[Form 4] Global Business Travel Group, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Evan Konwiser, Chief Marketing and Strategy Officer of Global Business Travel Group, Inc. (GBTG), reported a non-derivative transaction on 08/12/2025 in which 406 shares of Class A common stock were disposed of at $7.71 per share. The Form 4 states these shares were withheld to cover the reporting person’s tax withholding obligations related to the vesting of restricted stock units. After the withholding, the reporting person beneficially owned 790,399 shares directly. The Form 4 was submitted with a signature dated 08/14/2025 by an attorney-in-fact.

Positive

• Disclosure was timely and specific, providing clear reasons for the disposition (tax withholding related to RSU vesting).
• Transaction reflects compensation vesting mechanics rather than an open-market sale, suggesting routine administrative processing.

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine tax-withholding disposition from RSU vesting; no evident material change to ownership stake.

The filing documents a small-scale disposition of 406 shares at $7.71 to satisfy tax withholding on vested restricted stock units. With 790,399 shares retained after the transaction, the change is immaterial relative to the total reported holdings and appears consistent with standard executive compensation mechanics. The timely Form 4 filing maintains SEC compliance and transparency.

Corporate Governance Expert

TL;DR: Administrative transaction tied to compensation; governance impact is minimal.

The report notes the transaction code F(1) with an explanation that shares were withheld for tax obligations upon RSU vesting. This is a common practice that does not reflect an open-market sale decision by the reporting person. The disclosure was made via Form 4 and executed by an attorney-in-fact, which aligns with procedural norms for insider reporting.

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

OMB APPROVAL

OMB Number:			3235-0287
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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^*

Konwiser Evan

(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)
	See remarks

3. Date of Earliest Transaction (Month/Day/Year)
08/12/2025

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	08/12/2025		F(1)		406	D	$7.71	790,399	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:

Title: Chief Marketing and Strategy Officer

	Jennifer Giampietro, as Attorney-in-Fact	08/14/2025
	** 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 transaction did Evan Konwiser report on Form 4 for GBTG?

The Form 4 reports a disposition of 406 shares of Class A common stock on 08/12/2025 at a price of $7.71 per share.

Why were the 406 shares disposed according to the filing?

The filing states the shares were withheld to cover the reporting person’s tax withholding obligations in connection with the vesting of restricted stock units.

How many GBTG shares did Evan Konwiser own after the reported transaction?

After the reported withholding, the reporting person beneficially owned 790,399 shares directly.

What is Evan Konwiser’s role at Global Business Travel Group, Inc. (GBTG)?

The filing identifies Evan Konwiser as Chief Marketing and Strategy Officer of GBTG.

When was the Form 4 filed or signed?

The signature block shows the form was signed by an attorney-in-fact on 08/14/2025.