GBTG

SEC source: 0001104659-23-080371 · tm2321140-2_4seq1.xml · nonDerivative · entry 1

Expedia Group, Inc. · CIK 0001324424 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By Expedia HoldCo.

Disclosed balance after: 74,849,607

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · kind: Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Exchange Act") pursuant to Rules 16b-3 and 16b-6 promulgated thereunder.

F1 · price: On July 10, 2023, EG Corporate Travel Holdings LLC, an indirect, wholly-owned subsidiary of the Reporting Person ("Expedia HoldCo."), exchanged 74,274,198 B Ordinary Shares (the "B Ordinary Shares") of GBT JerseyCo Limited ("JerseyCo") and an equal number of shares of Class B Common Stock (the "Class B Common Stock") of Global Business Travel Group, Inc. (the "Issuer") for an equal number of shares of Class A Common Stock of the Issuer (the "Class A Common Stock") as part of a series of transactions that simplify the organizational structure of the Issuer by eliminating the Issuer's umbrella partnership-C corporation structure (the "Corporate Simplification").

SEC source: 0001104659-23-080001 · tm2320897-1_4seq1.xml · derivative · entry 2

AMERICAN EXPRESS CO · CIK 0000004962 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By Amex HoldCo.

Disclosed balance after: 0

Underlying: Class A Common Stock · 157,786,199 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: On July 10, 2023, American Express Travel Holdings Netherlands Cooperatief U.A., an indirect, wholly-owned subsidiary of the Reporting Person ("Amex HoldCo."), exchanged 157,786,199 B Ordinary Shares (the "B Ordinary Shares") of GBT JerseyCo Limited ("JerseyCo") and an equal number of shares of Class B Common Stock (the "Class B Common Stock") of Global Business Travel Group, Inc. (the "Issuer") for an equal number of shares of Class A Common Stock of the Issuer (the "Class A Common Stock") as part of a series of transactions that simplify the organizational structure of the Issuer by eliminating the Issuer's umbrella partnership-C corporation structure (the "Corporate Simplification").

F2 · kind: Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Exchange Act") pursuant to Rules 16b-3 and 16b-6 promulgated thereunder.

F1 · price: On July 10, 2023, American Express Travel Holdings Netherlands Cooperatief U.A., an indirect, wholly-owned subsidiary of the Reporting Person ("Amex HoldCo."), exchanged 157,786,199 B Ordinary Shares (the "B Ordinary Shares") of GBT JerseyCo Limited ("JerseyCo") and an equal number of shares of Class B Common Stock (the "Class B Common Stock") of Global Business Travel Group, Inc. (the "Issuer") for an equal number of shares of Class A Common Stock of the Issuer (the "Class A Common Stock") as part of a series of transactions that simplify the organizational structure of the Issuer by eliminating the Issuer's umbrella partnership-C corporation structure (the "Corporate Simplification").

F1 · derivative.exercise_date: On July 10, 2023, American Express Travel Holdings Netherlands Cooperatief U.A., an indirect, wholly-owned subsidiary of the Reporting Person ("Amex HoldCo."), exchanged 157,786,199 B Ordinary Shares (the "B Ordinary Shares") of GBT JerseyCo Limited ("JerseyCo") and an equal number of shares of Class B Common Stock (the "Class B Common Stock") of Global Business Travel Group, Inc. (the "Issuer") for an equal number of shares of Class A Common Stock of the Issuer (the "Class A Common Stock") as part of a series of transactions that simplify the organizational structure of the Issuer by eliminating the Issuer's umbrella partnership-C corporation structure (the "Corporate Simplification").

F1 · derivative.expiration_date: On July 10, 2023, American Express Travel Holdings Netherlands Cooperatief U.A., an indirect, wholly-owned subsidiary of the Reporting Person ("Amex HoldCo."), exchanged 157,786,199 B Ordinary Shares (the "B Ordinary Shares") of GBT JerseyCo Limited ("JerseyCo") and an equal number of shares of Class B Common Stock (the "Class B Common Stock") of Global Business Travel Group, Inc. (the "Issuer") for an equal number of shares of Class A Common Stock of the Issuer (the "Class A Common Stock") as part of a series of transactions that simplify the organizational structure of the Issuer by eliminating the Issuer's umbrella partnership-C corporation structure (the "Corporate Simplification").

