March 20, 2026 · Form 4 insider transaction
Pentwater Capital Management LP bought 376,600 shares of Avis Budget Group, Inc. at $120.00 per share, a transaction worth $45.19M. The trade was recorded as exercise of in-the-money option and disclosed on an SEC Form 4, filed 4 days after the transaction.
This Form 4 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") 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 on this Form 4 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 Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.