EX-99.(e)(32)

Exhibit (e)(32)

From:

Global Blue Group Holding AG

Zurichstrasse 38

8306 Bruttisellen

Switzerland

(the “Company”)

To:

[***]

Dated: February 16, 2025

RSA Plan

In this letter, (the “Letter”), we refer to the RSAs granted to you pursuant to the award certificate(s) between you and the Company (the “Award Certificates”) under the Amended and Restated Management Incentive Plan for RSAs of the Company (as amended and restated on or about the date of this Letter and from time to time, the “RSA Plan”).

Any capitalised terms that are used in this Letter but not defined shall have the meaning given to them in the RSA Plan. This Letter amends the terms specified in the Award Certificates and RSA Plan and shall prevail in the event of any inconsistency between either the Award Certificates or the RSA Plan.

As you are aware, it is expected that Global Blue will be acquired by Shift4 Payments, Inc, (the “Transaction”). Solely in the event that the Transaction completes (which would be classified as a Change of Control pursuant to the RSA Plan) then it has agreed that the following will occur in respect of all the unvested Tranches of your Awards (“Unvested RSAs”) as of the Change of Control.

All Performance Conditions relating to the Unvested RSAs will be deemed satisfied at 100%.

Your Unvested RSAs shall automatically accelerate and be cancelled by the Company on the date of the Change of Control in exchange for a cash amount equal to $697,500.00 (which is the product of the number of shares underlying such Unvested RSAs and $7.50) and will be paid (as part of monthly salary in the month following completion of the Change of Control subject to deduction for all applicable employee taxes or employee National Insurance or social security contributions), regardless of whether the Change of Control results in a material reduction and/or alteration of your title, role and responsibilities or you ceasing to be an Employee for any reason.

This Letter has been prepared on the assumption of the Change of Control occurring prior to late August or September 2025. To the extent the Change of Control does not occur within that time period, your Unvested RSAs that would otherwise have Vested in August/September 2025 shall vest in accordance with the timetable of the existing RSA schedule and paragraph 2 above shall not apply to such Tranche.