NPDT Jason Trust Files Form 4 Reporting 60,736 Class B Shares in Hyatt (H)

Rhea-AI Filing Summary

The filing reports that NPDT Jason Trust, represented by Maroon Private Trust Company, LLC as trustee, reported a transaction in Hyatt Hotels Corp (H). On 08/13/2025 the trust acquired or was recorded as holding 60,736 shares of Class B Common Stock, which are convertible into Class A Common Stock on a one-for-one basis under the issuer's charter. Following the reported transaction the trust beneficially owns 60,736 shares of Class A Common Stock for reporting purposes. The form discloses that Maroon Private Trust Company, LLC has investment power as trustee and that the reporting person may be part of a 10% owner group; the reporting person disclaims beneficial ownership except to the extent of its pecuniary interest.

Positive

• Clear disclosure of the number of shares: 60,736 Class B Common Stock reported
• Conversion feature explicitly stated: each Class B converts into one share of Class A Common Stock
• Trustee investment power is disclosed (Maroon Private Trust Company, LLC serves as trustee)

Negative

• None.

Insights

Securities Analyst

TL;DR: Trustee-reported holding of 60,736 convertible Class B shares, disclosed as potentially part of a 10% owner group.

The Form 4 documents a non-derivative recordation of 60,736 shares of Class B Common Stock by NPDT Jason Trust, dated 08/13/2025. The filing explicitly states Class B shares convert one-for-one into Class A shares and that Maroon Private Trust Company, LLC serves as trustee with investment power. The report also notes group membership and a disclaimer limiting claimed beneficial ownership to pecuniary interest. The disclosure is procedural and identifies ownership and control relationships without providing pricing, transfer consideration details, or changes to reported percentage ownership.

Corporate Governance Expert

TL;DR: Formal disclosure of trust-held convertible shares and trustee investment authority; notes potential 10% owner group status.

The filing clarifies the legal form of the position: Class B Common Stock held by NPDT Jason Trust converts into Class A on a one-for-one basis per the issuer's charter. It explicitly states Maroon Private Trust Company, LLC is trustee with investment power, and includes standard disclaimers about beneficial ownership and group membership. The disclosure is consistent with Section 16 reporting obligations and focuses on ownership structure rather than transactional economics.

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^*

NPDT Jason Trust

(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			60,736	(1)	(1)	Class A Common Stock	60,736	$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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did NPDT Jason Trust report on Form 4 for Hyatt Hotels Corp (H)?

The trust reported a non-derivative holding of 60,736 shares of Class B Common Stock with a transaction date of 08/13/2025.

How do the reported Class B shares relate to Class A shares?

The filing states each share of Class B Common Stock is convertible at any time into one share of Class A Common Stock on a one-for-one basis.

Who has investment power over the reported shares?

The filing discloses that Maroon Private Trust Company, LLC serves as trustee of the reporting person and has investment power over the shares.

Does the reporting person claim beneficial ownership of the shares?

The reporting person disclaims beneficial ownership except to the extent of its pecuniary interest and notes possible membership in a 10% owner group.

When was the Form 4 signed and filed?

The signature block shows the form was signed by Derek Arend, President of Trustee on 08/15/2025.