Avis Budget Group, Inc.

Avis Budget Group, Inc. announced on September 1, 2026 that Ravi Simhambhatla, Executive Vice President and Chief Digital & Innovation Officer, will leave the company with his transition period ending September 30, 2026. No successor was named and no financial terms of the departure were disclosed. An executive-level digital leadership departure at a major rental-car company undergoing fleet modernization; the lack of a named successor could signal near-term strategic uncertainty.

Avis Budget Group (CAR) entered into the Eleventh Amendment to its credit agreement on June 29, 2026, refinancing its $2 billion revolving facility with a new facility maturing June 29, 2031, and establishing a new $200 million revolving facility maturing June 29, 2028, with JPMorgan Chase as administrative agent. Both facilities include springing maturity provisions triggered if outstanding long-term debt exceeds $300 million within 90–91 days of its maturity. This is a constructive credit event that extends Avis Budget's liquidity runway and demonstrates continued bank market access.

Form 3 filed by A new officer/director (Other (specify below) VP & Chief Accounting Officer 6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person Table I - Non-Derivative Securities Beneficially Owned 1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Common Stock 324 D Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5) Date Exercisable Expiration Date Title Amount or Number of Shares Restricted Stock Units 03/13/2027 (1) Common Stock 111 $ 0.00 (2) D Restricted Stock Units (3) (1) Common Stock 400 $ 0.00 (2) D Restricted Stock Units (4) (1) Common Stock 368 $ 0.00 (2) D Explanation of Responses: 1. Expiration date not applicable. 2. Represents restricted stock units which automatically convert to Common Stock upon the vesting of such units on a one-to-one basis. 3. Units vest in two equal installments on March 12, 2027 and 2028. 4. 122 units vest on March 17, 2027, and 123 units vest on March 17, 2028 and 2029. Remarks: Exhibit 24 - Power of Attorney /s/ Jean M. Sera, by Power of Attorney for Tina Goldenberg 06/23/2026 ** Signature of Reporting Person Date Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 5 (b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. * Form 3: SEC 1473 (03-26)) at CAR on 2026-06-23. This initial statement of beneficial ownership reports the filer's securities holdings as required under Section 16(a). Filing is routine and indicates an insider's initial ownership disclosure following appointment or acquisition of 10%+ stake.

Avis Budget Group's AESOP LLC subsidiary issued $650 million in asset-backed securities on June 9, 2026 across two series: Series 2026-3 ($250M, 3-year maturity; Class A-D at 4.82%-8.43%) and Series 2026-4 ($400M, 5-year maturity; Class A-D at 5.09%-9.13%), secured by the vehicle fleet under the Base Indenture with BNY Mellon as trustee; risk retention notes ($35.75M combined Class R) were issued to AESOP Leasing LP. Successful ABS market access at these rates is critical for Avis's fleet-financing model and demonstrates continued capital market availability for the car-rental operator.

Avis Budget Group, Inc. (CAR) filed an 8-K under Item 5.02 disclosing a change in its executive leadership or board composition. The filing reports both a departure and an appointment in President. Individuals named in the filing include Earliest Event, Avis Budget. Leadership changes at the C-suite and board level are material events requiring 8-K disclosure within four business days, as they can affect company strategy, investor confidence, and operational continuity.

Avis Budget Group, Inc. (CAR) disclosed the results of its annual meeting of shareholders in an 8-K filing under Item 5.07. Shareholders voted on an advisory say-on-pay resolution, ratification of the independent auditor, shareholder proposals. All management-sponsored proposals were approved by majority shareholder vote. Annual meeting results are a routine disclosure that confirms shareholder ratification of the board's composition and compensation practices.

Avis Budget Group, Inc. (CAR) disclosed a material definitive agreement under Item 1.01, reporting a merger or acquisition transaction involving growth company as defined in Rule. The deal is valued at approximately $2.227 billion. Details of the transaction terms, consideration structure, and closing conditions are set forth in the full 8-K filing. Definitive merger agreements are among the most material events a public company can disclose, triggering regulatory review and shareholder vote requirements.