Global Business Travel Director Al‑Thani Sells Shares in Merger

What Happened

• Al‑Thani Faisal Saoud F.Q., a director of Global Business Travel Group, Inc. (GBTG), had Company common shares disposed to the issuer as part of the closing of a merger on September 29, 2026. Two dispositions reported: 30,816 and 23,429 shares (total 54,245 shares). Under the merger agreement each share was converted into the right to receive $9.50 in cash, for a total of approximately $515,327.50. This was a cash-out pursuant to the Merger Agreement (not an open‑market sale).

Key Details

• Transaction date: 2026-09-29 (Effective Time of the Merger).
• Reported dispositions: 30,816 shares and 23,429 shares (total 54,245 shares).
• Per-share consideration: $9.50 (per Merger Agreement footnote); total cash received ≈ $515,327.50.
• Form 4 price fields show "N/A" for the transactions; footnote explains conversion to cash per the Merger Agreement.
• Shares owned after transaction: Company common shares held immediately prior were cancelled at the Effective Time (effectively zero Company common shares remaining).
• Related awards: Footnote notes outstanding Company RSUs were also cashed out at the Per Share Price (converted to cash).
• Filing timeliness: Report filed the same day as the Effective Time (timely).

Context

• This was a disposition to the issuer as part of a corporate merger—essentially the company was acquired and shares were converted into cash—so it is a corporate transaction rather than a typical insider sale that might signal sentiment. Retail investors should view this as the contractual cash-out described in the Merger Agreement, not a market sale or purchase decision by the director.