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

Global Business Travel (GBTG) officer sells 800K shares, retains 1.2M

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

Rhea-AI Filing Summary

Global Business Travel Group, Inc. officer Eric J. Bock reported significant open-market sales of Class A Common Stock. He sold 400,000 shares on June 1, 2026 at a weighted average price of $9.34 per share and another 400,000 shares on June 2, 2026 at a weighted average price of $9.36 per share.

Both transactions were executed as multiple trades within narrow price ranges between $9.34 and $9.36, as described in the footnotes. Following these sales, Bock directly holds 1,196,372 shares of Global Business Travel Group Class A Common Stock.

Positive

  • None.

Negative

  • None.
Insider Bock Eric J.
Role See remarks
Sold 800,000 shs ($7.48M)
Type Security Shares Price Value
Sale Class A Common Stock 400,000 $9.36 $3.74M
Sale Class A Common Stock 400,000 $9.34 $3.74M
Holdings After Transaction: Class A Common Stock — 1,196,372 shares (Direct, null)
Footnotes (1)
  1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.34 to $9.36. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.35 to $9.36. 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 1, 2026 400,000 shares Open-market sale of Class A Common Stock at weighted average $9.34
Price June 1, 2026 $9.34/share Weighted average sale price for 400,000 shares
Shares sold June 2, 2026 400,000 shares Open-market sale of Class A Common Stock at weighted average $9.36
Price June 2, 2026 $9.36/share Weighted average sale price for 400,000 shares
Total shares sold 800,000 shares Combined open-market sales on June 1 and June 2, 2026
Shares held after transactions 1,196,372 shares Direct holdings of Class A Common Stock following June 2, 2026 sale
June 1 trade range $9.34–$9.36 Footnote price range for multiple trades included in June 1 sale
June 2 trade range $9.35–$9.36 Footnote price range for multiple trades included in June 2 sale
open-market sale financial
"transaction_action is described as an open-market sale of Class A Common Stock"
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.
Class A Common Stock financial
"security_title is listed as Class A Common Stock for both transactions"
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.
Form 4 regulatory
"The insider transactions are disclosed in a Form 4 insider trading report"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
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Form 4 Insider Transactions: What Each Field Means →
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*
Bock Eric J.
(Last)(First)(Middle)
10 SEA COURT
(Street)
VERO BEACH FLORIDA 32963
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
See remarks
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026		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 Stock06/01/2026S400,000D$9.34(1)1,596,372D
Class A Common Stock06/02/2026S400,000D$9.36(2)1,196,372D
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 $9.34 to $9.36. 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 $9.35 to $9.36. 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.
Remarks:
Title: Chief Legal Officer & Global Head of Mergers & Acquisitions and Compliance & Corporate Secretary
Jennifer Giampietro, as Attorney-in-Fact06/03/2026
** 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

FAQ

What insider transactions did Global Business Travel Group (GBTG) report for Eric J. Bock?

Eric J. Bock reported two open-market sales of Global Business Travel Group Class A Common Stock totaling 800,000 shares. He sold 400,000 shares on June 1, 2026 and another 400,000 shares on June 2, 2026, according to the Form 4 filing.

At what prices did Eric J. Bock sell GBTG shares in this Form 4?

Eric J. Bock sold GBTG Class A Common Stock at weighted average prices of $9.34 and $9.36 per share. Footnotes state the June 1 trades ranged from $9.34–$9.36, and the June 2 trades ranged from $9.35–$9.36 per share.

How many Global Business Travel Group (GBTG) shares does Eric J. Bock hold after these sales?

After the reported transactions, Eric J. Bock directly holds 1,196,372 shares of Global Business Travel Group Class A Common Stock. This figure reflects his position immediately following the second 400,000-share open-market sale disclosed in the Form 4.

Were Eric J. Bock’s GBTG share sales single trades or multiple transactions?

Each reported sale was executed through multiple transactions at different prices. The Form 4 footnotes explain that the weighted average prices reflect trades within narrow ranges, and Bock will provide full trade details upon request to the issuer, shareholders, or SEC staff.

What transaction code is used for Eric J. Bock’s GBTG trades, and what does it mean?

The trades use transaction code “S”, which indicates a sale in the open market or a private transaction. The filing explicitly labels these as open-market sales of non-derivative Class A Common Stock, rather than option exercises or gifts.