Michael Qualantone - May 27, 2022 Form 4 Insider Report for Global Business Travel Group, Inc. (GBTG)

Role
Chief Revenue Officer
Signature
/s/ Jennifer Giampietro, as Attorney-in-Fact
Stock symbol
GBTG
Transactions as of
May 27, 2022
Transactions value $
$0
Form type
4
Date filed
6/1/2022, 05:45 PM
Next filing
Aug 16, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GBTG Employee Stock Option (right to buy) Award +386K 386K May 27, 2022 Class A Common Stock 386K $5.74 Direct F1, F2
transaction GBTG Employee Stock Option (right to buy) Award +596K 596K May 27, 2022 Class A Common Stock 596K $6.37 Direct F1, F3
transaction GBTG Employee Stock Option (right to buy) Award +438K 438K May 27, 2022 Class A Common Stock 438K $7.23 Direct F1, F4
transaction GBTG Employee Stock Option (right to buy) Award +508K 508K May 27, 2022 Class A Common Stock 508K $14.58 Direct F1, F5
transaction GBTG Employee Stock Option (right to buy) Award +1.11M 1.11M May 27, 2022 Class A Common Stock 1.11M $10.03 Direct F1, F6
transaction GBTG Class C Ordinary Shares Award +68.9K 68.9K May 27, 2022 Class A Common Stock 68.9K Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents equity awards granted by GBT JerseyCo Limited ("GBT") that have been converted into equity awards of Apollo Strategic Growth Capital (which subsequently changed its name to "Global Business Travel Group, Inc.", the "Issuer") pursuant to the terms of the business combination agreement, dated as of December 2, 2021, entered into by and between GBT and the Issuer (the "Business Combination Agreement"), pursuant to which the Issuer acquired GBT (the "Business Combination"). The Business Combination closed on May 27, 2022.
F2 Represents stock options originally granted by GBT on March 30, 2015 that are fully vested.
F3 Represents stock options originally granted by GBT on September 30, 2015 that are fully vested.
F4 Represents stock options originally granted by GBT on March 13, 2018 and that vest in five equal annual installments beginning on April 1, 2018.
F5 Represents stock options originally granted by GBT on September 25, 2019 and that vest in five equal annual installments beginning on October 1, 2019.
F6 Represents stock options originally granted by GBT on December 2, 2021 and that vest in three equal annual installments beginning on December 2, 2022.
F7 Reflects Class C ordinary shares of the Issuer ("Earnout Shares") acquired in the Business Combination for equity of GBT held by the reporting person prior to the closing of the Business Combination. Pursuant to the terms of the Business Combination Agreement, these Earnout Shares will automatically convert into Class A common stock of the Issuer ("Class A Shares"), if, from the closing of the Business Combination until the fifth anniversary thereof, the volume-weighted average price of the Class A Shares exceeds certain thresholds as discussed below. One half of these Earnout Shares will automatically convert into Class A Shares if the volume-weighted average price of the Class A Shares exceeds $12.50 for any 20 trading days within any 30 trading day period, and other half will automatically convert if the volume-weighted average price of the Class A shares exceeds $15.00 for any 20 trading days within any 30 trading day period.