SEC source: 0001104659-23-080001 · tm2320897-1_4seq1.xml · nonDerivative · entry 1

AMERICAN EXPRESS CO · CIK 0000004962 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By Amex HoldCo.

Disclosed balance after: 157,786,199

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · kind: Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Exchange Act") pursuant to Rules 16b-3 and 16b-6 promulgated thereunder.

F1 · price: On July 10, 2023, American Express Travel Holdings Netherlands Cooperatief U.A., an indirect, wholly-owned subsidiary of the Reporting Person ("Amex HoldCo."), exchanged 157,786,199 B Ordinary Shares (the "B Ordinary Shares") of GBT JerseyCo Limited ("JerseyCo") and an equal number of shares of Class B Common Stock (the "Class B Common Stock") of Global Business Travel Group, Inc. (the "Issuer") for an equal number of shares of Class A Common Stock of the Issuer (the "Class A Common Stock") as part of a series of transactions that simplify the organizational structure of the Issuer by eliminating the Issuer's umbrella partnership-C corporation structure (the "Corporate Simplification").

SEC source: 0001104659-23-075795 · tm2319961-1_4seq1.xml · derivative · entry 2

Juweel Investors (SPC) Ltd · CIK 0001931210 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 5,644,269.89

Underlying: B Ordinary Shares of JerseyCo · 157,540.11 shares

Expires not disclosed

F3 · derivative.exercise_price: Pursuant to the Business Combination Agreement, if at any time during the five years following the Closing Date, the dollar volume-weighted average price of the Class A Common Stock is, for any 20 trading days within a period of 30 consecutive trading days, greater than or equal to (i) $12.50, then one-half of the number of C Ordinary Shares of JerseyCo (the "C Ordinary Shares") held by Juweel shall automatically and without further action on the part of any person be converted and re-designated into an equal number of B Ordinary Shares; or (ii) $15.00, then the remaining C Ordinary Shares held by Juweel shall automatically and without further action on the part of any person be converted and re-designated into an equal number of B Ordinary Shares.

F4 · kind: Juweel distributed these shares to a member of Juweel in redemption of its interests in Juweel.

F3 · derivative.exercise_date: Pursuant to the Business Combination Agreement, if at any time during the five years following the Closing Date, the dollar volume-weighted average price of the Class A Common Stock is, for any 20 trading days within a period of 30 consecutive trading days, greater than or equal to (i) $12.50, then one-half of the number of C Ordinary Shares of JerseyCo (the "C Ordinary Shares") held by Juweel shall automatically and without further action on the part of any person be converted and re-designated into an equal number of B Ordinary Shares; or (ii) $15.00, then the remaining C Ordinary Shares held by Juweel shall automatically and without further action on the part of any person be converted and re-designated into an equal number of B Ordinary Shares.

F3 · derivative.expiration_date: Pursuant to the Business Combination Agreement, if at any time during the five years following the Closing Date, the dollar volume-weighted average price of the Class A Common Stock is, for any 20 trading days within a period of 30 consecutive trading days, greater than or equal to (i) $12.50, then one-half of the number of C Ordinary Shares of JerseyCo (the "C Ordinary Shares") held by Juweel shall automatically and without further action on the part of any person be converted and re-designated into an equal number of B Ordinary Shares; or (ii) $15.00, then the remaining C Ordinary Shares held by Juweel shall automatically and without further action on the part of any person be converted and re-designated into an equal number of B Ordinary Shares.

