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Global Business Travel (NYSE: GBTG) legal chief offloads 64.8K shares

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Global Business Travel Group, Inc. (GBTG) reported that officer Eric J. Bock, Chief Legal Officer & Global Head of Mergers & Acquisitions and Compliance & Corporate Secretary, sold 64,780 shares of Class A Common Stock on 2026-08-21 in a sale coded as an open market or private transaction at a weighted average price of $9.46 per share, with individual trade prices ranging from $9.46 to $9.475. Following this transaction, Bock directly held 699,177 shares of Class A Common Stock. The transaction was not reported as made under a Rule 10b5-1 trading plan.

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Insights

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Insider Bock Eric J.
Role See remarks
Sold 64,780 shs ($613K)
Type Security Shares Price Value
Sale Class A Common Stock F1 64,780 $9.46 $613K
Holdings After Transaction: Class A Common Stock — 699,177 shares (Direct)
Footnotes (1)
  1. F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.4600 to $9.4750. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission,upon request, full information regarding the number of shares sold at each separate price within this range.
Shares sold 64,780 shares of Class A Common Stock Sale transaction on 2026-08-21 by Eric J. Bock
Weighted average sale price $9.4600 per share Average price for the 64,780 shares sold on 2026-08-21
Sale price range $9.4600 to $9.4750 per share Range of prices for multiple sale transactions on 2026-08-21
Shares owned after transaction 699,177 shares Direct holdings of Class A Common Stock by Eric J. Bock after the sale
Net buy/sell shares -64,780 shares Net effect of reported transactions, indicating a net sale
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open market or private transaction financial
"transaction_code_description": "Sale in open market or private transaction""
Class A Common Stock financial
"security_title": "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Rule 10b5-1 regulatory
"The transaction was not reported as made under a Rule 10b5-1 trading plan."
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

What insider transaction did GBTG disclose for Eric J. Bock?
GBTG disclosed that Eric J. Bock sold 64,780 shares of Class A Common Stock on 2026-08-21 in a sale coded as an open market or private transaction, at a weighted average price of $9.46 per share.

At what prices were Eric J. Bock’s GBTG shares sold?
The filing states a weighted average price of $9.46 per share, with multiple transactions executed at prices ranging from $9.46 to $9.475 per share for the 64,780 shares sold.

How many GBTG shares does Eric J. Bock own after this sale?
After the reported transaction, Eric J. Bock directly owned 699,177 shares of Global Business Travel Group, Inc. Class A Common Stock, as stated in the post-transaction holdings field.

Was Eric J. Bock’s GBTG stock sale under a Rule 10b5-1 plan?
No. The Rule 10b5-1 checkbox for this Form 4 was not checked, so the sale of 64,780 shares by Eric J. Bock was not reported as being made under a Rule 10b5-1 trading plan.

What position does Eric J. Bock hold at GBTG?
Eric J. Bock is described as Chief Legal Officer & Global Head of Mergers & Acquisitions and Compliance & Corporate Secretary of Global Business Travel Group, Inc. in the remarks associated with the insider report.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Bock Eric J.
(Last)(First)(Middle)
10 SEA COURT
(Street)
VERO BEACH FLORIDA 32963
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Global Business Travel Group, Inc. [ GBTG ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
See remarks
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/21/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction 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)
CodeVAmount(A) or (D)Price
Class A Common Stock08/21/2026S64,780D$9.46(1)699,177D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. 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: 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
Explanation of Responses:
1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.4600 to $9.4750. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission,upon request, full information regarding the number of shares sold at each separate price within this range.
Remarks:
Title: Chief Legal Officer & Global Head of Mergers & Acquisitions and Compliance & Corporate Secretary
Jennifer Giampietro, as Attorney-in-Fact08/25/2026
** 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 Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR