Pentwater Capital Management LP bought $40M of CAR
owner at AVIS BUDGET GROUP, INC.. 425,000 shares at an average of $94.26, traded Feb 20, 2026, filed Feb 24, 2026.
Score components
- +12Role10% owner
- +25Trade size$40.1M at market
- +3Relative to holdingsHoldings up 12%
- +8Price context54% below the 52-week high
- 0ClusterNo other insider buying within 14 days
- 0Repeat buyingFirst buy in 90 days
- 0Track recordToo few past buys to judge (0 with prices)
- -5Outside holderA 10% owner who is not an officer or director
What happened after comparable buys
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 +48.5%, 3m +77.2%, 6m +54.4%.
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.
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 0000902664-26-001278, as filed. Open on EDGAR
| Date | Transaction | Shares | Price | Value | Holdings after | Filed |
|---|---|---|---|---|---|---|
| Feb 20, 2026 | POpen-market purchase Common Stock, par value ("Common Stock")indirect: See footnote | +425,000 | $94.26 | $40M | 3,987,100 | Feb 24, 2026 |
| Feb 23, 2026 | XIn-the-money exercise Common Stockindirect: See footnote | +12,600 | $125.00 | $1.6M | 3,999,700 | Feb 24, 2026 |
| Feb 23, 2026 | XIn-the-money exercise Common Stockindirect: See footnote | +67,500 | $130.00 | $8.8M | 4,067,200 | Feb 24, 2026 |
| Feb 23, 2026 | XIn-the-money exercise Common Stockindirect: See footnote | +5,100 | $150.00 | $765k | 4,072,300 | Feb 24, 2026 |
| Feb 23, 2026 | POpen-market purchase Call Option (right to buy)derivativeindirect: See footnote | +347 | $8.88 | $3,081 | 347 | Feb 24, 2026 |
| Feb 23, 2026 | SOpen-market sale Put Option (obligation to buy)derivativeindirect: See footnote | -347 | $5.88 | $2,040 | 347 | Feb 24, 2026 |
| Feb 23, 2026 | XIn-the-money exercise Put Option (obligation to buy)derivativeindirect: See footnote | -126 | $0.00 | $0 | 6,667 | Feb 24, 2026 |
| Feb 23, 2026 | XIn-the-money exercise Put Option (obligation to buy)derivativeindirect: See footnote | -675 | $0.00 | $0 | 1,875 | Feb 24, 2026 |
| Feb 23, 2026 | XIn-the-money exercise Put Option (obligation to buy)derivativeindirect: See footnote | -51 | $0.00 | $0 | 3 | Feb 24, 2026 |
| Feb 23, 2026 | JOther Cash-Settled Total Return Swapsderivativeindirect: See footnote | +55,000 | - | - | 1,888,910 | Feb 24, 2026 |
| Feb 24, 2026 | JOther Cash-Settled Total Return Swapsderivativeindirect: See footnote | -200 | - | - | 0 | Feb 24, 2026 |
| Feb 24, 2026 | POpen-market purchase Call Option (right to buy)derivativeindirect: See footnote | +650 | $20.29 | $13k | 650 | Feb 24, 2026 |
| Feb 24, 2026 | SOpen-market sale Put Option (obligation to buy)derivativeindirect: See footnote | -650 | $9.79 | $6,366 | 650 | Feb 24, 2026 |
Related signals
Other insiders at AVIS BUDGET GROUP, INC. and this insider’s other filings.
| Score | Company | Insider | Value | Holdings | Filed |
|---|---|---|---|---|---|
| 40Moderate | CARsell AVIS BUDGET GROUP, INC. | Ravi Simhambhatla EVP, CDIO - see remarks | $653k 4,702 shares | -20% | |
| 57Moderate | AVIS BUDGET GROUP, INC. | Pentwater Capital Management LP owner | $1.0B 1,643,653 shares | -21% | |
| 62Notable | AVIS BUDGET GROUP, INC. | Pentwater Capital Management LP owner | $511M 1,852,246 shares | -30% | |
| 57Moderate | AVIS BUDGET GROUP, INC. | Pentwater Capital Management LP owner | $223M 843,201 shares | -19% | |
| 60Notable | AVIS BUDGET GROUP, INC. | Edward P Linnen EVP, Chief HR Officer | $1.7M 9,483 shares | -20% | |
| 55Moderate | AVIS BUDGET GROUP, INC. | Ravi Simhambhatla EVP, CDIO - see remarks | $639k 3,469 shares | -20% | |
| 57Moderate | AVIS BUDGET GROUP, INC. | Pentwater Capital Management LP owner | $1.0B 1,643,653 shares | -21% | |
| 62Notable | AVIS BUDGET GROUP, INC. | Pentwater Capital Management LP owner | $511M 1,852,246 shares | -30% | |
| 57Moderate | 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.