Hyatt Hotels Corp (H) insider logs 11,338,027 Class B-linked move

Rhea-AI Filing Summary

Hyatt Hotels Corp insider reporting a 10% ownership status filed a Form 4 covering changes in derivative holdings tied to the company’s dual‑class structure. The filing shows a transaction dated 01/01/2026, coded “G,” involving 11,338,027 derivative securities related to Class B Common Stock that are convertible into the same number of Class A Common Stock shares at a one‑for‑one ratio.

After this transaction, the reporting person shows 0 derivative securities beneficially owned in this line, with ownership reported as indirect through entities referenced in the footnotes. The footnotes explain that the Class B shares are convertible into Class A at any time, and that the reported holdings were previously attributed through THHC, L.L.C. and T11 HHC, LLC, with beneficial ownership disclaimed except for any proportionate 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^*

F.L.P. Trust #11

(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	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., a member-managed Delaware limited liability company that was controlled by T11 HHC, LLC, a member-managed Delaware limited liability company, until January 1, 2026. The Reporting Person is the controlling member of T11 HHC, LLC, 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. 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.
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FAQ

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

The Form 4 reports a transaction dated 01/01/2026 coded “G” involving 11,338,027 derivative securities related to Class B Common Stock that are tied to the same number of Class A Common Stock shares.

How many Hyatt Hotels Class B-related derivative securities were involved?

The filing shows 11,338,027 derivative securities related to Class B Common Stock, with each linked to one share of Class A Common Stock.

What is the conversion right between Hyatt Hotels Class B and Class A shares?

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 Class A share upon most transfers, subject to certain permitted transfers.

What was the reported beneficial ownership after the Hyatt Hotels transaction?

Following the reported transaction, the filing lists 0 derivative securities beneficially owned in the reported line, with ownership described as indirect and further detailed in the footnotes.

How was indirect ownership of Hyatt Hotels shares structured for the reporting person?

The filing explains that the Class B shares were held of record by THHC, L.L.C., which was controlled by T11 HHC, LLC until January 1, 2026. The reporting person is the controlling member of T11 HHC, LLC and may have been deemed to beneficially own the shares held by THHC, L.L.C., while disclaiming beneficial ownership except for any proportionate pecuniary interest.

What role does Maroon Private Trust Company play in this Hyatt Hotels insider filing?

The remarks state that 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, while the beneficiaries do not have investment power over the Class B Common Stock held.

Why is the reporting person described as part of a 10% owner group at Hyatt Hotels Corp?

The remarks note that the reporting person is a member of a 10% owner group and may be deemed part of a group because of certain voting agreements and limitations on transfers of Class A and Class B Common Stock, while again disclaiming beneficial ownership except to the extent of its pecuniary interest.