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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.
0000902664-26-002386
Filed
May 12, 2026, 3:53 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 30 derivative transactions. 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.

This filing has no transactions of this kind.

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−400$28.75−$1154IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−3,200$28.75−$92032IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−1,000$34.34−$343.410IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−200$34.34−$68.682IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−200$34.34−$68.682IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−1,400$34.34−$480.7614IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−800$34.34−$274.728IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−6,400$34.34−$2,197.7664IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−500$51.85−$259.255IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−100$51.85−$51.851IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−100$51.85−$51.851IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−700$51.85−$362.957IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−400$51.85−$207.44IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−3,200$51.85−$1,659.232IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−10,000$49.82−$4,982100IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−20,000$47.80−$9,560200IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−2,000$44.48−$889.620IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−400$44.48−$177.924IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−300$44.48−$133.443IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−2,800$44.48−$1,245.4428IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−1,600$44.48−$711.6816IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−12,900$44.48−$5,737.92129IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−1,000$27.89−$278.910IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−200$27.89−$55.782IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−200$27.89−$55.782IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−1,400$27.89−$390.4614IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−800$27.89−$223.128IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−6,400$27.89−$1,784.9664IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−500$24.08−$120.45IndirectDuplicate filing
Apr 23, 2026Common StockSSaleDisposed−100$24.08−$24.081IndirectDuplicate 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 5 of 6.

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