ASOF Investment Management LLC - May 31, 2022 Form 4 Insider Report for Global Business Travel Group, Inc. (GBTG)

Role
10%+ Owner
Signature
ASOF Investment Management LLC, By: /s/ Naseem Sagati Aghili, Authorized Signatory
Stock symbol
GBTG
Transactions as of
May 31, 2022
Transactions value $
$3,628,866
Form type
4
Date filed
6/8/2022, 08:24 PM
Previous filing
Jun 8, 2022
Next filing
Mar 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GBTG Class A Common Stock Purchase $1.27M +150K +1.82% $8.47 8.4M May 31, 2022 See footnotes F1, F2, F3, F4
transaction GBTG Class A Common Stock Purchase $1.05M +123K +1.47% $8.56 8.52M Jun 1, 2022 See footnotes F1, F2, F3, F4
transaction GBTG Class A Common Stock Purchase $175K +20K +0.23% $8.74 8.54M Jun 2, 2022 See footnotes F1, F2, F3, F4
transaction GBTG Class A Common Stock Purchase $488K +56.7K +0.66% $8.61 8.6M Jun 3, 2022 See footnotes F1, F2, F3, F4
transaction GBTG Class A Common Stock Purchase $640K +75.6K +0.88% $8.47 8.68M Jun 6, 2022 See footnotes F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This statement is being filed jointly by (i) ASOF Holdings I, L.P. ("ASOF Holdings I"), (ii) ASOF II A (DE) Holdings I, L.P. ("ASOF II A (DE) Holdings I"), (iii) ASOF II Holdings I, L.P. ("ASOF II Holdings I" and, together with ASOF Holdings I and ASOF II A (DE) Holdings I, the "Ares Holders"), (iv) ASOF Investment Management LLC ("ASOF Investment Management"), (v) Ares Management LLC, (vi) Ares Management Holdings L.P. ("Ares Management Holdings"), (vii) Ares Holdco LLC ("Ares Holdco"), (viii) Ares Management Corporation ("Ares Management"), (ix) Ares Voting LLC ("Ares Voting"), (x) Ares Management GP LLC ("Ares Management GP") and (xi) Ares Partners Holdco LLC ("Ares Partners") (collectively, the "Reporting Persons").
F2 Following the transactions reported herein, includes: (i) 4,337,784 shares of Class A common stock held of record by ASOF Holdings I; (ii) 2,168,891 shares of Class A common stock held of record by ASOF II A (DE) Holdings I; and (iii) 2,168,893 shares of Class A common stock held of record by ASOF II Holdings I.
F3 ASOF Investment Management is the manager of each of the Ares Holders. The sole member of ASOF Investment Management is Ares Management LLC. The sole member of Ares Management LLC is Ares Management Holdings and the general partner of Ares Management Holdings is Ares Holdco. The sole member of Ares Holdco is Ares Management. Ares Management GP is the sole holder of the Class B common stock of Ares Management (the "Ares Class B Common Stock") and Ares Voting is the sole holder of the Class C common stock of Ares Management (the "Ares Class C Common Stock"). Pursuant to Ares Management's Certificate of Incorporation in effect as of the date of this filing, the holders of the Ares Class B Common Stock and the Ares Class C Common Stock, collectively, will generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. The sole member of both Ares Management GP and Ares Voting is Ares Partners.
F4 Ares Partners is managed by a board of managers, which is composed of Michael J. Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the "Board Members"). Mr. Ressler generally has veto authority over the Board Members' decisions. Each of the Reporting Persons, the Board Members and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons expressly disclaims beneficial ownership of these securities, except to the extent of any pecuniary interest therein, and this filing shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes.

Remarks:

Due to the limitations of the electronic filing system, Ares Management LLC, Ares Management Holdings L.P., Ares Holdco LLC, Ares Management Corporation, Ares Voting LLC, Ares Management GP LLC and Ares Partners Holdco LLC are filing a separate Form 4.