Halbower, Pentwater Capital, Reports Avis Budget Group Ownership
| Field | Detail |
|---|---|
| Company | Halbower Matthew |
| Form Type | 4 |
| Filed Date | Mar 25, 2026 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: insider-reporting, ownership-disclosure, administrative
Related Tickers: CAR
TL;DR
**Matthew Halbower is now a reporting insider for Avis Budget Group, expect future transaction disclosures.**
AI Summary
This Form 4 filing, submitted on March 24, 2026, indicates that Matthew Halbower, associated with Pentwater Capital Management LP, is a reporting owner for Avis Budget Group, Inc. (CAR). While the filing itself doesn't detail specific transactions, it establishes Halbower's reporting obligation regarding his beneficial ownership in Avis Budget Group. This matters to investors because it signals that a significant individual, likely an institutional investor given the Pentwater Capital Management LP association, has a reportable interest in CAR, and future filings will disclose any changes in their holdings, which can influence stock perception.
Why It Matters
This filing establishes Matthew Halbower's reporting status for Avis Budget Group, Inc., meaning future transactions by him or Pentwater Capital Management LP will be disclosed, providing transparency into significant investor activity.
Risk Assessment
Risk Level: low — This filing is purely administrative, establishing a reporting relationship, and does not indicate any immediate financial risk or opportunity.
Analyst Insight
Investors should add Matthew Halbower and Pentwater Capital Management LP to their watchlists for Avis Budget Group, Inc. to monitor future insider buying or selling activity, as this filing merely establishes their reporting obligation.
Key Players & Entities
- Halbower Matthew (person) — Reporting Owner
- Pentwater Capital Management LP (company) — Reporting Owner
- Avis Budget Group, INC. (company) — Issuer
- 0002121021 (person) — CIK for Halbower Matthew
- 0001425851 (company) — CIK for Pentwater Capital Management LP
- 0000723612 (company) — CIK for Avis Budget Group, INC.
Forward-Looking Statements
- Matthew Halbower or Pentwater Capital Management LP will file subsequent Form 4s detailing transactions in Avis Budget Group, Inc. shares. (Halbower Matthew) — high confidence, target: 2026-06-24
FAQ
Who is the primary reporting individual identified in this Form 4 filing?
The primary reporting individual identified in this Form 4 filing is Halbower Matthew, with CIK 0002121021.
What company is the issuer of the securities related to this filing?
The issuer of the securities related to this filing is AVIS BUDGET GROUP, INC., with CIK 0000723612.
When was this Form 4 filing submitted and accepted by the SEC?
This Form 4 filing was submitted and accepted by the SEC on March 24, 2026.
What is the relationship between Halbower Matthew and Pentwater Capital Management LP, as indicated by the filing?
Both Halbower Matthew and Pentwater Capital Management LP are listed as 'Reporting' entities, suggesting a close association where Halbower is likely a key figure or principal at Pentwater Capital Management LP, and both are reporting beneficial ownership.
What is the business address for Avis Budget Group, Inc. as stated in the filing?
The business address for Avis Budget Group, Inc. is 379 INTERPACE PARKWAY, PARSIPPANY, NJ 07054.
Filing Stats: 1,162 words · 5 min read · ~4 pages · Grade level 9 · Accepted 2026-03-24 21:35:54
Key Financial Figures
- $0.01 — ) or (D) Price Common Stock, par value $0.01 per share ("Common Stock") 03/20/2026 X
Filing Documents
- ownership.html (4)
- ownership.xml (4) — 41KB
- 0000902664-26-001748.txt ( ) — 43KB
From the Filing
SEC FORM 4 SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. 1. Name and Address of Reporting Person * Pentwater Capital Management LP (Last) (First) (Middle) 1001 10TH AVENUE SOUTH SUITE 216 (Street) NAPLES FLORIDA 34102 (City) (State) (Zip) UNITED STATES (Country) 2. Issuer Name and Ticker or Trading Symbol AVIS BUDGET GROUP, INC. [ CAR ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below) 2a. Foreign Trading Symbol 3. Date of Earliest Transaction (Month/Day/Year) 03/20/2026 6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person 4. If Amendment, Date of Original Filed (Month/Day/Year) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock, par value $0.01 per share ("Common Stock") 03/20/2026 X 1,236,300 A $ 110 6,673,600 I See footnote (1) Common Stock 03/20/2026 X 376,600 A $ 120 7,050,200 I See footnote (1) Common Stock 03/20/2026 X 53,800 A $ 125 7,104,000 I See footnote (1) Common Stock 03/20/2026 X 4,300 A $ 130 7,108,300 I See footnote (1) Common Stock 03/20/2026 X 60,000 D $ 110 7,048,300 I See footnote (1) Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Put Option (obligation to buy) $ 110 03/20/2026 X 12,363 (2) 03/20/2026 Common Stock 1,236,300 $ 0 0 I See footnote (1) Put Option (obligation to buy) $ 120 03/20/2026 X 3,766 (2) 03/20/2026 Common Stock 376,600 $ 0 0 I See footnote (1) Put Option (obligation to buy) $ 125 03/20/2026 X 538 (2) 03/20/2026 Common Stock 53,800 $ 0 0 I See footnote (1) Put Option (obligation to buy) $ 130 03/20/2026 X 43 (2) 03/20/2026 Common Stock 4,300 $ 0 0 I See footnote (1) Put Option (right to sell) $ 110 03/20/2026 X 600 (2) 03/20/2026 Common Stock 60,000 $ 0 0 I See footnote (1) Call Option (obligation to sell) $ 150 03/20/2026 E 600 (2) 03/20/2026 Common Stock 60,000 $ 0 0 I See footnote (1) Call Option (obligation to sell) $ 150 03/20/2026 E 11,138 (2) 03/20/2026 Common Stock 1,113,800 $ 0 0 I See footnote (1) Call Option (obligation to sell) $ 240 03/20/2026 E 1,000 (2) 03/20/2026 Common Stock 100,000 $ 0 0 I See footnote (1) Call Option (obligation to sell) $ 260 03/20/2026 E 12,303 (2) 03/20/2026 Common Stock 1,230,300 $ 0 0 I See footnote (1) Call Option (obligation to sell) $ 270 03/20/2026 E 6,150 (2) 03/20/2026 Common Stock 615,000 $ 0 0 I See footnote (1) Call Option (obligation to sell) $ 280 03/20/2026 E 8,350 (2) 03/20/2026 Common Stock 835,000 $ 0 0 I See footnote (1) Call Option (obligation to sell) $ 290 03/20/2026 E 3,700 (2) 03/20/2026 Common Stock 370,000 $ 0 0 I See footnote (1) Call Option (obligation to sell) $ 310 03/20/2026 E 100 (2) 03/20/2026 Common Stock 10,000 $ 0 0 I See footnote (1) 1. Name and Address of Reporting Person * Pentwater Capital Management LP (Last) (First) (Middle) 1001