Hyatt (H) trust converts Class B to Class A, sells 35,573 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
JNP Parachute Mirror Trust K, a reporting holder of Hyatt Hotels Corp, reported an exercise-and-sell transaction involving the company’s dual‑class shares. On April 17, 2026, the trust converted 35,573 shares of Class B Common Stock into the same number of Class A shares, then sold those 35,573 Class A shares in open‑market transactions at $167.75 per share. After these transactions, the trust reported 0 Class A shares directly held and 142,292 Class B shares remaining, with each Class B share convertible into one Class A share under the company’s Amended and Restated Certificate of Incorporation.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 35,573 shares ($5,967,371)
Net Sell
3 txns
Insider
JNP Parachute Mirror Trust K
Role
null
Sold
35,573 shs ($5.97M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock | 35,573 | $0.00 | -- |
| Conversion | Class A Common Stock | 35,573 | $0.00 | -- |
| Sale | Class A Common Stock | 35,573 | $167.75 | $5.97M |
Holdings After Transaction:
Class B Common Stock — 142,292 shares (Direct, null);
Class A Common Stock — 35,573 shares (Direct, null)
Footnotes (1)
- In accordance with the Issuer's Amended and Restated Certificate of Incorporation, the shares of Class B Common Stock reported by the Reporting Person on Table II of this Form 4 automatically converted into shares of Class A Common Stock in connection with the sale reported by the Reporting Person in Table I of this Form 4. 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.
Key Figures
Shares sold: 35,573 shares
Sale price: $167.75 per share
Shares converted: 35,573 shares
+2 more
5 metrics
Shares sold
35,573 shares
Class A Common Stock sold on April 17, 2026
Sale price
$167.75 per share
Open-market sales of Class A Common Stock
Shares converted
35,573 shares
Class B converted into Class A on April 17, 2026
Class A holdings after
0 shares
Class A Common Stock directly held post-transaction
Class B holdings after
142,292 shares
Class B Common Stock directly held post-transaction
Key Terms
Class A Common Stock, Class B Common Stock, derivative conversion, Amended and Restated Certificate of Incorporation, +1 more
5 terms
Class A Common Stock financial
"shares of Class A Common Stock in open-market transactions at $167.75 per share"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Class B Common Stock financial
"shares of Class B Common Stock reported by the Reporting Person on Table II"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
derivative conversion financial
"transaction_action": "derivative conversion""
Amended and Restated Certificate of Incorporation regulatory
"In accordance with the Issuer's Amended and Restated Certificate of Incorporation"
A company’s amended and restated certificate of incorporation is an updated version of its foundational legal charter that replaces the older document and folds in all changes into one clear copy; it spells out corporate structure, classes of stock, shareholder rights and key governance rules. Investors care because it can change who controls the company, how votes are counted, what claims shareholders have on assets or dividends, and can introduce or remove protections against takeovers—like updating a house title after a major renovation to show who owns what and under what rules.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What did JNP Parachute Mirror Trust K do in this Hyatt (H) Form 4 filing?
JNP Parachute Mirror Trust K converted 35,573 Hyatt Class B shares into 35,573 Class A shares, then sold all 35,573 Class A shares in open-market transactions on April 17, 2026 at $167.75 per share.