Global Business Travel Group (NYSE: GBTG) CFO sells 20K shares at $9.43

Rhea-AI Filing Summary

Global Business Travel Group, Inc. reported that Chief Financial Officer Karen A. Williams sold 20,000 shares of Class A Common Stock on August 5, 2026, in an open-market or private transaction at a weighted average price of $9.43 per share, and directly held 548,257 shares afterward.

Insider Trade Summary

Net Seller: 20,000 shares

Net Sell 1 txn

Insider Williams Karen A

Role Chief Financial Officer

Sold 20,000 shs ($189K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock F1	20,000	$9.43	$189K

Holdings After Transaction: Class A Common Stock — 548,257 shares (Direct)

Footnotes (1)

1. F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.4300 to $9.4350.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.

Key Figures

Shares sold: 20000.0000 shares Weighted average sale price: $9.4300 per share Price range of sales: $9.4300–$9.4350 per share +2 more

5 metrics

Shares sold 20000.0000 shares Class A Common Stock sold by CFO on August 5, 2026

Weighted average sale price $9.4300 per share Weighted average price for the 20,000 shares sold

Price range of sales $9.4300–$9.4350 per share Range of prices for individual sale transactions in the sale

Shares owned after sale 548257.0000 shares Direct holdings of Karen A. Williams following the transaction

Net shares sold 20000 shares Net-sell direction reported in the transaction summary

Key Terms

weighted average price, open market or private transaction, Class A Common Stock

3 terms

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.

open market or private transaction financial

"transaction code description: Sale in open market or private transaction"

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.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/07/2026 - 04:27 PM Accepted by SEC EDGAR 08/07/2026 - 04:26 PM Learn about SEC filing dates

FAQ

What insider transaction did GBTG's CFO Karen A. Williams report?

Karen A. Williams, Chief Financial Officer of Global Business Travel Group (GBTG), reported selling 20,000 shares of Class A Common Stock on August 5, 2026. The sale was an open-market or private transaction, leaving her with 548,257 shares directly owned afterward.

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

The filing lists a weighted average sale price of $9.43 per share for the 20,000 shares sold. A footnote explains that individual trades occurred between $9.4300 and $9.4350 per share, with detailed breakdowns by exact price available upon request.

How many GBTG shares does the CFO hold after this Form 4 transaction?

After the reported sale, Karen A. Williams directly owned 548,257 shares of Global Business Travel Group Class A Common Stock. This figure reflects her holdings immediately following the August 5, 2026 transaction, as shown in the post-transaction ownership column.

Was the GBTG CFO’s share sale made under a Rule 10b5-1 trading plan?

The Rule 10b5-1 checkbox in the filing is not marked, and the document-level indicator is false. This means the August 5, 2026 sale was not affirmatively reported as executed under a pre-arranged Rule 10b5-1 trading plan.

What type of security did the GBTG CFO sell in this transaction?

The transaction involves Class A Common Stock of Global Business Travel Group, Inc. The Form 4 reports a single non-derivative transaction: a sale of 20,000 Class A shares, with no options, warrants, or other derivative securities reported in the derivative section.

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 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/05/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	08/05/2026		S		20,000	D	$9.43(1)	548,257	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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.4300 to $9.4350.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:

	Jennifer Giampietro, as Attorney-in-Fact	08/07/2026
	** 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.
* Form 4: SEC 1474 (03-26)