Hyatt Hotels (NYSE: H) trust reports 521,988 Class B share conversion

Rhea-AI Filing Summary

Hyatt Hotels Corp reported an insider transaction by a trust that is a member of a 10% owner group. On 01/01/2026, a derivative position in Class B Common Stock tied to 521,988 underlying shares of Class A Common Stock at an exercise price of $0 was updated, leaving 0 derivative securities directly owned after the transaction.

Under the company’s amended and restated certificate of incorporation, each share of Class B Common Stock is convertible at any time into one share of Class A Common Stock, and also converts automatically into Class A upon most transfers, except for certain permitted transfers. Maroon Private Trust Company, LLC serves as trustee and has investment power over the shares, while the beneficiaries do not; the reporting person disclaims beneficial ownership except to the extent of its pecuniary interest.

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^*

PDTB Tom Trust

(Last) (First) (Middle)

C/O MAROON PRIVATE TRUST COMPANY, LLC

350 SOUTH MAIN AVENUE, SUITE 401

(Street)

SIOUX FALLS, SD 57104

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Hyatt Hotels Corp [ H ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
01/01/2026

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

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 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

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
Class B Common Stock	(1)	01/01/2026		G			521,988	(1)	(1)	Class A Common Stock	521,988	$0	0	D

Explanation of Responses:

1. As provided in the Issuer's Amended and Restated Certificate of Incorporation, 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. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, whether or not for value, except for certain permitted transfers described in the Issuer's Amended and Restated Certificate of Incorporation.

Remarks:

Member of 10% owner group. Maroon Private Trust Company, LLC serves as trustee of the Reporting Person and has investment power over the shares beneficially owned by the Reporting Person. The beneficiaries of the Reporting Person do not have investment power over the shares of Class B Common Stock held by the Reporting Person. In addition, the Reporting Person may be deemed to be a member of a group because the Reporting Person has agreed to certain voting agreements and limitations on transfers of shares of Class A Common Stock and Class B Common Stock. The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein.

	/s/ Derek Arend, President of Trustee	01/02/2026
	** 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.

FAQ

What insider transaction did Hyatt Hotels (H) disclose in this Form 4?

The filing discloses a transaction dated 01/01/2026 involving a derivative position in Class B Common Stock linked to 521,988 underlying shares of Class A Common Stock at an exercise price of $0, after which 0 derivative securities were directly owned.

Who is the reporting person in this Hyatt Hotels (H) insider filing?

The reporting person is a trust for which Maroon Private Trust Company, LLC serves as trustee. The trust is identified in the remarks as a member of a 10% owner group of Hyatt Hotels Corp.

What is the relationship of the reporting person to Hyatt Hotels Corp (H)?

The reporting person is classified as an Other related party and is noted in the remarks as a member of a 10% owner group, indicating significant beneficial ownership.

How are Hyatt Hotels (H) Class B and Class A Common Stock related in this filing?

The filing explains that 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, and also converts automatically into one share of Class A Common Stock upon most transfers, except certain permitted transfers.

Who has investment power over the Hyatt Hotels (H) shares held by the reporting person?

Maroon Private Trust Company, LLC has investment power over the shares beneficially owned by the reporting person. The beneficiaries of the reporting person do not have investment power over the shares of Class B Common Stock held by the reporting person.

What does the reporting person state about its beneficial ownership in Hyatt Hotels (H)?

The reporting person states that it disclaims beneficial ownership of the securities reported, except to the extent of its pecuniary interest in them.