What was the price used for the GBTG CFO’s tax-withholding share dispositions?

The GBTG Form 4 shows that the tax-withholding share dispositions were valued at $5.47 per share. This price was applied to the Class A Common Stock withheld to satisfy Karen Williams’ tax obligations from vesting restricted stock units.

GBTG CFO covers RSU taxes with company stock

Global Business Travel Group CFO Karen A. Williams reported three tax-withholding dispositions of Class A Common Stock on March 1, 2026.

Accepted by SEC EDGAR 03/03/2026 - 05:07 PM EST

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Rhea-AI Filing Summary

Global Business Travel Group CFO Karen A. Williams reported three tax-withholding dispositions of Class A Common Stock on March 1, 2026. Shares were withheld at $5.47 per share to cover tax obligations from vesting restricted stock units. After these transactions, she directly held 606,157 Class A shares.

Insider Trade Summary

Exercise Price or Tax Liability: 82,890 shares

Exercise Price or Tax Liability 3 txns

Insider Williams Karen A

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Class A Common Stock	11,051	$5.47	$60K
Exercise Price or Tax Liability	Class A Common Stock	47,199	$5.47	$258K
Exercise Price or Tax Liability	Class A Common Stock	24,640	$5.47	$135K

Holdings After Transaction: Class A Common Stock — 606,157 shares (Direct)

Holdings Before and After: Class A Common Stock, 689,047 to 606,157 shares (Direct)

Footnotes (1)

F1. Reflects shares withheld to cover the reporting person's tax withholding obligations in connection with the vesting of restricted stock units.

FAQ

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What insider transactions did GBTG CFO Karen Williams report on this Form 4?

Karen Williams reported three tax-withholding dispositions of GBTG Class A Common Stock. The shares were withheld at $5.47 per share to satisfy tax obligations arising from the vesting of restricted stock units on March 1, 2026.

Were the GBTG Form 4 transactions open-market sales by the CFO?

No, the reported GBTG transactions were tax-withholding dispositions, not open-market sales. Shares of Class A Common Stock were withheld to cover Karen Williams’ tax liabilities related to vesting restricted stock units, as described in the filing footnote.

How many GBTG shares did Karen Williams own after the reported Form 4 transactions?

After the reported tax-withholding dispositions, Karen Williams directly owned 606,157 shares of GBTG Class A Common Stock. This post-transaction holding reflects the remaining shares following the share withholdings for restricted stock unit tax obligations.

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

Transaction code “F” on the GBTG Form 4 indicates shares were used to pay an exercise price or tax liability. Here, it reflects shares of Class A Common Stock withheld to cover Karen Williams’ tax obligations on vesting restricted stock units.

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Form 4 Insider Transactions: What Each Field Means →

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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
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^*

Williams Karen A

(Last)

(First)

(Middle)

C/O GLOBAL BUSINESS TRAVEL GROUP, INC.

666 THIRD AVENUE

(Street)

NEW YORK

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)
	Chief Financial Officer

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	03/01/2026		F⁽¹⁾		11,051	D	$5.47	677,996	D
Class A Common Stock	03/01/2026		F⁽¹⁾		47,199	D	$5.47	630,797	D
Class A Common Stock	03/01/2026		F⁽¹⁾		24,640	D	$5.47	606,157	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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.

Source: View Original Filing on SEC EDGAR