SEC source: 0001104659-23-075795 · tm2319961-1_4seq1.xml · derivative · entry 1

Juweel Investors (SPC) Ltd · CIK 0001931210 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 157,978,661.01

Underlying: Class A Common Stock · 4,409,422.99 shares

Expires not disclosed

F1 · derivative.exercise_price: On May 27, 2022 (the "Closing Date"), in connection with the consummation of the transactions contemplated by the business combination agreement (the "Business Combination Agreement") dated December 2, 2021 between Apollo Strategic Growth Capital and GBT JerseyCo Limited ("JerseyCo"), Juweel Investors (SPC) Ltd ("Juweel"), received 162,388,084 B Ordinary Shares of JerseyCo (the "B Ordinary Shares") and an equal number of shares of Class B Common Stock (the "Class B Common Stock") of Global Business Travel Group, Inc. (the "Issuer").

F2 · derivative.exercise_price: Juweel also entered into an exchange agreement dated May 27, 2022 (the "Exchange Agreement") with the Issuer, JerseyCo, American Express Travel Holdings Netherlands Cooperatief U.A. ("Amex HoldCo.") and EG Corporate Travel Holdings LLC ("Expedia") giving it the right, on the terms and subject to the conditions of the Exchange Agreement, to exchange its B Ordinary Shares (with automatic cancellation of an equal number of shares of Class B Common Stock) for an equal number of shares of Class A Common Stock of the Issuer (the "Class A Common Stock") on a one-for-one basis, subject to customary adjustments for stock splits, stock dividends, reclassifications and other similar transactions or, in certain limited transactions, at the option of a committee of independent directors of the Issuer, for cash.

F4 · kind: Juweel distributed these shares to a member of Juweel in redemption of its interests in Juweel.

F1 · derivative.exercise_date: On May 27, 2022 (the "Closing Date"), in connection with the consummation of the transactions contemplated by the business combination agreement (the "Business Combination Agreement") dated December 2, 2021 between Apollo Strategic Growth Capital and GBT JerseyCo Limited ("JerseyCo"), Juweel Investors (SPC) Ltd ("Juweel"), received 162,388,084 B Ordinary Shares of JerseyCo (the "B Ordinary Shares") and an equal number of shares of Class B Common Stock (the "Class B Common Stock") of Global Business Travel Group, Inc. (the "Issuer").

F2 · derivative.exercise_date: Juweel also entered into an exchange agreement dated May 27, 2022 (the "Exchange Agreement") with the Issuer, JerseyCo, American Express Travel Holdings Netherlands Cooperatief U.A. ("Amex HoldCo.") and EG Corporate Travel Holdings LLC ("Expedia") giving it the right, on the terms and subject to the conditions of the Exchange Agreement, to exchange its B Ordinary Shares (with automatic cancellation of an equal number of shares of Class B Common Stock) for an equal number of shares of Class A Common Stock of the Issuer (the "Class A Common Stock") on a one-for-one basis, subject to customary adjustments for stock splits, stock dividends, reclassifications and other similar transactions or, in certain limited transactions, at the option of a committee of independent directors of the Issuer, for cash.

F1 · derivative.expiration_date: On May 27, 2022 (the "Closing Date"), in connection with the consummation of the transactions contemplated by the business combination agreement (the "Business Combination Agreement") dated December 2, 2021 between Apollo Strategic Growth Capital and GBT JerseyCo Limited ("JerseyCo"), Juweel Investors (SPC) Ltd ("Juweel"), received 162,388,084 B Ordinary Shares of JerseyCo (the "B Ordinary Shares") and an equal number of shares of Class B Common Stock (the "Class B Common Stock") of Global Business Travel Group, Inc. (the "Issuer").

F2 · derivative.expiration_date: Juweel also entered into an exchange agreement dated May 27, 2022 (the "Exchange Agreement") with the Issuer, JerseyCo, American Express Travel Holdings Netherlands Cooperatief U.A. ("Amex HoldCo.") and EG Corporate Travel Holdings LLC ("Expedia") giving it the right, on the terms and subject to the conditions of the Exchange Agreement, to exchange its B Ordinary Shares (with automatic cancellation of an equal number of shares of Class B Common Stock) for an equal number of shares of Class A Common Stock of the Issuer (the "Class A Common Stock") on a one-for-one basis, subject to customary adjustments for stock splits, stock dividends, reclassifications and other similar transactions or, in certain limited transactions, at the option of a committee of independent directors of the Issuer, for cash.

