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

Global Business Travel (GBTG) CEO sells 389,983 Class A shares in market

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

Rhea-AI Filing Summary

Global Business Travel Group, Inc. Chief Executive Officer Paul G. Abbott reported two open-market sales of Class A Common Stock. On June 8, 2026, he sold 173,460 shares at a weighted average price of $9.36 per share. On June 9, 2026, he sold 216,523 shares at a weighted average price of $9.35 per share. After these transactions, he directly holds 3,157,228 shares of Class A Common Stock. The filing notes that each reported price is a weighted average for multiple trades executed in narrow ranges around these levels.

Positive

  • None.

Negative

  • None.
Insider Abbott Paul G
Role Chief Executive Officer
Sold 389,983 shs ($3.65M)
Type Security Shares Price Value
Sale Class A Common Stock 216,523 $9.35 $2.02M
Sale Class A Common Stock 173,460 $9.36 $1.62M
Holdings After Transaction: Class A Common Stock — 3,157,228 shares (Direct)
Footnotes (2)
  1. F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.3600 to $9.3650. 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.
  2. F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.3500 to $9.3700. 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 June 8, 2026 173,460 shares at $9.36 Open-market sale of Class A Common Stock
Shares sold June 9, 2026 216,523 shares at $9.35 Open-market sale of Class A Common Stock
Total shares sold 389,983 shares Aggregate of two open-market sales
Holdings after June 9 sale 3,157,228 shares Direct Class A Common Stock held post-transaction
June 8 price range $9.3600–$9.3650 Weighted average price based on multiple trades
June 9 price range $9.3500–$9.3700 Weighted average price based on multiple trades
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.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
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.
Securities and Exchange Commission regulatory
"staff of the Securities and Exchange Commission, upon request, full information"
A national government agency that enforces rules for buying, selling and disclosing information about stocks and other investments, acting like a referee and scorekeeper for financial markets. It requires companies to share clear, regular financial and business information and investigates fraud or rule-breaking, which matters to investors because those rules and disclosures help ensure fair prices, reduce hidden risks and make it easier to compare investment choices.

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

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What insider transaction did GBTG CEO Paul G. Abbott report?
Paul G. Abbott reported selling Class A Common Stock in two open-market transactions. These sales occurred on June 8 and June 9, 2026, and are detailed in the Form 4, including the number of shares sold, weighted average prices, and post-transaction direct holdings.

How many Global Business Travel Group (GBTG) shares did the CEO sell?
The CEO sold a total of 389,983 shares of GBTG Class A Common Stock across two days. The Form 4 shows 173,460 shares sold on June 8, 2026, and 216,523 shares sold on June 9, 2026, both as open-market transactions.

At what prices did GBTG’s CEO sell his shares?
The filing reports weighted average sale prices near the mid-$9 range. On June 8, 2026, shares were sold at a weighted average of $9.36 within a $9.3600–$9.3650 range. On June 9, 2026, sales averaged $9.35 within a $9.3500–$9.3700 range.

How many GBTG shares does the CEO hold after these sales?
After the reported sales, the CEO directly holds 3,157,228 shares of GBTG Class A Common Stock. This post-transaction balance, disclosed in the Form 4, helps investors see that he retains a substantial direct equity position in the company following the open-market transactions.

Were the GBTG CEO’s share sales single trades or multiple executions?
The sales were executed as multiple trades aggregated for reporting. Footnotes explain that each day’s reported price is a weighted average, with individual trades executed within narrow price ranges, and that full trade-by-trade details are available upon request from specified parties.

What does an open-market sale by GBTG’s CEO mean for investors?
An open-market sale means the CEO sold shares through normal market trading rather than via a private transfer. The filing describes the transaction mechanics and resulting holdings but does not state reasons for selling, so interpretation depends on broader context beyond this single Form 4.
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*
Abbott Paul G
(Last)(First)(Middle)
C/O GLOBAL BUSINESS TRAVEL GROUP, INC
666 THIRD AVENUE
(Street)
NEW YORK NEW YORK 10017
(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/08/2026		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 Stock06/08/2026S173,460D$9.36(1)3,373,751D
Class A Common Stock06/09/2026S216,523D$9.35(2)3,157,228D
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 $9.3600 to $9.3650. 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.
2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.3500 to $9.3700. 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.
Jennifer Giampietro, as Attorney-in-Fact06/10/2026
** 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