Zoom Amends Global Business Travel Group Stake Filing

TL;DR

**Zoom updated its stake in Global Business Travel Group, Inc. as of year-end 2023.**

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. as of December 31, 2023. This filing, an amendment to a previous disclosure, signals a potential change in Zoom's investment stake or reporting status in Global Business Travel Group, Inc. Investors should note this as it could reflect Zoom's evolving strategic interest or a re-evaluation of its position in the travel services sector, potentially impacting market perception of Global Business Travel Group, Inc.'s stock.

Why It Matters

This filing updates Zoom's reported ownership in Global Business Travel Group, Inc., providing transparency on its investment and potentially signaling a shift in its strategic involvement or portfolio allocation.

Risk Assessment

Risk Level: low — This is a routine amendment filing, not indicating any immediate high-risk event, but rather an update to a prior disclosure.

Analyst Insight

An investor should monitor subsequent filings from Zoom regarding Global Business Travel Group, Inc. to understand any changes in beneficial ownership percentages, which could signal a more significant strategic move.

Key Numbers

• $0.0001 — par value per share (par value of Global Business Travel Group, Inc.'s Class A Common stock)
• 37890B 10 0 — CUSIP Number (identifies Global Business Travel Group, Inc.'s Class A Common stock)

Key Players & Entities

• Zoom Video Communications, Inc. (company) — the reporting person filing the SC 13G/A
• Global Business Travel Group, Inc. (company) — the subject company 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 of this statement
• February 7, 2024 (date) — date the SC 13G/A was filed

Forward-Looking Statements

• Zoom's strategic interest in the travel sector, particularly business travel, may be evolving. (Zoom Video Communications, Inc.) — medium confidence, target: 2024-12-31
• Global Business Travel Group, Inc. could see increased scrutiny from investors due to Zoom's updated stake. (Global Business Travel Group, Inc.) — low confidence, target: 2024-06-30

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