Amex Sells Over 157 Million Shares in GBTG Merger

Global Business Travel Group, Inc. (GBTG) recently filed a Form 4 document with the SEC, revealing insider trading activity from American Express Co.

The filing shows that on September 29, 2026, American Express Co. disposed of 157,786,199 shares of Class A Common Stock and 5,637,394 C Ordinary Shares of JerseyCo Limited as part of a merger agreement with Global Business Travel Group, Inc.

According to the filing, the merger was consummated on September 29, 2026, and at the effective time, each share of Class A common stock was automatically cancelled and converted into the right to receive $9.50 in cash.