sellNotable cluster of 3
Pentwater Capital Management LP sold $511M of CAR
owner at AVIS BUDGET GROUP, INC.. 1,852,246 shares at an average of $275.84, traded Apr 22, 2026, filed Apr 28, 2026.
Warning score
62Value
$511M
1,852,246 shares
Holdings after
4,328,201
-30% from before
From 52-week low
+423%
low $84.89, close $443.94
From 52-week high
-38%
high $713.97, as of Apr 22, 2026
Score components
- +12Role10% owner
- +25Trade size$510.9M at market
- +10Share of holdings soldSold 30% of holdings
- +15Cluster3 insiders selling within 14 days
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 -3.9%, 3m -8.6%, 6m -.
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 9, 2026 · close 105.98
Since filing Apr 28, 2026: -41.8%SPY +10.0% · excess -51.7%
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 0000902664-26-002182, as filed. Open on EDGAR
| Date | Transaction | Shares | Price | Value | Holdings after | Filed |
|---|---|---|---|---|---|---|
| Apr 22, 2026 | SOpen-market sale Common Stockindirect: Pentwater Merger Arbitrage Master Fund Ltd. | -3,347 | $438.74 | $1.5M | 6,177,100 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Common Stockindirect: Oceana Master Fund Ltd. | -7,602 | $257.31 | $2.0M | 6,169,498 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Common Stockindirect: Pentwater Credit Master Fund Ltd. | -869 | $257.31 | $224k | 6,168,629 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Common Stockindirect: LMA SPC for and on behalf of the MAP 98 Segregated Portfolio | -145 | $257.31 | $37k | 6,168,484 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Common Stockindirect: Pentwater Equity Opportunities Master Fund Ltd. | -9,802 | $257.31 | $2.5M | 6,158,682 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Common Stockindirect: Crown Managed Accounts SPC acting for and on behalf of Crown/PW Segregated Portfolio | -4,815 | $257.31 | $1.2M | 6,153,867 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Common Stockindirect: Pentwater Merger Arbitrage Master Fund Ltd. | -46,767 | $257.31 | $12M | 6,107,100 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Common Stockindirect: Oceana Master Fund Ltd. | -22,806 | $250.61 | $5.7M | 6,084,294 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Common Stockindirect: Pentwater Credit Master Fund Ltd. | -2,606 | $250.61 | $653k | 6,081,688 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Common Stockindirect: LMA SPC for and on behalf of the MAP 98 Segregated Portfolio | -436 | $250.61 | $109k | 6,081,252 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Common Stockindirect: Pentwater Equity Opportunities Master Fund Ltd. | -29,406 | $250.61 | $7.4M | 6,051,846 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Common Stockindirect: Crown Managed Accounts SPC acting for and on behalf of Crown/PW Segregated Portfolio | -14,446 | $250.61 | $3.6M | 6,037,400 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Common Stockindirect: Pentwater Merger Arbitrage Master Fund Ltd. | -140,300 | $250.61 | $35M | 5,897,100 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Common Stockindirect: Oceana Master Fund Ltd. | -17,241 | $290.38 | $5.0M | 5,879,859 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Common Stockindirect: Pentwater Credit Master Fund Ltd. | -8,813 | $290.38 | $2.6M | 5,871,046 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Common Stockindirect: LMA SPC for and on behalf of the MAP 98 Segregated Portfolio | -1,341 | $290.38 | $389k | 5,869,705 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Common Stockindirect: Pentwater Equity Opportunities Master Fund Ltd. | -99,419 | $290.38 | $29M | 5,770,286 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Common Stockindirect: Crown Managed Accounts SPC acting for and on behalf of Crown/PW Segregated Portfolio | -48,841 | $290.38 | $14M | 5,721,445 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Common Stockindirect: Pentwater Merger Arbitrage Master Fund Ltd. | -474,345 | $290.38 | $138M | 5,247,100 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Common Stockindirect: Pentwater Credit Master Fund Ltd. | -6,963 | $278.44 | $1.9M | 5,240,137 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Common Stockindirect: LMA SPC for and on behalf of the MAP 98 Segregated Portfolio | -1,039 | $278.44 | $289k | 5,239,098 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Common Stockindirect: Pentwater Equity Opportunities Master Fund Ltd. | -78,563 | $278.44 | $22M | 5,160,535 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Common Stockindirect: Crown Managed Accounts SPC acting for and on behalf of Crown/PW Segregated Portfolio | -38,596 | $278.44 | $11M | 5,121,939 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Common Stockindirect: Pentwater Merger Arbitrage Master Fund Ltd. | -374,839 | $278.44 | $104M | 4,747,100 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Common Stockindirect: Oceana Master Fund Ltd. | -137,058 | $264.60 | $36M | 4,610,042 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Common Stockindirect: Pentwater Credit Master Fund Ltd. | -15,664 | $264.60 | $4.1M | 4,594,378 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Common Stockindirect: LMA SPC for and on behalf of the MAP 98 Segregated Portfolio | -2,627 | $264.60 | $695k | 4,591,751 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Common Stockindirect: Pentwater Equity Opportunities Master Fund Ltd. | -176,728 | $264.60 | $47M | 4,415,023 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Common Stockindirect: Crown Managed Accounts SPC acting for and on behalf of Crown/PW Segregated Portfolio | -86,822 | $264.60 | $23M | 4,328,201 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Call Option (obligation to sell)derivativeindirect: Pentwater Credit Master Fund Ltd. | -2 | $24.34 | $49 | 2 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Call Option (obligation to sell)derivativeindirect: LMA SPC for and on behalf of the MAP 98 Segregated Portfolio | -2 | $24.34 | $49 | 2 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Call Option (obligation to sell)derivativeindirect: Pentwater Equity Opportunities Master Fund Ltd. | -14 | $24.34 | $341 | 14 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Call Option (obligation to sell)derivativeindirect: Crown Managed Accounts SPC acting for and on behalf of Crown/PW Segregated Portfolio | -8 | $24.34 | $195 | 8 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Call Option (obligation to sell)derivativeindirect: Pentwater Merger Arbitrage Master Fund Ltd. | -64 | $24.34 | $1,558 | 64 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Call Option (obligation to sell)derivativeindirect: Oceana Master Fund Ltd. | -10 | $27.34 | $273 | 10 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Call Option (obligation to sell)derivativeindirect: Pentwater Credit Master Fund Ltd. | -2 | $27.34 | $55 | 2 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Call Option (obligation to sell)derivativeindirect: LMA SPC for and on behalf of the MAP 98 Segregated Portfolio | -2 | $27.34 | $55 | 2 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Call Option (obligation to sell)derivativeindirect: Pentwater Equity Opportunities Master Fund Ltd. | -14 | $27.34 | $383 | 14 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Call Option (obligation to sell)derivativeindirect: Crown Managed Accounts SPC acting for and on behalf of Crown/PW Segregated Portfolio | -8 | $27.34 | $219 | 8 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Call Option (obligation to sell)derivativeindirect: Pentwater Merger Arbitrage Master Fund Ltd. | -64 | $27.34 | $1,750 | 64 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Call Option (obligation to sell)derivativeindirect: Oceana Master Fund Ltd. | -10 | $26.39 | $264 | 10 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Call Option (obligation to sell)derivativeindirect: Pentwater Credit Master Fund Ltd. | -2 | $26.39 | $53 | 2 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Call Option (obligation to sell)derivativeindirect: LMA SPC for and on behalf of the MAP 98 Segregated Portfolio | -2 | $26.39 | $53 | 2 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Call Option (obligation to sell)derivativeindirect: Pentwater Equity Opportunities Master Fund Ltd. | -14 | $26.39 | $369 | 14 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Call Option (obligation to sell)derivativeindirect: Crown Managed Accounts SPC acting for and on behalf of Crown/PW Segregated Portfolio | -8 | $26.39 | $211 | 8 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Call Option (obligation to sell)derivativeindirect: Pentwater Merger Arbitrage Master Fund Ltd. | -64 | $26.39 | $1,689 | 64 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Call Option (obligation to sell)derivativeindirect: Oceana Master Fund Ltd. | -5 | $30.28 | $151 | 5 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Call Option (obligation to sell)derivativeindirect: Pentwater Credit Master Fund Ltd. | -1 | $30.28 | $30 | 1 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Call Option (obligation to sell)derivativeindirect: Pentwater Equity Opportunities Master Fund Ltd. | -7 | $30.28 | $212 | 7 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Call Option (obligation to sell)derivativeindirect: Crown Managed Accounts SPC acting for and on behalf of Crown/PW Segregated Portfolio | -4 | $30.28 | $121 | 4 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Call Option (obligation to sell)derivativeindirect: Pentwater Merger Arbitrage Master Fund Ltd. | -33 | $30.28 | $999 | 33 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Call Option (obligation to sell)derivativeindirect: Oceana Master Fund Ltd. | -5 | $26.39 | $132 | 5 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Call Option (obligation to sell)derivativeindirect: Pentwater Credit Master Fund Ltd. | -1 | $26.39 | $26 | 1 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Call Option (obligation to sell)derivativeindirect: LMA SPC for and on behalf of the MAP 98 Segregated Portfolio | -1 | $26.39 | $26 | 1 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Call Option (obligation to sell)derivativeindirect: Pentwater Equity Opportunities Master Fund Ltd. | -7 | $26.39 | $185 | 7 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Call Option (obligation to sell)derivativeindirect: Crown Managed Accounts SPC acting for and on behalf of Crown/PW Segregated Portfolio | -4 | $26.39 | $106 | 4 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Call Option (obligation to sell)derivativeindirect: Pentwater Merger Arbitrage Master Fund Ltd. | -32 | $26.39 | $844 | 32 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Call Option (obligation to sell)derivativeindirect: Oceana Master Fund Ltd. | -5 | $20.06 | $100 | 5 | Apr 28, 2026 |
| Apr 23, 2026 | SOpen-market sale Call Option (obligation to sell)derivativeindirect: Pentwater Credit Master Fund Ltd. | -1 | $20.06 | $20 | 1 | Apr 28, 2026 |
Related signals
Other insiders at AVIS BUDGET GROUP, INC. and this insider’s other filings.
| Score | Company | Insider | Value | Holdings | Filed |
|---|---|---|---|---|---|
| 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% | |
| 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% | |
| 43Moderate | CARbuy AVIS BUDGET GROUP, INC. | Pentwater Capital Management LP owner | $40M 425,000 shares | +12% | |
| 53Moderate | AVIS BUDGET GROUP, INC. | Edward P Linnen EVP, Chief HR Officer | $1.6M 10,000 shares | -20% | |
| 68Notable | AVIS BUDGET GROUP, INC. | Bernardo Hees director | $63M 402,200 shares | -78% | |
| 47Moderate | CARsell AVIS BUDGET GROUP, INC. | Lynn Krominga director | $196k 2,066 shares | -51% |
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.