Family trust tied to Hyatt (NYSE: H) sells 39,000 Class B shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KLP 2006-N3 Family Trust, a reporting holder of Hyatt Hotels Corp Class B Common Stock, sold a total of 39,000 shares in open-market transactions on April 20, 2026. The sales occurred at weighted average prices of $172.54 and $173.06 per share across disclosed price ranges.
The trust continues to hold more than 900,000 shares of Class B Common Stock after these transactions, indicating it retained a substantial position. Each Class B share is convertible into one share of Class A Common Stock and generally converts automatically into Class A upon transfer, subject to permitted transfer exceptions in the company’s charter.
Positive
- None.
Negative
- None.
Insights
Family trust makes routine-sized open-market sale while keeping a large Hyatt stake.
The KLP 2006-N3 Family Trust sold 39,000 Class B Hyatt shares via two open-market transactions, at weighted average prices of $172.54 and $173.06. The filing classifies both as straight sales, without option exercises, gifts, or tax-related components.
Post-transaction, the trust still holds more than 900,000 Class B shares, so the sale represents only a small slice of its visible position. Footnotes explain that each Class B share is convertible into one Class A share and typically converts automatically upon transfer, which shapes how these insider holdings relate to the public Class A float.
Insider Trade Summary
Net Seller: 39,000 shares ($6,732,408)
Net Sell
2 txns
Insider
KLP 2006-N3 Family Trust
Role
null
Sold
39,000 shs ($6.73M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class B Common Stock | 32,862 | $172.5445 | $5.67M |
| Sale | Class B Common Stock | 6,138 | $173.0614 | $1.06M |
Holdings After Transaction:
Class B Common Stock — 926,206 shares (Direct, null)
Footnotes (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. Represents the weighted average sale price. The highest price at which these shares were sold was $172.99 and the lowest price at which these shares were sold was $172.00. The reporting person undertakes to provide to Hyatt Hotels Corporation, any security holder of Hyatt Hotels Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2) to this Form 4. Represents the weighted average sale price. The highest price at which these shares were sold was $173.20 and the lowest price at which these shares were sold was $173.00. The reporting person undertakes to provide to Hyatt Hotels Corporation, any security holder of Hyatt Hotels Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (3) to this Form 4.
Key Figures
Shares sold (total): 39,000 shares
Block 1 shares sold: 32,862 shares
Block 1 weighted average price: $172.5445 per share
+3 more
6 metrics
Shares sold (total)
39,000 shares
Open-market sales of Hyatt Class B Common Stock on April 20, 2026
Block 1 shares sold
32,862 shares
Class B Common Stock at weighted average price $172.5445
Block 1 weighted average price
$172.5445 per share
Within a $172.00–$172.99 trading range
Block 2 shares sold
6,138 shares
Class B Common Stock at weighted average price $173.0614
Block 2 weighted average price
$173.0614 per share
Within a $173.00–$173.20 trading range
Remaining Class B holdings
>900,000 shares
Trust’s position after reported transactions
Key Terms
Class B Common Stock, Class A Common Stock, weighted average sale price, Amended and Restated Certificate of Incorporation, +1 more
5 terms
Class B Common Stock financial
"KLP 2006-N3 Family Trust sold a total of 39,000 shares of Class B Common Stock"
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.
Class A Common Stock financial
"each share of Class B Common Stock is convertible into one share of Class A Common Stock"
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.
weighted average sale price financial
"Represents the weighted average sale price. The highest price at which these shares were sold"
Amended and Restated Certificate of Incorporation regulatory
"As provided in the Issuer's Amended and Restated Certificate of Incorporation, each share of Class B"
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
How large is KLP 2006-N3 Family Trust’s remaining Hyatt (H) position after the sales?
After the reported sales, KLP 2006-N3 Family Trust continues to hold more than 900,000 Hyatt Class B Common shares. This indicates the 39,000 shares sold represent only a small fraction of its overall disclosed holdings in the company.
Were these Hyatt (H) insider transactions part of options exercises or other derivatives?
No. The Form 4 classifies both transactions as open-market sales of Class B Common Stock, not option exercises or other derivative conversions. The derivative summary shows no remaining derivative positions reported in connection with these specific trades.