Global Business Travel Director Eric Hart Receives Cash for 66,281 Shares

What Happened

• Eric M. Hart, a director of Global Business Travel Group, Inc. (GBTG), had 66,281 shares of GBTG Class A common stock disposed to the issuer on September 29, 2026 as part of the company’s merger. Under the merger agreement, each share was cancelled and converted into the right to receive $9.50 per share, for total cash consideration of $629,669.50. This was a disposition to the issuer tied to the merger—not an open-market sale by the insider.

Key Details

• Transaction date: 2026-09-29 (Disposition to issuer, code D)
• Price/consideration: $9.50 per share pursuant to merger agreement; total = $629,669.50
• Shares disposed: 66,281
• Shares owned after transaction: The reported Class A shares held immediately prior were cancelled at the Effective Time; post-merger the reporting person no longer holds those Class A shares
• Notable footnote: Merger Agreement dated May 2, 2026; at the Effective Time GBTG became a wholly owned subsidiary of Gaia Purchaser, Inc., and shares were cancelled for $9.50 in cash (no interest) (see footnote F1)
• Filing timeliness: Report filed on 2026-09-29 for the 2026-09-29 transaction (appears timely)

Context

• This disposition resulted from a contractual merger payout, not a voluntary market sale; it reflects the merger consideration paid to shareholders rather than a trading decision by the insider. Such issuer-directed conversions typically do not signal the insider’s view of the company’s future performance.