Director at Global Business Travel (NYSE: GBTG) sells 17,500 shares

Rhea-AI Filing Summary

Global Business Travel Group, Inc. director James Peter Bush reported an open-market sale of 17,500 shares of Class A Common Stock. The weighted average sale price was about $9.36 per share, with individual trades executed between $9.3601 and $9.365. After this transaction, he directly holds 120,526 shares.

Insider Trade Summary

Net Seller: 17,500 shares ($163,800)

Net Sell 1 txn

Insider Bush James Peter

Role null

Sold 17,500 shs ($164K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	17,500	$9.36	$164K

Holdings After Transaction: Class A Common Stock — 120,526 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares sold: 17,500 shares Weighted average sale price: $9.36 per share Price range: $9.3601–$9.365 per share +2 more

5 metrics

Shares sold 17,500 shares Open-market sale of Class A Common Stock

Weighted average sale price $9.36 per share Average across multiple trades

Price range $9.3601–$9.365 per share Range of trade prices for the 17,500 shares

Shares owned after sale 120,526 shares Director’s direct holdings following transaction

Net shares sold 17,500 shares Net sell direction in this Form 4

Key Terms

open-market sale, weighted average price, Class A Common Stock

3 terms

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.

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.

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Form 4 Insider Transactions: What Each Field Means →

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^*

Bush James Peter

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/05/2026

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	06/05/2026		S		17,500	D	$9.36(1)	120,526	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 $9.3601 to $9.365. 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-Fact	06/05/2026
	** 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)

FAQ

What insider transaction did GBTG director James Peter Bush report?

James Peter Bush reported an open-market sale of 17,500 shares of Global Business Travel Group, Inc. Class A Common Stock. The transaction reflects a routine disposition and leaves him with a remaining direct holding of 120,526 shares after the sale.

At what price did James Peter Bush sell GBTG shares?

The sale used a weighted average price of about $9.36 per share. According to the disclosure, individual trades occurred in a narrow range between $9.3601 and $9.365, reflecting multiple small executions that together totaled 17,500 shares.

How many GBTG shares does James Peter Bush own after this Form 4 filing?

Following the reported transaction, James Peter Bush directly owns 120,526 shares of Global Business Travel Group, Inc. Class A Common Stock. This figure represents his remaining direct position after selling 17,500 shares in an open-market transaction at a weighted average price of about $9.36.

Was the GBTG insider sale by James Peter Bush a single trade or multiple trades?

The filing states the reported price is a weighted average, meaning the 17,500 shares were sold in multiple trades. These individual trades occurred at prices ranging from $9.3601 to $9.365, which together produced the disclosed average sale price.

What does an open-market sale by a GBTG director mean for investors?

An open-market sale by a director shows they sold shares through normal trading on an exchange. The filing discloses 17,500 shares sold at around $9.36, with 120,526 shares still held directly, giving investors transparency into the director’s updated equity position.