Hyatt Hotels (NYSE: H) insider reports change in Class B stake

Rhea-AI Filing Summary

Hyatt Hotels Corp reported an insider ownership update involving Class B and Class A common stock. On 01/01/2026, a derivative position tied to 11,338,027 shares of Class A common stock, referenced as underlying Class B common stock, was reported with a price of $0, and the number of derivative securities beneficially owned after the transaction was listed as 0 and held indirectly.

The filing explains that each share of Class B common stock is convertible into one share of Class A common stock and may also convert automatically upon transfer, subject to certain permitted transfers. The shares were held of record by THHC, L.L.C., where the reporting person was the controlling member until January 1, 2026, and therefore may have been deemed to beneficially own those shares. The reporting person and the 10% owner group disclaim beneficial ownership except to the extent of any 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

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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^*

T11 HHC, LLC

(Last) (First) (Middle)

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	X	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			11,338,027	(1)	(1)	Class A Common Stock	11,338,027	$0	0	I	See Footnote(2)

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.

2. Represents shares of Class B Common Stock held of record by THHC, L.L.C. The Reporting Person was the controlling member of THHC, L.L.C. until January 1, 2026, and in such capacity may have been deemed to beneficially own the shares held by THHC, L.L.C. The Reporting Person disclaims beneficial ownership of the shares of Class B Common Stock held by THHC, L.L.C., except to the extent of its proportionate pecuniary interest therein, if any.

Remarks:

Member of 10% owner group. 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	01/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider activity did Hyatt Hotels Corp (H) report in this Form 4?

The filing reports a transaction on 01/01/2026 involving derivative securities linked to 11,338,027 shares of Class A common stock underlying Class B common stock, after which 0 derivative securities were shown as beneficially owned indirectly.

How are Hyatt Hotels Corp (H) Class B shares treated relative to Class A shares?

The document states 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 will also convert automatically into one share of Class A upon most transfers, except for certain permitted transfers described in the company’s Amended and Restated Certificate of Incorporation.

Who held the Hyatt Hotels Corp (H) Class B shares referenced in the filing?

The filing indicates that the Class B shares were held of record by THHC, L.L.C.. The reporting person was the controlling member of THHC, L.L.C. until January 1, 2026, and in that capacity may have been deemed to beneficially own the shares held by THHC, L.L.C.

Does the reporting person claim full beneficial ownership of these Hyatt (H) shares?

No. The filing states that the reporting person disclaims beneficial ownership of the Class B common stock held by THHC, L.L.C., and of the securities reported, except to the extent of its proportionate pecuniary interest, if any.

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

The reporting person is identified as a director and part of a 10% owner group, with the remarks explaining that group status may arise from voting agreements and limitations on transfers of Class A and Class B common stock.

What transaction code was used in this Hyatt Hotels (H) insider report?

The derivative transaction in Table II is identified with transaction code G on 01/01/2026, with a reported price of $0 and 0 derivative securities beneficially owned afterward, held indirectly.