Zoom Amends GBTG Stake Filing, Signals Continued Investment

TL;DR

**Zoom still owns a piece of Global Business Travel Group, good sign for GBTG.**

AI Summary

Zoom Video Communications, Inc. filed an amended SC 13G/A on February 7, 2024, indicating its ownership of Class A Common Stock in Global Business Travel Group, Inc. (GBTG) as of December 31, 2023. This filing updates previous disclosures, signaling that Zoom continues to hold a significant, though not necessarily controlling, stake in GBTG. For investors, this matters because Zoom's continued investment suggests confidence in GBTG's business, potentially influencing GBTG's stock valuation and future strategic partnerships.

Why It Matters

Zoom's ongoing ownership in Global Business Travel Group, Inc. could be seen as a vote of confidence, potentially impacting GBTG's stock price and market perception.

Risk Assessment

Risk Level: low — This filing is an amendment to a standard disclosure, indicating no immediate or significant change in investment strategy that would pose a high risk.

Analyst Insight

Investors in Global Business Travel Group, Inc. should note Zoom's continued stake as a potential positive signal, but should also research the specific reasons for Zoom's investment and any strategic implications.

Key Players & Entities

• Zoom Video Communications, Inc. (company) — the reporting person filing the SC 13G/A
• Global Business Travel Group, Inc. (company) — the issuer whose securities are being reported
• Delaware (place) — state of incorporation for Zoom Video Communications, Inc.
• December 31, 2023 (date) — date of event requiring the filing
• February 7, 2024 (date) — date the SC 13G/A was filed

Forward-Looking Statements

• Zoom will maintain its stake in Global Business Travel Group, Inc. for the foreseeable future. (Zoom Video Communications, Inc.) — medium confidence, target: December 31, 2024

FAQ

Key Financial Figures

• $0.0001 — (Name of Issuer) Class A Common stock, $0.0001 par value per share (Title of Class o

Filing Documents

• tm245427d1_sc13ga.htm (SC 13G/A) — 34KB
• 0001104659-24-011620.txt ( ) — 35KB

From the Filing

SC 13G/A 1 tm245427d1_sc13ga.htm SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* Global Business Travel Group, Inc. (Name of Issuer) Class A Common stock, $0.0001 par value per share (Title of Class of Securities) 37890B 10 0 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 37890B 10 0 1. Names of Reporting Persons Zoom Video Communications, Inc. 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3. SEC Use Only 4. Citizenship or Place of Organization Delaware Number of Shares Beneficially Owned by Each Reporting Person With 5. Sole Voting Power 4,000,000 6. Shared Voting Power 7. Sole Dispositive Power 4,000,000 8. Shared Dispositive Power 9. Aggregate Amount Beneficially Owned by Each Reporting Person 4,000,000 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨ 11. Percent of Class Represented by Amount in Row (9) 0.9% (1) 12. Type of Reporting Person (See Instructions) CO (1) This percentage is based on a total of 467,022,817 shares of Class A Common Stock outstanding as of November 3, 2023, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2023, filed with the Securities and Exchange Commission on November 7, 2023. 2 Item 1. (a) Name of Issuer Global Business Travel Group, Inc. (b) Address of Issuer’s Principal Executive Offices 666 3rd Avenue, 4th Floor New York, NY 10017 Item 2. (a) Name of Person Filing Zoom Video Communications, Inc. (b) Address of Principal Business Office or, if none, Residence 55 Almaden Boulevard, 6th Floor San Jose, California 95113 (c) Citizenship Delaware (d) Title of Class of Securities Class A Common Stock, $0.0001 par value (e) CUSIP Number 37890B 10 0 Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: Not applicable Item 4. The following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1 is provided as of December 31, 2023: (a) Amount beneficially owned: 4,000,000 (b) Percent of class: 4,000,000 (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 4,000,000 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 4,000,000 (iv) Shared power to dispose or to direct the disposition of: 0 3 Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following Item 6. Not applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person Not applicable Item 8. Identification and Classification of Members of the Group Not applicable Item 9. Notice of Dissolution of Group Not applicable Item 10. Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11. 4 Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: February 7, 2024 Zoom Video Communications, Inc. By: /s/ Kelly Steckelberg Name: Kelly Steckelberg Title: Chief Financial Officer ATTENTION Intentional misstatements or omissions of fact constitute Federal Criminal Violations