Global Business Travel Group (GBTG) officer sells 20,000 shares in buyback

Rhea-AI Filing Summary

Global Business Travel Group, Inc. reported an insider share transaction by one of its executive officers. On 11/28/2025, the officer disposed of 20,000 shares of Class A common stock at a price of $7.71 per share. After this transaction, the officer beneficially owns 1,920,341 shares, held directly.

The shares were repurchased by Global Business Travel Group under a share repurchase program that had been approved by the company’s board of directors. The reporting person serves as Chief Legal Officer & Global Head of Mergers & Acquisitions and Compliance & Corporate Secretary, and the Form 4 was filed for a single reporting person.

Insights

Equity compensation and governance analyst

Executive sold 20,000 shares into a board-approved issuer repurchase program.

The filing shows a Global Business Travel Group executive officer disposing of 20,000 Class A common shares on 11/28/2025 at $7.71 per share. After the sale, the officer still holds 1,920,341 shares directly, indicating the transaction represents a small portion of their total beneficial ownership.

The explanation notes that these shares were repurchased by the issuer under a board-approved repurchase program. That means the counterparty was the company, not the open market, aligning the trade with an existing capital management authorization. As a routine Form 4 tied to an established program, this event is generally neutral in terms of governance and capital structure impact based on the disclosed figures.

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^*

Bock Eric J.

(Last) (First) (Middle)

10 SEA COURT

(Street)

VERO BEACH FL 32963

(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)
	See remarks

3. Date of Earliest Transaction (Month/Day/Year)
11/28/2025

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	11/28/2025		D		20,000(1)	D	$7.71	1,920,341	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.

Remarks:

Title: Chief Legal Officer & Global Head of Mergers & Acquisitions and Compliance & Corporate Secretary

	Jennifer Giampietro, as Attorney-in-Fact	12/02/2025
	** 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 insider transaction did Global Business Travel Group (GBTG) report?

Global Business Travel Group reported that an executive officer disposed of 20,000 shares of Class A common stock on 11/28/2025.

At what price were the GBTG shares transacted in this Form 4?

The 20,000 Class A common shares were transacted at a price of $7.71 per share.

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

Following the reported transaction, the officer beneficially owns 1,920,341 shares of Global Business Travel Group Class A common stock, held directly.

Who is the insider involved in this GBTG Form 4 and what is their role?

The reporting person is an officer of Global Business Travel Group with the title Chief Legal Officer & Global Head of Mergers & Acquisitions and Compliance & Corporate Secretary.

Why were the 20,000 GBTG shares repurchased?

The 20,000 shares were repurchased by Global Business Travel Group under a repurchase program approved by its Board of Directors.

Is this GBTG Form 4 filed for one or multiple reporting persons?

The Form 4 is indicated as being filed by one reporting person, not by a group.