Insider Filing: Trustee Reports 359,670 Hyatt Class A Shares Conversion

Rhea-AI Filing Summary

The filing reports that A.N.P TRUST #18 THOMAS DTP (managed by Maroon Private Trust Company, LLC) reported a transaction for Hyatt Hotels Corp (H) dated 08/13/2025. The report shows 359,670 shares of Class A Common Stock reported as acquired (Code G) with a $0 price, following conversion from Class B Common Stock which is convertible into Class A on a one-for-one basis. The reporting person disclaims beneficial ownership except to the extent of pecuniary interest and notes trustee investment power and group relationships.

Positive

• 359,670 Class A shares were reported as acquired, increasing reported Class A holdings
• Conversion mechanics between Class B and Class A are explicitly documented, clarifying share class structure

Negative

• None.

Insights

Financial Analyst

TL;DR: An insider trust transaction converted Class B shares into 359,670 Class A shares, recorded as an acquisition at $0.

The Form 4 documents a non-derivative change where 359,670 shares of Class A Common Stock are reported as acquired on 08/13/2025. The filing includes an explanatory note that Class B shares convert one-for-one into Class A, and indicates Maroon Private Trust Company, LLC holds investment power as trustee. The transaction is presented as a trust-level movement with a disclaimer of broader beneficial ownership.

Corporate Governance Expert

TL;DR: Trustee action converted Class B into Class A; reporting person notes group voting agreements and limited pecuniary ownership.

The disclosure clarifies governance mechanics: Class B shares are convertible into Class A and convert automatically on transfers except certain permitted exceptions. The reporting person states potential group membership due to voting agreements and transfer limitations and disclaims beneficial ownership beyond pecuniary interest. This emphasizes structure and trustee investment control rather than a typical open-market trade.

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^*

A.N.P TRUST #18 THOMAS 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			359,670	(1)	(1)	Class A Common Stock	359,670	$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 an acquisition of 359,670 Class A Common Stock shares dated 08/13/2025.

Was any cash price paid for the shares reported on the Form 4?

No cash price is shown; the entry lists a price of $0, consistent with conversion from Class B to Class A.

Who filed the Form 4 and who holds investment power?

The reporting person is A.N.P TRUST #18 THOMAS DTP and Maroon Private Trust Company, LLC serves as trustee with investment power over the shares.

Does the reporting person claim direct beneficial ownership?

The reporting person disclaims beneficial ownership

How are Class B shares treated in relation to Class A shares?

Each Class B share is convertible at the holder's option into one Class A share and converts automatically on most transfers into one Class A share.