SEC source: 0001104659-23-074747 · tm2319574-1_4seq1.xml · nonDerivative · entry 1

Expedia Group, Inc. · CIK 0001324424 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By Expedia HoldCo

Disclosed balance after: 575,409

F1 · price: Represents shares issued by the Issuer to EG Corporate Travel Holdings LLC, a wholly-owned subsidiary of the Reporting Person ("Expedia HoldCo"), in connection with certain reimbursement obligations of the Issuer pursuant to the Equity Contribution Agreement, dated as of August 11, 2021, by and among GBT JerseyCo Limited, Juweel Investors (SPC) Limited and Expedia, Inc., a wholly-owned subsidiary of the Reporting Person.

SEC source: 0001209191-23-035172 · doc4.xml · nonDerivative · entry 1

Al-Sowaidi Mohammed Saif · CIK 0001929221 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 41,242

F1 · shares: Represents restricted stock units awarded as part of the Issuer's non-employee director compensation program. Units automatically convert to Issuer common stock upon vesting on a one-to-one basis. Award will fully vest on the date of the Issuer's 2024 annual stockholders meeting.

SEC source: 0001209191-23-035180 · doc4.xml · nonDerivative · entry 1

Petrino Richard · CIK 0001736600 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 41,242

F1 · shares: Represents restricted stock units awarded as part of the Issuer's non-employee director compensation program. Units automatically convert to Issuer common stock upon vesting on a one-to-one basis. Award will fully vest on the date of the Issuer's 2024 annual stockholders meeting.

SEC source: 0001209191-23-035183 · doc4.xml · nonDerivative · entry 1

Winters Kathleen A · CIK 0001468300 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 41,242

F1 · shares: Represents restricted stock units awarded as part of the Issuer's non-employee director compensation program. Units automatically convert to Issuer common stock upon vesting on a one-to-one basis. Award will fully vest on the date of the Issuer's 2024 annual stockholders meeting.

SEC source: 0001209191-23-035179 · doc4.xml · nonDerivative · entry 1

OHara Michael Gregory · CIK 0001295598 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 41,242

F1 · shares: Represents restricted stock units awarded as part of the Issuer's non-employee director compensation program. Units automatically convert to Issuer common stock upon vesting on a one-to-one basis. Award will fully vest on the date of the Issuer's 2024 annual stockholders meeting.

SEC source: 0001209191-23-035174 · doc4.xml · nonDerivative · entry 1

Bush James Peter · CIK 0001540196 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 58,742

F1 · shares: Represents restricted stock units awarded as part of the Issuer's non-employee director compensation program. Units automatically convert to Issuer common stock upon vesting on a one-to-one basis. Award will fully vest on the date of the Issuer's 2024 annual stockholders meeting.

SEC source: 0001209191-23-035175 · doc4.xml · nonDerivative · entry 1

Guevara Manzo Gloria Rebeca · CIK 0001713907 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 41,242

F1 · shares: Represents restricted stock units awarded as part of the Issuer's non-employee director compensation program. Units automatically convert to Issuer common stock upon vesting on a one-to-one basis. Award will fully vest on the date of the Issuer's 2024 annual stockholders meeting.

SEC source: 0001209191-23-035177 · doc4.xml · nonDerivative · entry 1

Joabar Raymond · CIK 0001788395 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 41,242

F1 · shares: Represents restricted stock units awarded as part of the Issuer's non-employee director compensation program. Units automatically convert to Issuer common stock upon vesting on a one-to-one basis. Award will fully vest on the date of the Issuer's 2024 annual stockholders meeting.

SEC source: 0001209191-23-035182 · doc4.xml · nonDerivative · entry 1

Ward Susan F · CIK 0001795151 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 41,242

F1 · shares: Represents restricted stock units awarded as part of the Issuer's non-employee director compensation program. Units automatically convert to Issuer common stock upon vesting on a one-to-one basis. Award will fully vest on the date of the Issuer's 2024 annual stockholders meeting.

