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

Rhea-AI Filing Summary

Patricia Anne Huska, Chief People Officer of Global Business Travel Group, Inc. (GBTG), reported a disposition of 122,000 shares of Class A common stock on 09/10/2025 at a reported price of $7.93 per share. The filing shows she beneficially owns 1,260,925 shares after the transaction. The form notes these shares were repurchased by the issuer under a board-approved repurchase program, indicating the company executed the reduction rather than an open-market sale by the officer.

Positive

• Repurchase executed by issuer under a board-approved program, which can reduce outstanding shares and potentially support shareholder value
• Reporting person retains substantial ownership with 1,260,925 shares after the disposition, indicating continued alignment with shareholders

Negative

• Disposition of 122,000 shares reduces the reporting person's direct holdings, which some investors may view as decreased insider conviction

Insights

Securities Analyst

TL;DR Insider reporting shows a 122,000-share disposition executed via the issuer's repurchase program; ownership remains substantial.

The transaction reduces the officer's direct stake by 122,000 shares at $7.93 each, but the filing clarifies the company repurchased those shares under an approved program. For investors, this differentiates an insider-initiated sale from a company buyback executing against insider holdings. The remaining beneficial ownership of 1,260,925 shares remains meaningful for governance and alignment with shareholders.

Corporate Governance Expert

TL;DR Reported disposition was completed through issuer repurchase program, preserving officer alignment while reducing outstanding shares.

The note that shares were repurchased pursuant to a board-approved program suggests the company is actively managing share count. From a governance perspective, the officer still holds over 1.26 million shares, which signals continued economic alignment with shareholders despite the reported disposition. The filing does not indicate reasons for the repurchase or any change to officer roles.

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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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^*

Huska Patricia Anne

(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)
	Chief People Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2025

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	09/10/2025		D		122,000(1)	D	$7.93	1,260,925	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. These shares were repurchased by the Issuer pursuant to a repurchase program approved by the Issuer's Board of Directors.

Remarks:

	Jennifer Giampietro, as Attorney-in-Fact	09/11/2025
	** 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 did Patricia Anne Huska report on Form 4 for GBTG?

She reported a disposition of 122,000 Class A shares on 09/10/2025 at a reported price of $7.93 per share.

How many GBTG shares does the reporting person own after the transaction?

The Form 4 shows beneficial ownership of 1,260,925 shares following the reported transaction.

Was the 122,000-share disposition an open-market sale by the officer?

No. The filing states the shares were repurchased by the issuer pursuant to a board-approved repurchase program.

When was the Form 4 filed and who signed it?

The signature block shows the filing was signed by Jennifer Giampietro, as Attorney-in-Fact on 09/11/2025.

What class of stock was involved in the reported transaction?

The transaction involved Class A Common Stock of Global Business Travel Group, Inc. (GBTG).