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

Rhea-AI Filing Summary

Global Business Travel Group, Inc. Chief Financial Officer Karen A. Williams reported an open-market sale of 10,000 shares of Class A Common Stock at $9.35 per share. After this transaction, she directly holds 596,157 shares, indicating the sale represents a relatively small portion of her overall position.

Insights

Insider trading analyst

CFO executed a small open-market sale relative to remaining holdings.

Chief Financial Officer Karen A. Williams sold 10,000 shares of Global Business Travel Group, Inc. Class A Common Stock in an open-market transaction at $9.35 per share. The Form 4 characterizes this as a standard open-market sale.

Following the sale, she directly holds 596,157 shares, so the transaction reflects only a minor reduction in her equity position. There are no derivative positions listed in this filing, suggesting no concurrent option exercises or conversions were reported.

The filing does not reference a Rule 10b5-1 trading plan in the provided excerpt. Future insider reports may show whether this transaction is part of a broader trading pattern or a one-off liquidity event.

Insider Trade Summary

Net Seller: 10,000 shares ($93,500)

Net Sell 1 txn

Insider Williams Karen A

Role Chief Financial Officer

Sold 10,000 shs ($94K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	10,000	$9.35	$94K

Holdings After Transaction: Class A Common Stock — 596,157 shares (Direct)

Footnotes (1)

Key Figures

Shares sold: 10,000 shares Sale price: $9.35 per share Shares held after sale: 596,157 shares +1 more

4 metrics

Shares sold 10,000 shares Open-market sale of Class A Common Stock

Sale price $9.35 per share Price for the 10,000 shares sold

Shares held after sale 596,157 shares Direct holdings following the transaction

Net share change -10,000 shares Net-sell direction from transaction summary

Key Terms

open-market sale, Class A Common Stock, Form 4, transaction code "S"

4 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.

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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

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.

transaction code "S" financial

"transaction_code_description: "Sale in open market or private transaction""

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/10/2026 - 05:10 PM Accepted by SEC EDGAR 06/10/2026 - 05:10 PM Learn about SEC filing dates

FAQ

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

Karen A. Williams reported an open-market sale of 10,000 Global Business Travel Group Class A shares at $9.35 each. This Form 4 filing shows a straightforward sale of common stock, without any associated option exercises or derivative transactions in the provided data.

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

After the reported sale, the CFO directly holds 596,157 shares of Global Business Travel Group Class A Common Stock. This indicates the 10,000 shares sold represent a small fraction of her total reported direct holdings as of the transaction date in the filing.

Was the GBTG CFO’s transaction a buy or sell of company stock?

The transaction was a sell. The Form 4 identifies it as an open-market sale of 10,000 shares of Class A Common Stock at $9.35 per share, with transaction code “S,” which denotes a sale in an open market or private transaction context.

Does the GBTG Form 4 show any option exercises or derivatives activity?

The provided Form 4 data shows no derivative transactions or option exercises. The derivative summary is empty, and transaction details reflect only a single non-derivative open-market sale of common stock, without any conversion, exercise, or other derivative-related activity reported.

Is the GBTG CFO’s stock sale a large part of her total holdings?

Based on the filing, the CFO sold 10,000 shares and holds 596,157 shares afterward, so the sale is a relatively small portion of her reported direct stake. The transaction appears modest in scale compared with her remaining position in Global Business Travel Group shares.

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)

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)
06/08/2026

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	06/08/2026		S		10,000	D	$9.35	596,157	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:

	Jennifer Gimpietro, as Attorney-in-Fact	06/10/2026
	** 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)