SEC source: 0001209191-23-035176 · doc4.xml · nonDerivative · entry 1

Hart Eric M. · CIK 0001796087 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 41,242

F1 · shares: Represents restricted stock units awarded as part of the Issuer's non-employee director compensation program. Units automatically convert to Issuer common stock upon vesting on a one-to-one basis. Award will fully vest on the date of the Issuer's 2024 annual stockholders meeting.

SEC source: 0001209191-23-030743 · doc4.xml · nonDerivative · entry 4

Abbott Paul G · CIK 0001925927 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,537,575

SEC source: 0001209191-23-030743 · doc4.xml · nonDerivative · entry 3

Abbott Paul G · CIK 0001925927 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,537,225

SEC source: 0001209191-23-030743 · doc4.xml · nonDerivative · entry 2

Abbott Paul G · CIK 0001925927 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,530,193

SEC source: 0001209191-23-030743 · doc4.xml · nonDerivative · entry 1

Abbott Paul G · CIK 0001925927 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,529,178

SEC source: 0001209191-23-030212 · doc4.xml · nonDerivative · entry 1

Bock Eric J. · CIK 0001619717 · See remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,028,107

SEC source: 0001104659-23-049023 · tm2313565-1_4seq1.xml · nonDerivative · entry 1

Expedia Group, Inc. · CIK 0001324424 · Director · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · By Expedia HoldCo

Disclosed balance after: 413,668

F1 · price: Represents shares issued by the Issuer to EG Corporate Travel Holdings LLC, an indirect, wholly-owned subsidiary of the Reporting Person ("Expedia HoldCo."), in connection with certain reimbursement obligations of the Issuer pursuant to the Equity Contribution Agreement, dated as of August 11, 2021, by and among GBT JerseyCo Limited, Juweel Investors (SPC) Limited and the Reporting Person.

SEC source: 0001104659-23-039130 · tm2310833-7_4seq1.xml · nonDerivative · entry 2

ARES MANAGEMENT LLC · CIK 0001259313 · 10% owner

Ares Management Holdings L.P. · CIK 0001536937 · 10% owner

Ares Holdco LLC · CIK 0001669983 · 10% owner

Ares Management Corp · CIK 0001176948 · 10% owner

Ares Voting LLC · CIK 0001761656 · 10% owner

Ares Management GP LLC · CIK 0001620264 · 10% owner

Ares Partners Holdco LLC · CIK 0001620263 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnotes

Disclosed balance after: 3,675,285

F1 · kind: Represents a transfer by ASOF II A (DE) Holdings I, L.P. to ASOF II Holdings I, L.P. for no consideration.

F1 · price: Represents a transfer by ASOF II A (DE) Holdings I, L.P. to ASOF II Holdings I, L.P. for no consideration.

F2 · ownership.nature: 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").

F4 · ownership.nature: Represents shares of Class A common stock held of record by ASOF II Holdings I following the transactions reported herein.

F6 · ownership.nature: 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.

F7 · ownership.nature: 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.

SEC source: 0001104659-23-039130 · tm2310833-7_4seq1.xml · nonDerivative · entry 1

ARES MANAGEMENT LLC · CIK 0001259313 · 10% owner

Ares Management Holdings L.P. · CIK 0001536937 · 10% owner

Ares Holdco LLC · CIK 0001669983 · 10% owner

Ares Management Corp · CIK 0001176948 · 10% owner

Ares Voting LLC · CIK 0001761656 · 10% owner

Ares Management GP LLC · CIK 0001620264 · 10% owner

Ares Partners Holdco LLC · CIK 0001620263 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnotes

Disclosed balance after: 662,499

F1 · kind: Represents a transfer by ASOF II A (DE) Holdings I, L.P. to ASOF II Holdings I, L.P. for no consideration.

F1 · price: Represents a transfer by ASOF II A (DE) Holdings I, L.P. to ASOF II Holdings I, L.P. for no consideration.

F2 · ownership.nature: 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").

