Tax-withholding share moves by Global Business Travel (GBTG) president

Rhea-AI Filing Summary

Global Business Travel Group, Inc. President Andrew George Crawley reported three Form 4 transactions in Class A common stock on March 1, 2026. The transactions were coded "F," meaning shares were disposed of to satisfy tax-withholding obligations tied to vesting restricted stock units, rather than open-market sales.

SEC Form 4

FORM 4

UNITED 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

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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^*

Crawley Andrew George

(Last) (First) (Middle)

C/O GLOBAL BUSINESS TRAVEL GROUP, INC.

666 THIRD AVENUE

(Street)

NEW YORK NY 10017

(City) (State) (Zip)

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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

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. 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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	03/01/2026		F(1)		73,668	D	$5.47	1,499,833	D
Class A Common Stock	03/01/2026		F(1)		81,035	D	$5.47	1,418,798	D
Class A Common Stock	03/01/2026		F(1)		36,960	D	$5.47	1,381,838	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Reflects shares withheld to cover the reporting person's tax withholding obligations in connection with the vesting of restricted stock units.

Remarks:

	Jennifer Giampietro, as Attorney-in-Fact	03/03/2026
	** 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 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.

FAQ

What did GBTG President Andrew Crawley report in this Form 4?

Andrew Crawley reported three "F" coded transactions in GBTG Class A common stock. These were share dispositions used to cover tax-withholding obligations from vesting restricted stock units, not open-market purchases or sales, and were reported as direct ownership changes.

Were the GBTG Form 4 transactions open-market sales or buys?

The GBTG Form 4 shows no open-market buys or sells. All three transactions used code "F," indicating shares were delivered back to cover tax liabilities associated with restricted stock unit vesting for the company’s president, rather than discretionary trading in the market.

How many GBTG transactions did the Form 4 disclose and of what type?

The Form 4 discloses three non-derivative transactions in Class A common stock. Each is coded "F" for tax-withholding disposition, meaning shares were withheld or surrendered to satisfy tax obligations arising from restricted stock unit vesting events for the reporting executive.

What does transaction code "F" mean in the GBTG Form 4 filing?

Transaction code "F" in this GBTG Form 4 denotes payment of a tax liability or exercise price by delivering securities. Here it reflects shares withheld or disposed to cover the president’s tax obligations upon vesting of restricted stock units, rather than voluntary selling.

Does this GBTG Form 4 indicate changes in Andrew Crawley’s ownership?

Yes, the Form 4 shows reductions in Andrew Crawley’s directly held GBTG Class A shares from tax-withholding dispositions. After the reported transactions, the filing lists updated direct ownership totals for each line item, reflecting the remaining Class A common stock he continues to hold.

Is the GBTG Form 4 filing likely a routine equity compensation event?

The Form 4 appears consistent with routine equity compensation mechanics. It records shares disposed at the time restricted stock units vested, with code "F" and a footnote explaining the shares were withheld solely to satisfy tax-withholding obligations for the reporting person’s award.