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sellNotable cluster of 2

Bernardo Hees sold $63M of CAR

Executive Chairman at AVIS BUDGET GROUP, INC.. 402,200 shares at an average of $156.59, traded Aug 4, 2025, filed Aug 6, 2025.

Warning score
68
Value
$63M
402,200 shares
Holdings after
116,521
-78% from before
From 52-week low
+189%
low $55.49, close $160.46
From 52-week high
-23%
high $207.55, as of Aug 4, 2025

Score components

  • Role
    Director
    +15
  • Trade size
    $63.0M at market
    +25
  • Share of holdings sold
    Sold 78% of holdings
    +20
  • Cluster
    2 insiders selling within 14 days
    +8

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

This signal so far: 1m -0.2%, 3m -10.5%, 6m -21.5%.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

CAROct 12, 2026 · close 105.10
Since filing Aug 6, 2025: -32.9%SPY +24.6% · excess -57.5%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0000723612-25-000069, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Aug 4, 2025SOpen-market sale
Common Stockindirect: See footnote
-400,000$156.57$63M118,721Aug 6, 2025
Aug 4, 2025SOpen-market sale
Common Stockindirect: See footnote
-2,200$160.26$353k116,521Aug 6, 2025

Related signals

Other insiders at AVIS BUDGET GROUP, INC. and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
40Moderate
CARsell
AVIS BUDGET GROUP, INC.
Ravi Simhambhatla
EVP, CDIO - see remarks
$653k
4,702 shares
-20%
57Moderate
CARsell 3
AVIS BUDGET GROUP, INC.
Pentwater Capital Management LP
owner
$1.0B
1,643,653 shares
-21%
62Notable
CARsell 3
AVIS BUDGET GROUP, INC.
Pentwater Capital Management LP
owner
$511M
1,852,246 shares
-30%
57Moderate
CARsell 3
AVIS BUDGET GROUP, INC.
Pentwater Capital Management LP
owner
$223M
843,201 shares
-19%
60Notable
CARsell 3
AVIS BUDGET GROUP, INC.
Edward P Linnen
EVP, Chief HR Officer
$1.7M
9,483 shares
-20%
55Moderate
CARsell 3
AVIS BUDGET GROUP, INC.
Ravi Simhambhatla
EVP, CDIO - see remarks
$639k
3,469 shares
-20%
57Moderate
CARsell 3
AVIS BUDGET GROUP, INC.
Pentwater Capital Management LP
owner
$1.0B
1,643,653 shares
-21%
62Notable
CARsell 3
AVIS BUDGET GROUP, INC.
Pentwater Capital Management LP
owner
$511M
1,852,246 shares
-30%
57Moderate
CARsell 3
AVIS BUDGET GROUP, INC.
Pentwater Capital Management LP
owner
$223M
843,201 shares
-19%
47Moderate
CARsell
AVIS BUDGET GROUP, INC.
Lynn Krominga
director
$179k
1,950 shares
-100%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Bernardo Hees sold $63M of CAR | InsiderTell