F3 · ownership.nature: Represents shares of Class A common stock held of record by ASOF II A (DE) Holdings I following the transactions reported herein.

F6 · ownership.nature: 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.

F7 · ownership.nature: 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.

SEC source: 0001104659-23-039132 · tm2310833-8_4seq1.xml · nonDerivative · entry 2

ASOF Investment Management LLC · CIK 0001793548 · 10% owner

ASOF Holdings I, L.P. · CIK 0001793549 · 10% owner

ASOF II A (DE) Holdings I, L.P. · CIK 0001933136 · 10% owner

ASOF II Holdings I, L.P. · CIK 0001933113 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnotes

Disclosed balance after: 3,675,285

F1 · kind: Represents a transfer by ASOF II A (DE) Holdings I, L.P. to ASOF II Holdings I, L.P. for no consideration.

F1 · price: Represents a transfer by ASOF II A (DE) Holdings I, L.P. to ASOF II Holdings I, L.P. for no consideration.

F2 · ownership.nature: 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").

F4 · ownership.nature: Represents shares of Class A common stock held of record by ASOF II Holdings I following the transactions reported herein.

F6 · ownership.nature: 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.

F7 · ownership.nature: 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.

SEC source: 0001104659-23-039132 · tm2310833-8_4seq1.xml · nonDerivative · entry 1

ASOF Investment Management LLC · CIK 0001793548 · 10% owner

ASOF Holdings I, L.P. · CIK 0001793549 · 10% owner

ASOF II A (DE) Holdings I, L.P. · CIK 0001933136 · 10% owner

ASOF II Holdings I, L.P. · CIK 0001933113 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnotes

Disclosed balance after: 662,499

F1 · kind: Represents a transfer by ASOF II A (DE) Holdings I, L.P. to ASOF II Holdings I, L.P. for no consideration.

F1 · price: Represents a transfer by ASOF II A (DE) Holdings I, L.P. to ASOF II Holdings I, L.P. for no consideration.

F2 · ownership.nature: 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").

F3 · ownership.nature: Represents shares of Class A common stock held of record by ASOF II A (DE) Holdings I following the transactions reported herein.

F6 · ownership.nature: 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.

F7 · ownership.nature: 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.

SEC source: 0001209191-23-025202 · doc4.xml · nonDerivative · entry 1

Konwiser Evan · CIK 0001924314 · See remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 719,383

F1 · shares: Represents time-based restricted stock units that shall vest in three equal annual installments beginning on March 1, 2024.

F2 · balance_after: Includes an adjustment to reflect additional shares withheld to cover tax withholding obligations in connection with the exercise of options inadvertently excluded from the Form 4 filed by the reporting person on January 30, 2023.

SEC source: 0001209191-23-025195 · doc4.xml · nonDerivative · entry 1

Crawley Andrew George · CIK 0001924629 · President

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,124,556

F1 · shares: Represents time-based restricted stock units that shall vest in three equal annual installments beginning on March 1, 2024.

SEC source: 0001209191-23-025206 · doc4.xml · nonDerivative · entry 1

Thompson John David · CIK 0001423891 · Chief Technology Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 523,844

F1 · shares: Represents time-based restricted stock units that shall vest in three equal annual installments beginning on March 1, 2024.

SEC source: 0001209191-23-025194 · doc4.xml · nonDerivative · entry 1

Bock Eric J. · CIK 0001619717 · See remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,025,857

F1 · shares: Represents time-based restricted stock units that shall vest in three equal annual installments beginning on March 1, 2024.

F2 · balance_after: Includes an adjustment to reflect additional shares withheld to cover tax withholding obligations in connection with the exercise of options inadvertently excluded from the Form 4 filed by the reporting person on January 30, 2023.

SEC source: 0001209191-23-025208 · doc4.xml · nonDerivative · entry 2

Van Vliet Christopher · CIK 0001927653 · Vice President, Controller

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 105,061

F2 · shares: Represents time-based restricted stock units that shall vest in three equal annual installments beginning on March 1, 2024.

