---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-079703"
form_type: "8-K"
ticker: "GBTG"
cik: "0001820872"
company_name: "Global Business Travel Group, Inc."
filed_at: "2023-07-10T23:59:59+00:00"
generated_at: "2026-06-13T10:38:55.103318+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# GBTG eliminates UP-C structure; all shares now Class A common stock

## Summary
- Legacy stockholders (Amex, Juweel, Expedia) exchange all B Shares for Class A common stock.
- Elimination of UP-C structure expected to improve index weighting and reduce administrative costs.
- Transaction qualifies for non-recognition under Section 351; net tax impact not material.
- No JerseyCo B Shares remain outstanding; Tax Distributions to legacy stockholders cease.
- Company enters amendments to BCA and Shareholders Agreement to reflect new structure.

## SEC filing metadata
- accession: 0001104659-23-079703
- form_type: 8-K
- ticker: GBTG
- cik: 0001820872
- company_name: Global Business Travel Group, Inc.
- filed_at: 2023-07-10T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820872/000110465923079703/0001104659-23-079703-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820872/000110465923079703/tm2320643d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-079703
- JSON: https://secwatch.observer/filing/0001104659-23-079703.json
- Plain text: https://secwatch.observer/filing/0001104659-23-079703.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.