Hyatt Hotels (H) holder 1902 Capital files Form 3 for 9.47M Class B
Rhea-AI Filing Summary
1902 Capital, LLC filed an initial insider ownership report for Hyatt Hotels Corp. The filing shows beneficial ownership of 9,474,171 shares of Class B Common Stock, held directly. Each Class B share is convertible at any time, at the holder’s option, into one share of Class A Common Stock, and also converts automatically into Class A upon most transfers, subject to certain permitted transfers described in Hyatt’s Amended and Restated Certificate of Incorporation. The filing notes that 1902 Capital is part of a 10% owner group and disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest.
Positive
- None.
Negative
- None.
FAQ
What does Hyatt Hotels Corp (H) Form 3 filed by 1902 Capital, LLC report?
The Form 3 reports that 1902 Capital, LLC beneficially owns 9,474,171 shares of Hyatt Hotels Corp Class B Common Stock, held directly.
Who is the reporting person in the Hyatt (H) insider ownership filing?
The reporting person is 1902 Capital, LLC, which is identified as a 10% owner with an additional status noted as “See Remarks.”
How is Hyatt Hotels Class B Common Stock treated in this Form 3?
Each share of Class B Common Stock is convertible at any time, at the option of the holder, into one share of Class A Common Stock. It also converts automatically into one Class A share upon most transfers, except certain permitted transfers.
Is 1902 Capital, LLC part of a group owning Hyatt (H) shares?
Yes. The remarks state that 1902 Capital, LLC is a member of a 10% owner group based on voting agreements and limits on transfers of Hyatt Class A and Class B Common Stock.
Does 1902 Capital, LLC fully claim beneficial ownership of all reported Hyatt shares?
No. The filing states that 1902 Capital, LLC disclaims beneficial ownership of the securities reported, except to the extent of its pecuniary interest in them.
Are the Hyatt Hotels Class B shares in this filing directly or indirectly owned?
The 9,474,171 Class B Common Stock shares are shown as directly owned by 1902 Capital, LLC, with no indirect ownership nature described.