Insider Form 4: Don G.C. Trust Reports 33,823-Share Gift in Hyatt

Rhea-AI Filing Summary

Don G.C. Trust #1 BTP, for which Maroon Private Trust Company, LLC serves as trustee, reported a Form 4 disclosing a transaction in Hyatt Hotels Corp (H). On 08/13/2025 the reporting person recorded a code G (gift) transaction involving 33,823 shares. The Form shows a price of $0 and indicates direct ownership following the transaction. The filing reiterates that each Class B share is convertible into one Class A share and will convert automatically on most transfers. The trustee states it has investment power over the shares and that the reporting person may be part of a 10% owner group under certain voting and transfer agreements.

Insights

Securities Analyst

TL;DR: A reported gift of 33,823 shares by a trust, disclosed under Form 4, appears to be a routine insider transfer with limited market impact.

The Form 4 documents a code G gift transaction dated 08/13/2025 for 33,823 shares at $0. The filing clarifies conversion rights between Class B and Class A shares and notes trustee investment power. From a trading-impact perspective, the disclosure ensures regulatory transparency but does not itself indicate a sale or income event. The specifics provided allow investors to track potential future conversion-related share supply but do not disclose counterparty or beneficiary details beyond the trustee relationship.

Corporate Governance Expert

TL;DR: The filing signals governance-related transfer mechanics and confirms trustee control, relevant for ownership and voting structure monitoring.

The report emphasizes that Class B shares convert into Class A shares and that the Reporting Person may be part of a 10% owner group due to voting agreements and transfer limits. Maroon Private Trust Company, LLC is identified as trustee with investment power, and the reporting person disclaims beneficial ownership except for pecuniary interest. These details are important for understanding who holds voting and investment authority, though the filing does not disclose broader changes to control or board composition.

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

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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^*

DON G.C. Trust #1 BTP

(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			33,823	(1)	(1)	Class A Common Stock	33,823	$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 Don G.C. Trust #1 BTP report on Form 4 for Hyatt (H)?

The Form 4 reports a code G (gift) transaction dated 08/13/2025 involving 33,823 shares at a price of $0.

Who holds investment power over the shares reported on this Form 4?

Maroon Private Trust Company, LLC serves as trustee and is stated to have investment power over the shares beneficially owned by the reporting person.

Do the reported shares have conversion rights between classes?

Yes. The filing states each Class B Common Stock share is convertible into one Class A Common Stock share and may convert automatically on most transfers.

Does the filing indicate a change in control or board membership at Hyatt (H)?

No. The Form 4 discloses an insider transfer and notes potential membership in a 10% owner group due to voting agreements, but it does not report any change in control or board composition.

Who signed the Form 4 and when was it signed?

The Form is signed by /s/ Derek Arend, President of Trustee and dated 08/15/2025.