NPDT Benjamin Trust Files Form 4 for 60,736 Hyatt Shares Transfer

Rhea-AI Filing Summary

NPDT Benjamin Trust, through Maroon Private Trust Company, LLC as trustee, reported a Section 16 Form 4 disclosing a transaction in Hyatt Hotels Corp (H). The earliest transaction date reported is 08/13/2025. The form shows a Transaction Code G involving 60,736 shares of Class B Common Stock that correspond to 60,736 shares of Class A Common Stock at a conversion price of $0. Following the reported transaction the filing lists 0 shares beneficially owned by the reporting person (direct ownership). The filing includes a company note that each Class B share is convertible into one Class A share and converts automatically on most transfers. Remarks state Maroon Private Trust Company, LLC has investment power as trustee and the reporting person may be part of a 10% owner group; the reporting person disclaims beneficial ownership except to the extent of pecuniary interest.

Positive

• Disclosure of transfer/conversion: The filing clearly reports the transfer of 60,736 Class B shares with corresponding Class A shares.
• Trustee and control clarified: The filing states Maroon Private Trust Company, LLC has investment power as trustee, clarifying who controls the shares.
• Conversion mechanics provided: The form includes the issuer's conversion rule that each Class B share converts into one Class A share, improving transparency.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine insider disclosure of a transfer/conversion of Class B into Class A shares; governance notes clarify trustee control and group membership.

The Form 4 reports a Transaction Code G for 60,736 Class B shares on 08/13/2025, with underlying Class A shares noted and a $0 conversion price. The filing includes the issuer's conversion mechanics and clarifies that Maroon Private Trust Company, LLC serves as trustee with investment power while the reporting person disclaims ownership except for pecuniary interest. The statement about potential group membership and voting agreements is material to governance because it signals coordination on voting and transfer limits, but the filing itself reflects a single, non-economic transfer event rather than an operational or financial change for the issuer.

Securities Analyst

TL;DR: Transaction disclosed is a gift/transfer of 60,736 Class B shares converting to Class A equivalence; no remaining direct beneficial ownership reported.

The reported transaction (Code G) shows 60,736 Class B shares with 60,736 Class A shares underlying at a $0 price and lists 0 shares owned following the transaction (direct). This is a disclosure of insider movement of equity rather than an earnings or balance-sheet event. The trustee relationship and the 10% owner group disclosure are relevant to investors assessing potential voting blocs, but the Form 4 does not report any cash proceeds or change in company financials.

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

OMB Number:			3235-0287
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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 Benjamin 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.
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FAQ

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

The Form 4 reports a Transaction Code G on 08/13/2025 involving 60,736 Class B Common Stock (with 60,736 Class A shares underlying) at a $0 conversion/transfer price.

How many Hyatt (H) shares does the reporting person own after the transaction?

The filing lists 0 shares beneficially owned following the reported transaction (direct ownership).

Who controls the shares reported by NPDT Benjamin Trust?

Maroon Private Trust Company, LLC serves as trustee and has investment power over the shares; the reporting person disclaims beneficial ownership except for pecuniary interest.

What does Transaction Code G mean in this filing?

The form shows Transaction Code G associated with the 60,736-share transfer; the filing itself identifies the entry as a transfer/gift event but does not provide additional economic terms beyond the $0 price shown.

Does the Form 4 indicate any change to Hyatt's financials or operations?

No. The filing discloses an insider transfer of shares and governance details; it does not report revenue, earnings, or operational changes.