Form 4 code · Rule 16b-3

Code D: disposition to the issuer.

A disposition of securities to the issuer that is exempt under Rule 16b-3(e), for example shares surrendered in a buyback or a forfeiture. Not a market sale. Often appears around mergers, cancellations or forfeitures.

Quarter: Q3 2026
Non-derivative rows: 1,382
Derivative rows: 1,352
Share of non-derivative: 2.3%

Recent code D transactions

Latest-dated code D rows in Q3 2026. Shares and prices are as filed.
Date	Issuer	Insider	Shares	Price	Filing
2026-09-29	Global Business Travel Group, Inc.	Joabar Raymond	23,429	—	4
2026-09-29	Global Business Travel Group, Inc.	Joabar Raymond	97,097	—	4
2026-09-29	Global Business Travel Group, Inc.	Huska Patricia Anne	413,146	—	4
2026-09-29	Global Business Travel Group, Inc.	Huska Patricia Anne	856,752	—	4
2026-09-29	Global Business Travel Group, Inc.	Huska Patricia Anne	206,941	—	4
2026-09-29	Global Business Travel Group, Inc.	Abbott Paul G	827,779	—	4

Query code D transactions

Request with your API key

curl "https://sec-api.dev/api/v1/insider-transactions?period=2026q3&transactionCode=D&limit=10" \
  -H "Authorization: Bearer $SEC_API_KEY"

Insider trading API · Insider trading by company

Questions

What does transaction code D mean on Form 4?

How common is code D?

In Q3 2026, code D appeared on 1,382 non-derivative and 1,352 derivative transaction rows in the SEC insider transactions data set (2.3% of non-derivative rows).

Other codes

P: Open market or S: Open market or V: Voluntarily reported earlier A: Grant, award or F: Payment of exercise I: Discretionary transaction M: Exercise or conversion C: Conversion of derivative E: Expiration of short H: Expiration or cancellation O: Exercise of out-of-the-money X: Exercise of in-the-money G: Bona fide gift L: Small acquisition under W: Acquisition or disposition Z: Deposit into or J: Other acquisition or K: Transaction in equity U: Disposition pursuant to

Meaning: Form 4 General Instructions, Instruction 8. Counts and examples: SEC insider transactions data sets, Q3 2026.

Plain-text version for agents and LLMs: /form-4-transaction-codes/d.md

Independent. Not affiliated with, endorsed by, or sponsored by the U.S. Securities and Exchange Commission. Data is reproduced from public SEC filings and datasets. Not investment advice.