GBTG Insider Filing: 1,626 Shares Withheld for Taxes; 1.38M Shares Retained

Rhea-AI Filing Summary

Patricia Anne Huska, Chief People Officer of Global Business Travel Group, Inc. (GBTG), reported a tax-withholding disposition of 1,626 Class A common shares tied to the vesting of restricted stock units. The transaction was coded as F(1), and the shares were disposed at $7.71 each. After this withholding, the reporting person’s beneficial ownership in Class A common stock is reported as 1,382,925 shares, held directly. The filing notes the disposition reflects shares withheld to satisfy the reporting person’s tax obligations related to RSU vesting.

Positive

• Continued substantial ownership: Reporting person holds 1,382,925 Class A shares after the transaction, indicating sustained alignment with shareholders.
• Transaction driven by RSU withholding: Disposition coded F(1) and explained as tax withholding, a standard compensation-related action rather than an active sale.

Negative

• Minor reduction in shares: 1,626 shares were disposed at $7.71, reducing the reported holding by that amount.

Insights

Securities/Financial Analyst

TL;DR: A routine tax-withholding share disposition from RSU vesting; immaterial to ownership stake.

The Form 4 shows a small, non-market-sale disposition of 1,626 shares under code F(1), which the filer explains were withheld to meet tax-withholding obligations from restricted stock unit vesting. The per-share price reported is $7.71 and the reporting person continues to hold a large direct stake of 1,382,925 shares. This type of transaction is customary for equity-compensated employees and does not indicate active selling for liquidity or a change in control. Impact to outstanding ownership percentages is likely de minimis given the magnitude of remaining holdings.

Corporate Governance Expert

TL;DR: Transaction reflects routine compensation mechanics, not an indication of governance or strategic change.

The disclosure specifies the disposition resulted from tax withholding on vested RSUs rather than an open-market transaction. The reporting person is identified as an officer (Chief People Officer), and the form records continued direct beneficial ownership of 1,382,925 Class A shares. From a governance perspective, this is a routine administrative reporting event and does not signal departure, unusual insider activity, or a shift in alignment with shareholders.

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

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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^*

Huska Patricia Anne

(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 People Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/12/2025

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	08/12/2025		F(1)		1,626	D	$7.71	1,382,925	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. Reflects shares withheld to cover the reporting person's tax withholding obligations in connection with the vesting of restricted stock units.

Remarks:

	Jennifer Giampietro, as Attorney-in-Fact	08/14/2025
	** 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 Patricia Huska report on the Form 4?

The Form 4 reports a tax-withholding disposition of 1,626 Class A common shares tied to RSU vesting; the shares were disposed at $7.71 each.

How many GBTG shares does Patricia Huska beneficially own after the transaction?

The filing shows direct beneficial ownership of 1,382,925 Class A shares following the reported disposition.

Why were the 1,626 GBTG shares disposed of?

The filing explanation states the shares were withheld to cover tax withholding obligations in connection with the vesting of restricted stock units.

What transaction code was used on the Form 4 for the GBTG disposition?

The transaction is coded F(1), consistent with share withholding to satisfy tax obligations on vested equity awards.

Is the reported transaction an open-market sale of GBTG shares?

No; the filing indicates the shares were withheld for taxes due on RSU vesting rather than sold in the open market.