Insider Filing: A.N.P. Trust #18 Reports 359,671-Share Transaction in Hyatt

Rhea-AI Filing Summary

Reporting person: A.N.P. Trust #18 (c/o Maroon Private Trust Company, LLC) filed a Form 4 reporting a transaction in Hyatt Hotels Corp (H). Transaction: On 08/13/2025 the filing reports 359,671 shares of Class B Common Stock and a corresponding 359,671 shares of Class A Common Stock with a reported price of $0. The table lists the transaction code as G and indicates 0 Class A shares held following the reported transaction in a direct capacity. The filing includes an explanatory note that Class B shares are convertible into Class A shares at the holder's option and convert automatically on most transfers. Remarks state Maroon Private Trust Company acts as trustee with investment power and the reporting person may be part of a 10% owner group under certain voting agreements. The form is signed by Derek Arend, President of Trustee.

Positive

• Clear disclosure of trustee investment power and the reporting person's membership in a 10% owner group, improving transparency
• Specific transaction detail provided: 359,671 shares recorded with date 08/13/2025 and price reported as $0

Negative

• None.

Insights

Securities Analyst

TL;DR Routine insider filing shows conversion/transfer of 359,671 Class B shares into Class A shares under trustee control.

The Form 4 documents a non-cash transaction affecting 359,671 shares on 08/13/2025. The filing clarifies corporate capital structure mechanics by noting Class B shares convert into Class A shares and records trustee control and limited beneficiary powers. This filing appears procedural and discloses ownership relationships and voting/transfer agreements that could affect shareholder group dynamics, but no cash proceeds or option exercise are reported.

Corporate Governance Expert

TL;DR Disclosure emphasizes trustee investment power and group affiliation; transaction reflects conversion/transfer mechanics, not a market sale.

The remarks specify Maroon Private Trust Company, LLC serves as trustee with investment power and the reporting person disclaims beneficial ownership except for pecuniary interest. The note about automatic conversion on transfer and voting agreements is important governance disclosure for understanding potential control links among holders. The filing provides transparency on ownership form and transfer limitations but does not indicate a change in corporate control or a cash transaction.

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^*

A.N.P. TRUST #18 THOMAS 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			359,671	(1)	(1)	Class A Common Stock	359,671	$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 (H) report?

The Form 4 reports a transaction on 08/13/2025 involving 359,671 Class B Common Stock and 359,671 Class A Common Stock, with a reported price of $0.

Who filed the Form 4 for Hyatt (H)?

The filing was made by A.N.P. Trust #18, c/o Maroon Private Trust Company, LLC, signed by Derek Arend, President of Trustee.

Does the filing explain the relationship between Class B and Class A shares?

Yes. The filing states each Class B share is convertible into one Class A share at the holder's option and converts automatically on most transfers.

Who controls investment decisions for the shares reported?

Maroon Private Trust Company, LLC serves as trustee and has investment power over the shares beneficially owned by the reporting person; the beneficiary does not have investment power over these shares.

Does the Form 4 indicate any cash proceeds from the transaction?

No. The reported price is $0, and the filing does not disclose any cash proceeds.