 19 days after the trade.

Reporting owners

A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.

Reporting owners on this filing
OwnerRelationship to the company
Pentwater Capital Management LPCIK 000142585110% Owner
Halbower MatthewCIK 000212102110% Owner

Non-derivative securities (Table I)

Acquisitions and disposals of common stock and similar shares, one row per line on the filing.

Non-derivative transactions
Trade dateSecurityTransactionSharesPriceValueShares afterOwnershipFlags
Apr 23, 2026Common StockSSaleDisposed−843,201$264.60−$223,110,984.63,485,000IndirectDuplicate filing

Derivative securities (Table II)

Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.

Derivative transactions
Trade dateSecurityTransactionUnderlying sharesUnit priceValueHeld afterOwnershipFlags
Apr 23, 2026Common StockSSaleDisposed−100$20.06−$20.061IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−700$20.06−$140.427IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−400$20.06−$80.244IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−3,200$20.06−$641.9232IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−1,000$19.97−$199.710IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−200$19.97−$39.942IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−200$19.97−$39.942IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−1,400$19.97−$279.5814IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−800$19.97−$159.768IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−6,400$19.97−$1,278.0864IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−500$22.66−$113.35IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−100$22.66−$22.661IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−100$22.66−$22.661IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−700$22.66−$158.627IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−400$22.66−$90.644IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−3,200$22.66−$725.1232IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−500$19.06−$95.35IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−100$19.06−$19.061IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−700$19.06−$133.427IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−400$19.06−$76.244IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−3,300$19.06−$628.9833IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−500$21.08−$105.45IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−100$21.08−$21.081IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−100$21.08−$21.081IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−700$21.08−$147.567IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−400$21.08−$84.324IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−3,200$21.08−$674.5632IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−500$17.22−$86.15IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−100$17.22−$17.221IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−100$17.22−$17.221IndirectDuplicate filing

Footnotes and remarks

Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.

F1

This Form 4/A is filed by Pentwater Capital Management LP ("PCM") and Matthew Halbower ("Mr. Halbower") (collectively, the "Reporting Persons") with respect to securities held by certain funds (the "Pentwater Funds"), including the funds named herein, to which PCM serves as investment adviser. Mr. Halbower is the sole shareholder of MCH PWCM Holdings Inc., the general partner of PCM. Each of the foregoing disclaims beneficial ownership in the securities reported except to the extent of its or his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. The Reporting Persons are in discussions with the Issuer and, to the extent required pursuant to Section 16(b), will voluntarily pay any realized short swing profits. The Reporting Persons are filing this Form 4/A solely to amend and restate footnotes 2-8 of the Form 4 as follows.

F2

Trades by Oceana Master Fund Ltd.

F3

Trades by Pentwater Credit Master Fund Ltd.

F4

Trades by LMA SPC for and on behalf of the MAP 98 Segregated Portfolio.

F5

Trades by Pentwater Equity Opportunities Master Fund Ltd.

F6

Trades by Crown Managed Accounts SPC acting for and on behalf of Crown/PW Segregated Portfolio.

F7

Trades by Pentwater Merger Arbitrage Master Fund Ltd.

F8

Exercisable at any time.

Remarks

Because of the SEC Form 4 filing limitation of 30 transactions per form, this Form 4 is being split into 6 forms. This is form 3 of 6.

Read the full filing on SEC EDGAR (opens in a new tab)