Simhambhatla Ravi 4

What Happened
Ravi Simhambhatla, EVP & Chief Digital and Innovation Officer at Avis Budget Group (CAR), had 2,394 restricted stock units (RSUs) vest and convert to common stock on March 12, 2026. Of those shares, 751 were withheld (disposed) to cover taxes at $99.56 per share, producing proceeds of $74,770. The remaining vested RSUs converted one-for-one into common shares (no cash purchase).

Key Details

• Transaction date: March 12, 2026; Form filed March 16, 2026 (filed timely).
• Converted/vested: 2,394 RSUs converted to Common Stock (code M / A; acquisition via vesting).
• Tax withholding: 751 shares withheld/disposed at $99.56 each for ~$74,770 (code F — tax withholding).
• Vesting schedule note: Units vest in three equal installments on Mar 12, 2026, 2027 and 2028 (this transaction reflects one installment).
• Shares owned after the transaction: not specified in the filing.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = tax withholding; A = award/derivative entry.

Context
This was not an open-market purchase or a voluntary sale for investment purposes — it was a routine vesting of RSUs with a standard cashless tax-withholding (shares surrendered to cover taxes). Such filings reflect compensation vesting rather than a directional bet by the insider.