Director Michael Kaufman details Yatra (YTRA) direct and fund-held shares

Rhea-AI Filing Summary

Yatra Online, Inc. director Michael A. Kaufman filed an initial ownership report showing his stake in the company’s ordinary shares. He reports 47,714 shares held directly and 12,170,301 shares held indirectly through MAK Capital Fund LP. The indirect holdings are controlled by MAK Capital Fund LP and its general partner MAK Capital One L.L.C., where Kaufman is managing member. He states that he may be deemed to share voting and dispositive power over the fund’s shares, but disclaims beneficial ownership beyond any pecuniary interest.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Kaufman Michael A

Role Director

Type	Security	Shares	Price	Value
holding	Ordinary Shares	--	--	--
holding	Ordinary Shares	--	--	--

Holdings After Transaction: Ordinary Shares — 47,714 shares (Direct); Ordinary Shares — 12,170,301 shares (Indirect, By MAK Capital Fund LP)

Footnotes (1)

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SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Kaufman Michael A

(Last) (First) (Middle)

GULF ADIBA, PLOT NO. 272 4TH FLOOR,

UDYOG VIHAR, PHASE-II, SEC-20, GURUGRAM

(Street)

HARYANA 122008

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Yatra Online, Inc. [ YTRA ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary Shares	47,714	D
Ordinary Shares	12,170,301	I	By MAK Capital Fund LP(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Shares held by MAK Capital Fund LP (the "Fund"). MAK Capital One L.L.C. ("MAK Capital One") is the general partner of the Fund and, as such, has shared voting and dispositive power over the shares held by the Fund. The Reporting Person is the managing member of MAK Capital One and, by virtue of such position, may be deemed to share voting and dispositive power over the shares held by the Fund. The Reporting Person disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that the Reporting Person is a beneficial owner of such shares for purposes of Section 16 of the Exchange Act or for any other purpose.

	/s/ Michael A. Kaufman	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does Michael A. Kaufman’s Form 3 for YTRA show?

The Form 3 shows Michael A. Kaufman’s initial ownership in Yatra Online, Inc. (YTRA). He reports 47,714 ordinary shares held directly and 12,170,301 ordinary shares held indirectly through MAK Capital Fund LP, reflecting his disclosed equity interest.

How many YTRA shares does Michael Kaufman hold directly and indirectly?

Michael Kaufman reports 47,714 Yatra ordinary shares held directly. He also reports 12,170,301 ordinary shares held indirectly through MAK Capital Fund LP, where control is exercised via MAK Capital One L.L.C., his affiliated entity.

What is MAK Capital Fund LP’s role in Yatra (YTRA) share ownership?

MAK Capital Fund LP holds 12,170,301 Yatra ordinary shares reported as indirect holdings for Michael Kaufman. MAK Capital One L.L.C., the fund’s general partner, shares voting and dispositive power over these shares according to the disclosure footnote.

Does Michael Kaufman claim full beneficial ownership of the MAK Capital YTRA shares?

No. Michael Kaufman states he may be deemed to share voting and dispositive power over shares held by MAK Capital Fund LP, but he disclaims beneficial ownership of those shares except to the extent of his pecuniary interest.

Is Michael Kaufman a director of Yatra Online, Inc. (YTRA)?

Yes. The filing identifies Michael A. Kaufman as a director of Yatra Online, Inc.. The Form 3 serves as his initial statement of beneficial ownership of the company’s ordinary shares in that capacity.