George Syllantavos - Jul 18, 2022 Form 4 Insider Report for Mondee Holdings, Inc. (MOND)

Role: Director
Signature: /s/ George Syllantavos
Stock symbol: MOND
Transactions as of: Jul 18, 2022
Transactions value $: $0
Form type: 4
Date filed: 7/20/2022, 09:56 PM
Previous filing: Jul 5, 2022
Next filing: May 19, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MOND	Class A Common Stock, par value $0.0001 per share	Other		+207K	+2065.5%		217K	Jul 18, 2022	Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Pursuant to that certain Securities Assignment Agreement, dated October 28, 2020 (the "Assignment Agreement") by and between ITHAX Acquisition Sponsor LLC, a Delaware limited liability company (the "Sponsor") and the Reporting Person, the Sponsor agreed to transfer to the Reporting Person four percent of the Class B ordinary shares, par value $0.001 per share, of the Issuer (as defined below) (the "Class B Ordinary Shares"), held by the Sponsor, with such percentage including the 10,000 Class B Ordinary Shares transferred to the Reporting Person on October 28, 2020, promptly following the consummation of the business combination (the "Business Combination") of Mondee Holdings, Inc., a Delaware corporation, formerly known as ITHAX Acquisition Corp., a Cayman Islands exempted company (the "Issuer"), pursuant to that certain Business Combination Agreement, as amended, dated December 20, 2021, by and among the parties thereto.
F2	In connection with the Business Combination, all of the outstanding the Class B Ordinary Shares automatically converted into shares of Class A common stock, par value $0.0001 (the "Class A Common Stock"), on a one-for-one basis for no additional consideration. Thus, on July 18, 2022, the Sponsor transferred 206,550 shares of Class A Common Stock pursuant to the Assignment Agreement.
F3	As of July 18, 2022, the Reporting Person resigned as a director of the Issuer and is therefore no longer subject to reporting obligations under Section 16 of the Securities Exchange Act of 1934, as amended. The Reporting Person did not have any transactions in the Issuer's securities during the time that he was a Section 16 reporting person other than those previously disclosed in the Initial Statement of Beneficial Ownership of Securities on Form 3, filed on January 27, 2021.