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

Rhea-AI Filing Summary

Insider transaction summary: Andrew George Crawley, an officer and director of Global Business Travel Group, Inc. (GBTG), reported a sale of 150,000 shares of Class A common stock on 09/05/2025 at a price of $8.11 per share. The filing states these shares were repurchased by the issuer under a board-approved repurchase program. After the reported transaction, Crawley beneficially owned 1,242,226 shares, which includes shares acquired through the company’s Employee Stock Purchase Plan on 08/14/2025. The Form 4 was signed by an attorney-in-fact on 09/09/2025.

Positive

• Disposition was executed via a board-approved repurchase program, indicating company-led share count management rather than an open-market insider sale
• Reporting person retains a substantial ownership stake of 1,242,226 shares after the transaction
• Recent participation in ESPP (shares acquired 08/14/2025) shows continued personal investment in the company

Negative

• Material disposition of 150,000 shares at $8.11 reduces the officer's public holdings by that amount
• Filing provides no explanation of timing or strategic rationale beyond noting repurchase program mechanics

Insights

Securities Analyst

TL;DR: Officer sold 150,000 shares via issuer repurchase; remaining holdings still substantial at 1.24M shares.

The reported disposition of 150,000 Class A shares at $8.11 was executed under the issuer's repurchase program rather than a direct market sale by the officer, which can indicate the company is managing outstanding float. The reporting person continues to hold a material position of 1,242,226 shares, including recent ESPP purchases on 08/14/2025. This transaction is noteworthy for share-count and governance context but contains no forward-looking statements or commentary on company performance.

Corporate Governance Expert

TL;DR: Transaction consistent with board-approved buyback mechanics; insider retains large equity stake.

The Form 4 discloses a repurchase by the issuer pursuant to a board-approved program, which is a standard mechanism for reducing outstanding shares. The filing clearly attributes the 150,000-share disposition to the repurchase program and documents inclusion of ESPP-acquired shares in the reporter's post-transaction holdings. There are no indications of unusual disclosure issues or unexplained transfers in the provided 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
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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^*

Crawley Andrew George

(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)
	President

3. Date of Earliest Transaction (Month/Day/Year)
09/05/2025

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	09/05/2025		D		150,000(1)	D	$8.11	1,242,226(2)	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. These shares were repurchased by the Issuer pursuant to a repurchase program approved by the Issuer's Board of Directors.

2. Includes shares acquired under the company's Employee Stock Purchase Plan on August 14, 2025.

Remarks:

	Jennifer Giampietro, as Attorney-in-Fact	09/09/2025
	** 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 Andrew George Crawley do in the Form 4 filing?

The filing reports a disposition of 150,000 Class A shares on 09/05/2025 at $8.11 per share, recorded as repurchased by the issuer.

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

After the reported transaction, the reporting person beneficially owned 1,242,226 shares.

Was the sale an open-market insider sale or part of a buyback?

The Form 4 states the shares were repurchased by the issuer under a board-approved repurchase program.

Did the reporting person recently acquire any GBTG shares?

Yes; the filing notes inclusion of shares acquired under the company's Employee Stock Purchase Plan on 08/14/2025.

Who signed the Form 4 and when?

The form was signed by Jennifer Giampietro, as Attorney-in-Fact on 09/09/2025.