SCHEDULE 13G/A 0001163653 XXXXXXXX LIVE 1 Common Stock, $0.01 par value per share 12/31/2025 0000723612 AVIS BUDGET GROUP, INC. 053774105 379 Interpace Parkway Parsippany NJ 07054 Rule 13d-1(b) NOMURA HOLDINGS INC M0 627961 0 627961 0 627961 N 1.8 HC (1) Sole voting and dispositive power represents (i) 395,591 shares of Common Stock beneficially owned by Nomura Global Financial Products, Inc. ("NGFP"), (ii) 111,670 shares of Common Stock beneficially owned by Nomura Securities International, Inc. ("NSI"), and (iii) 120,700 shares of Common Stock underlying call options beneficially owned by NSI that are exercisable within 60 days. NGFP and NSI are wholly owned subsidiaries of Nomura Holdings, Inc., which accordingly may be deemed to beneficially own the shares of Common Stock beneficially owned by NGFP and NSI. (2) The percent of class is calculated based on 35,196,992 shares of Common Stock outstanding as of October 22, 2025, as reported in the Issuer's quarterly report on Form 10-Q for the fiscal quarter ended September 30, 2025 filed with the SEC on October 28, 2025. AVIS BUDGET GROUP, INC. 379 Interpace Parkway, Parsippany, New Jersey, 07054 Nomura Holdings, Inc. This Schedule 13G excludes securities beneficially owned, if any, by certain subsidiaries of Nomura Holdings Inc. whose beneficial ownership of securities are disaggregated from that of Nomura Holdings Inc. in accordance with SEC Release No. 34-39538 (January 12, 1998). Nomura Holdings, Inc.: 13-1, Nihonbashi 1-chome, Chuo-ku, Tokyo 103-8645, Japan Nomura Holdings, Inc.: Japan N HC Items 5-11 of the cover page are incorporated by reference. Items 5-11 of the cover page are incorporated by reference. Items 5-11 of the cover page are incorporated by reference. Items 5-11 of the cover page are incorporated by reference. Items 5-11 of the cover page are incorporated by reference. Items 5-11 of the cover page are incorporated by reference. N Y Y N See Exhibit A Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. Exhibit A - Subsidiaries NOMURA HOLDINGS INC /s/ Samir Patel 02/17/2026