SEC source: 0001209191-23-025205 · doc4.xml · nonDerivative · entry 1

Tchobanova Boriana · CIK 0001924317 · Chief Transformation Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 158,450

F1 · shares: Represents time-based restricted stock units that shall vest in three equal annual installments beginning on March 1, 2024.

SEC source: 0001209191-23-025198 · doc4.xml · nonDerivative · entry 1

Huska Patricia Anne · CIK 0001924575 · Chief People Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,387,466

F1 · shares: Represents time-based restricted stock units that shall vest in three equal annual installments beginning on March 1, 2024.

F2 · balance_after: Includes an adjustment to reflect additional shares withheld to cover tax withholding obligations in connection with the exercise of options inadvertently excluded from the Form 4 filed by the reporting person on January 30, 2023.

SEC source: 0001209191-23-025197 · doc4.xml · nonDerivative · entry 1

Hollyhead Mark · CIK 0001924573 · See remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 286,947

F1 · shares: Represents time-based restricted stock units that shall vest in three equal annual installments beginning on March 1, 2024.

SEC source: 0001209191-23-025193 · doc4.xml · nonDerivative · entry 1

Abbott Paul G · CIK 0001925927 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 2,529,078

F1 · shares: Represents time-based restricted stock units that shall vest in three equal annual installments beginning on March 1, 2024.

SEC source: 0001209191-23-025208 · doc4.xml · nonDerivative · entry 1

Van Vliet Christopher · CIK 0001927653 · Vice President, Controller

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 58,040

F1 · shares: Reflects shares withheld to cover tax withholding obligations in connection with the vesting of restricted stock units.

SEC source: 0001562180-23-007760 · primarydocument.xml · nonDerivative · entry 1

Hollyhead Mark · CIK 0001924573 · See remarks

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 117,148

F1 · kind: Reflects shares withheld to cover the reporting person's tax withholding obligations in connection with the vesting of restricted stock units.

F2 · balance_after: Reflects securities beneficially owned as of March 1, 2023 after the transaction reported herein. This filing is also deemed to update the amount of securities reported as beneficially owned on any Form 4 filed by the reporting person after March 1, 2023 through the date hereof.

SEC source: 0001209191-23-006336 · doc4.xml · nonDerivative · entry 1

Bock Eric J. · CIK 0001619717 · See remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,817,306

F1 · kind: Represents time-based restricted stock units that shall vest in three equal installments beginning on January 26, 2024.

SEC source: 0001209191-23-005581 · doc4.xml · derivative · entry 9

Konwiser Evan · CIK 0001924314 · See remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Stock · 87,658 shares

Expires 2027-05-23

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · kind: These stock options were mandatorily exercised in connection with an issuer exchange offer.

F5 · derivative.exercise_date: These stock options were fully vested.

SEC source: 0001209191-23-005581 · doc4.xml · derivative · entry 8

Konwiser Evan · CIK 0001924314 · See remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Stock · 70,127 shares

Expires 2026-12-05

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · kind: These stock options were mandatorily exercised in connection with an issuer exchange offer.

F5 · derivative.exercise_date: These stock options were fully vested.

SEC source: 0001209191-23-005581 · doc4.xml · derivative · entry 7

Konwiser Evan · CIK 0001924314 · See remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Stock · 17,531 shares

Expires 2025-03-30

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · kind: These stock options were mandatorily exercised in connection with an issuer exchange offer.

F5 · derivative.exercise_date: These stock options were fully vested.

SEC source: 0001209191-23-005581 · doc4.xml · derivative · entry 6

Konwiser Evan · CIK 0001924314 · See remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Stock · 43,829 shares

Expires 2029-09-25

F1 · kind: Reflects an exchange of stock options for time-based restricted stock units pursuant to the issuer exchange offer. The restricted stock units shall vest in three equal annual installments beginning on January 26, 2024.

F1 · price: Reflects an exchange of stock options for time-based restricted stock units pursuant to the issuer exchange offer. The restricted stock units shall vest in three equal annual installments beginning on January 26, 2024.

F4 · derivative.exercise_date: These stock options were to vest in five equal annual installments beginning on October 1, 2020.

