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

Rhea-AI Filing Summary

Insider sale by CTO John David Thompson: The Form 4 shows Mr. Thompson, Chief Technology Officer of Global Business Travel Group, Inc. (GBTG), sold 4,239 shares of Class A common stock on 08/15/2025 under a Rule 10b5-1 trading plan established March 10, 2025. The weighted average sale price was $7.86, with transaction prices ranging from $7.79 to $7.94. After the reported sale Mr. Thompson beneficially owned 726,553 shares, reported as direct ownership. The filing was executed by an attorney-in-fact and dated 08/19/2025. All details presented are limited to the single non-derivative sale disclosed.

Positive

• Transaction executed under a Rule 10b5-1 plan, indicating prearranged, compliant insider selling activity.
• Detailed price disclosure provided: weighted average price $7.86 and range $7.79–$7.94, with offer to supply per-trade prices on request.
• Substantial retained ownership: reporting person still beneficially owns 726,553 shares after the sale.

Negative

• None.

Insights

Securities Analyst

TL;DR: A routine 10b5-1 planned sale by the CTO reduced his holdings slightly; transaction size is small relative to total holdings.

The sale of 4,239 shares at a weighted average price of $7.86 was executed pursuant to a Rule 10b5-1 plan established on March 10, 2025. The disclosure indicates transparency via the plan and a commitment to provide detailed per-price execution info on request. Retained beneficial ownership of 726,553 shares suggests continued substantial direct exposure to the company. From an investor-impact perspective, this is a routine insider liquidity event rather than a material corporate development.

Corporate Governance Expert

TL;DR: Filing follows standard governance practice for planned insider trades and includes compliance details and price range disclosure.

The Form 4 clearly states the sale was under a 10b5-1 trading plan, which provides an affirmative defense against insider trading allegations when properly established. The reporting person discloses the weighted average price and the price range and offers to provide per-trade pricing on request, which enhances disclosure quality. Execution by an attorney-in-fact and the filed dates are consistent with procedural norms for Section 16 reporting. No governance red flags or indications of compelled sale are presented in the filing.

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).

X

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^*

Thompson John David

(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 Technology Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

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	08/15/2025		S(1)		4,239	D	$7.86(2)	726,553	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. The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan established by the reporting person on March 10, 2025.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.79 to $7.94, inclusive. 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 purchased at each separate price within this range.

Remarks:

	Jennifer Giampietro, as Attorney-in-Fact	08/19/2025
	** 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 GBTG insider John David Thompson disclose on Form 4?

The Form 4 reports that CTO John David Thompson sold 4,239 shares of Class A common stock on 08/15/2025 under a Rule 10b5-1 plan.

At what price were the GBTG shares sold by the insider?

The weighted average sale price was $7.86, with individual transaction prices ranging from $7.79 to $7.94.

When was the 10b5-1 trading plan established for the GBTG sale?

The Form 4 states the Rule 10b5-1 trading plan was established on March 10, 2025.

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

After the reported sale the reporting person beneficially owned 726,553 shares, reported as direct ownership.

Who signed the Form 4 filing for the insider transaction?

The filing was executed by Jennifer Giampietro, as Attorney-in-Fact and dated 08/19/2025.