Pentwater Capital Management's Call Option Sales in Avis Budget Group

This SEC Form 4 filing reports derivative transactions by Pentwater Capital Management LP and Matthew Halbower, who are 10% owners of Avis Budget Group, Inc. (CAR). The filing documents the sale of call options (obligations to sell) across multiple funds managed by Pentwater on April 23, 2026, with expiration dates of May 15, 2026. The transactions involve call options with strike prices ranging from $340 to $400 per share, with option premiums received between $19.68 and $24.08 per share. The filing is part 6 of 6 due to SEC Form 4 limitations of 30 transactions per form. Notably, the filing discloses that certain transactions are matchable under Section 16(b) of the Securities Exchange Act, and the reporting persons have agreed to voluntarily disgorge any short-swing profits to the issuer from these matchable transactions. The transactions involve various Pentwater funds including Pentwater Equity Opportunities Master Fund Ltd., Pentwater Merger Arbitrage Master Fund Ltd., and Crown Managed Accounts SPC.