SEC source: 0001209191-23-005581 · doc4.xml · nonDerivative · entry 5

Konwiser Evan · CIK 0001924314 · See remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 564,767

F3 · kind: Reflects shares withheld to cover the reporting person's exercise price and tax withholding obligations in connection with the exercise of stock options reported herein.

SEC source: 0001209191-23-005581 · doc4.xml · nonDerivative · entry 4

Konwiser Evan · CIK 0001924314 · See remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 730,558

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · kind: These stock options were mandatorily exercised in connection with an issuer exchange offer.

SEC source: 0001209191-23-005581 · doc4.xml · nonDerivative · entry 3

Konwiser Evan · CIK 0001924314 · See remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 642,900

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · kind: These stock options were mandatorily exercised in connection with an issuer exchange offer.

SEC source: 0001209191-23-005581 · doc4.xml · nonDerivative · entry 2

Konwiser Evan · CIK 0001924314 · See remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 572,773

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · kind: These stock options were mandatorily exercised in connection with an issuer exchange offer.

SEC source: 0001209191-23-005581 · doc4.xml · nonDerivative · entry 1

Konwiser Evan · CIK 0001924314 · See remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 555,242

F1 · kind: Reflects an exchange of stock options for time-based restricted stock units pursuant to the issuer exchange offer. The restricted stock units shall vest in three equal annual installments beginning on January 26, 2024.

F1 · price: Reflects an exchange of stock options for time-based restricted stock units pursuant to the issuer exchange offer. The restricted stock units shall vest in three equal annual installments beginning on January 26, 2024.

SEC source: 0001209191-23-005579 · doc4.xml · derivative · entry 2

Gerow Martine · CIK 0001924315 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Stock · 1,066,555 shares

Expires 2031-12-02

F1 · kind: Reflects an exchange of stock options for time-based restricted stock units pursuant to the issuer exchange offer. The restricted stock units shall vest in three equal annual installments beginning on January 26, 2024.

F1 · price: Reflects an exchange of stock options for time-based restricted stock units pursuant to the issuer exchange offer. The restricted stock units shall vest in three equal annual installments beginning on January 26, 2024.

F2 · derivative.exercise_date: These stock options were to vest in three equal annual installments beginning on December 2, 2022.

SEC source: 0001209191-23-005579 · doc4.xml · nonDerivative · entry 1

Gerow Martine · CIK 0001924315 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 633,280

F1 · kind: Reflects an exchange of stock options for time-based restricted stock units pursuant to the issuer exchange offer. The restricted stock units shall vest in three equal annual installments beginning on January 26, 2024.

F1 · price: Reflects an exchange of stock options for time-based restricted stock units pursuant to the issuer exchange offer. The restricted stock units shall vest in three equal annual installments beginning on January 26, 2024.

SEC source: 0001209191-23-005578 · doc4.xml · derivative · entry 2

Crawley Andrew George · CIK 0001924629 · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Stock · 1,243,136 shares

Expires 2031-12-02

F1 · kind: Reflects an exchange of stock options for time-based restricted stock units pursuant to the issuer exchange offer. The restricted stock units shall vest in three equal annual installments beginning on January 26, 2024.

F1 · price: Reflects an exchange of stock options for time-based restricted stock units pursuant to the issuer exchange offer. The restricted stock units shall vest in three equal annual installments beginning on January 26, 2024.

F2 · derivative.exercise_date: These stock options were to vest in three equal annual installments beginning on December 2, 2022.

SEC source: 0001209191-23-005578 · doc4.xml · nonDerivative · entry 1

Crawley Andrew George · CIK 0001924629 · President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 654,337

F1 · kind: Reflects an exchange of stock options for time-based restricted stock units pursuant to the issuer exchange offer. The restricted stock units shall vest in three equal annual installments beginning on January 26, 2024.

F1 · price: Reflects an exchange of stock options for time-based restricted stock units pursuant to the issuer exchange offer. The restricted stock units shall vest in three equal annual installments beginning on January 26, 2024.