FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Linnen Edward P
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                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
EVP, Chief HR Officer
(Last)          (First)          (Middle)

6 SYLVAN WAY
3. Date of Earliest Transaction (MM/DD/YYYY)

3/9/2023
(Street)

PARSIPPANY, NJ 07054
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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 3/9/2023  M  26192 A$0 (1)55360 D  
Common Stock 3/9/2023  F(2)  12142 D$208.84 43218 D  
Common Stock         3496 I By 401(k) plan 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. 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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units $0.0 (1)3/9/2023  M     6639   (3) (4)Common Stock 6639.0 $0 0 D  
Restricted Stock Units $0.0 (1)3/9/2023  M     1927   (5) (4)Common Stock 1927.0 $0 1927 D  
Restricted Stock Units $0.0 (1)3/9/2023  M     556   (6) (4)Common Stock 556.0 $0 1113 D  
Performance Based Restricted Stock Units $0.0 (1)3/9/2023  M     17070   (7) (4)Common Stock 17070.0 $0 0 D  
Restricted Stock Units $0.0 (1)3/9/2023  A   1556     (8) (4)Common Stock 1556.0 $0 1556 D  
Performance Based Restricted Stock Units $0.0 (1)3/9/2023  A   1556     (9) (4)Common Stock 1556.0 $0 1556 D  

Explanation of Responses:
(1) Represents restricted stock units which automatically convert to common stock upon the vesting of such units on a one-to-one basis.
(2) Represents tax withholdings in connection with the vesting of restricted stock units.
(3) Units vested in three equal installments on March 9, 2021, 2022 and 2023.
(4) Expiration date not applicable.
(5) Units vest in three equal installments on March 9, 2022, 2023 and 2024.
(6) Units vest in three equal installments on March 9, 2023, 2024 and 2025.
(7) Units vested on March 9, 2023 based on the Company's attainment of pre-established performance goals.
(8) Units vest in three equal installments on March 9, 2024, 2025 and 2026.
(9) Units vest on March 9, 2026 based on the Company's attainment of pre-established performance goals. The number of units which could vest range from zero to 150% of the target number of units reported above depending on achievement of such performance goals.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Linnen Edward P
6 SYLVAN WAY
PARSIPPANY, NJ 07054


EVP, Chief HR Officer

Signatures
/s/ Jean M. Sera, by Power of Attorney for Edward P. Linnen3/13/2023
**Signature of Reporting PersonDate


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 4(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 control number.
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