Yatra Online director Kaufman receives 7,602 shares

The reported Fund position is separate from Kaufman's direct award and carries a beneficial-ownership disclaimer tied to any pecuniary interest.

Rhea-AI Filing Summary

Yatra Online, Inc. director Michael A. Kaufman acquired 7,602 Ordinary Shares as a grant/award on October 14, 2026, at a reported price of $0.00 per share; his direct holdings after the award were 69,187 shares. A separate entry reports 12,170,301 shares held by MAK Capital Fund LP. Kaufman may be deemed to share voting and dispositive power over the Fund’s shares through MAK Capital One, the Fund’s general partner, and disclaims beneficial ownership except to the extent of any pecuniary interest.

Insider Trade Summary

Grant/Award: 7,602 shares

Grant/Award 2 txns

Insider Kaufman Michael A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Ordinary Shares	7,602	$0.00	$0.00
holding	Ordinary Shares F1	--	--	--

Holdings After Transaction: Ordinary Shares — 69,187 shares (Direct); Ordinary Shares — 12,170,301 shares (Indirect, By MAK Capital Fund LP)

Footnotes (1)

1. F1. 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.

Key Figures

Shares awarded: 7,602 shares Reported price per share: $0.00 per share Direct holdings after award: 69,187 shares +1 more

4 metrics

Shares awarded 7,602 shares Ordinary Shares; grant/award on October 14, 2026

Reported price per share $0.00 per share Grant/award on October 14, 2026

Direct holdings after award 69,187 shares Ordinary Shares

Fund holdings 12,170,301 shares Ordinary Shares held by MAK Capital Fund LP

Key Terms

beneficial ownership, dispositive power, pecuniary interest

3 terms

beneficial ownership technical

"disclaims beneficial ownership of such shares"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

dispositive power technical

"shared voting and dispositive power over the shares held by the Fund"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

pecuniary interest technical

"except to the extent of his pecuniary interest therein, if any"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many YTRA shares did director Michael A. Kaufman receive?

Yatra Online, Inc. director Michael A. Kaufman acquired 7,602 Ordinary Shares as a grant/award on October 14, 2026, at a reported price of $0.00 per share. His reported direct holdings after the award were 69,187 shares.

How many YTRA shares does MAK Capital Fund LP hold?

MAK Capital Fund LP held 12,170,301 Ordinary Shares. Michael A. Kaufman, managing member of the Fund’s general partner, may be deemed to share voting and dispositive power over those shares, but disclaims beneficial ownership except to the extent of any pecuniary interest.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/14/2026 - 04:05 PM EDT Accepted by SEC EDGAR 10/14/2026 - 04:05 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Kaufman Michael A

(Last) (First) (Middle)

GULF ADIBA, PLOT NO. 272

4TH FLOOR, UDYOG VIHAR, PHASE-II

(Street)

HARYANA 122008

(City) (State) (Zip)

INDIA

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/14/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares	10/14/2026		A		7,602	A	$0	69,187	D
Ordinary Shares								12,170,301	I	By MAK Capital Fund LP(1)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	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	10/14/2026
	** 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 4 (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 4: SEC 1474 (03-26)