Pentwater Capital Management's Section 16(b) Short-Swing Profit Disgorgement for Avis Budget Group Options

This SEC Form 4 filing reports derivative transactions by Pentwater Capital Management LP and its principal Matthew Halbower regarding Avis Budget Group, Inc. (CAR) securities. The filing discloses sales of call options on April 23, 2026, with various strike prices and expiration dates. Notably, the reporting persons acknowledge several matchable transactions under Section 16(b) of the Securities Exchange Act, involving short-swing profits from sales by Pentwater Equity Opportunities Master Fund Ltd., Crown Managed Accounts SPC, and Pentwater Merger Arbitrage Master Fund Ltd. The filing states that the reporting persons are engaged in discussions with Avis Budget Group and have agreed to voluntarily disgorge any short-swing profits realized from these matchable transactions in accordance with Section 16(b) requirements. The filing is split into 6 forms due to SEC limitations of 30 transactions per form, with this being form 4 of 6.