Hyatt Insider Conversion: 40,006 Class B to Class A Shares

Rhea-AI Filing Summary

Reporting person: R.A. G.C. Trust #1 DTP (c/o Maroon Private Trust Company, LLC). The filing discloses a transaction dated 08/13/2025 involving 40,006 shares of Class B Common Stock reported under transaction code G. Each Class B share converts into one share of Class A Common Stock under the issuer's charter, and the filing shows 40,006 underlying Class A shares with an associated price of $0. The ownership form is reported as Direct (D). Remarks state Maroon Private Trust Company, LLC serves as trustee with investment power, the beneficiary lacks investment power, and the reporting person may be part of a 10% owner group due to voting agreements and transfer limitations. The report is signed by Derek Arend, President of Trustee.

Insights

Corporate Governance Expert

TL;DR: Trustee converted 40,006 Class B shares into Class A shares; filing clarifies trustee control and group membership.

The Form 4 documents a conversion-style transaction (code G) on 08/13/2025 converting 40,006 Class B shares into 40,006 Class A shares at a reported price of $0. The filing explicitly states the trustee (Maroon Private Trust Company, LLC) holds investment power and the reporting person may be a member of a 10% owner group because of agreed voting and transfer limitations. The filing includes a standard disclaimer of beneficial ownership except for pecuniary interest. From a governance standpoint, the disclosure clarifies who has voting/investment authority and potential group alignment, which is relevant for control and voting dynamics.

Securities Analyst

TL;DR: Insider conversion of 40,006 shares recorded; transaction appears administrative rather than a cash purchase or sale.

The report shows a non-cash conversion (transaction code G) of 40,006 Class B shares into Class A shares, with the underlying Class A amount equal to the converted quantity and a price indicated as $0. The form is filed by a single reporting person and signed by the trustee president. The remarks detail trustee investment power and a possible 10% owner group membership. The filing contains no cash proceeds, exercised options, or additional derivative activity disclosed, limiting material market-impact implications from this single disclosure.

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^*

R.A. G.C. Trust #1 DTP

(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)
08/13/2025

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)	08/13/2025		G			40,006	(1)	(1)	Class A Common Stock	40,006	$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 beneficiary of the Reporting Person does 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	08/15/2025
	** 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.
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FAQ

What transaction did the Form 4 for Hyatt Hotels (H) report on 08/13/2025?

The Form 4 reports a transaction coded G on 08/13/2025 converting 40,006 Class B Common Stock into 40,006 Class A Common Stock at a reported price of $0.

Who is the reporting person on this Form 4 for Hyatt Hotels (H)?

The reporting person is R.A. G.C. Trust #1 DTP, with mailing address c/o Maroon Private Trust Company, LLC in Sioux Falls, SD.

Does the filing indicate who controls investment decisions for the shares?

Yes. The filing states Maroon Private Trust Company, LLC serves as trustee and has investment power over the shares; the beneficiary does not have investment power over the reported Class B shares.

Does the filing state the reporting person is part of a larger owner group?

Yes. The filing indicates the reporting person may be deemed a member of a 10% owner group due to agreed voting arrangements and transfer limitations.

Who signed the Form 4 and when?

The Form 4 was signed by /s/ Derek Arend, President of Trustee on 08/15/2025.