Corrective Form 4: ECI Trust - Julia sold 17,000 Hyatt Shares at $92.4941

Rhea-AI Filing Summary

ECI Trust - Julia filed a Form 4 disclosing a sale of 17,000 shares executed on 02/08/2022 at a price of $92.4941 per share. The filing explains each Class B share is convertible into one share of Class A common stock. The report corrects an earlier oversight: the sale was one of four proximate transactions and was not timely reported; the filing is corrective. It states that, as of 02/08/2022, beneficial ownership would have been 267,657 Class B shares but the reporting person currently holds 12,767 Class B shares. The reporter may be considered part of a 10% owner group due to voting agreements and transfer limitations.

Positive

• Corrective disclosure was filed to report the previously unreported transaction, improving transparency.
• Specific transaction details are provided: 17,000 shares sold at $92.4941, enabling precise auditability of the trade.

Negative

• Untimely filing: the sale occurred on 02/08/2022 but the corrective Form 4 was not signed until 08/22/2025, indicating a reporting control lapse.
• Substantial reduction in holdings: beneficial ownership declined from 267,657 Class B shares (as of the transaction) to 12,767 as of the filing date, which is a material change in stake.

Insights

Securities Compliance Analyst

TL;DR: Late corrective Form 4 reveals a material reduction in holdings and highlights a compliance lapse requiring remediation.

The filing corrects a missed Form 4 for a sale on 02/08/2022 of 17,000 shares at $92.4941. The admission that the sale was one of four proximate transactions and that this specific filing was overlooked indicates a procedural breakdown in insider reporting controls. The statement that the reporter "may be deemed" part of a 10% owner group is notable for disclosure obligations because 10% status changes applicable reporting and trading restrictions. The filing is signed on 08/22/2025, showing a substantial delay between the transaction and correction.

Equity Securities Analyst

TL;DR: Insider sale of 17,000 shares at ~$92.49 is a routine liquidity event that reduces the reporter's stake materially.

The disclosed sale at $92.4941 per share reduces the reporting person’s Class B holdings from an indicated 267,657 (as of the transaction date) to 12,767 shares as of the filing date. The conversion mechanics—each Class B share converts one-for-one into Class A—mean economic exposure shifts between share classes rather than introducing derivative complexity. Absent other company disclosures in this Form 4, this item appears to be a private liquidity event rather than a corporate action affecting guidance or operations.

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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hours per response:			0.5

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^*

ECI Trust - Julia

(Last) (First) (Middle)

C/O 1953 PVT. FAMILY TRUST COMPANY LLC

255 BUFFALO WAY, P.O. BOX 1905

(Street)

JACKSON WY 83001

(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)
02/08/2022

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)	02/08/2022		S			17,000	(1)	(1)	Class A Common Stock	17,000	$92.4941	267,657(2)	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.

2. The Reporting Person is filing this Form 4 to report the sale of securities that occurred on February 8, 2022. This sale was one of four transactions executed in close proximity around that date. All other transactions were reported on a timely basis, but due to an oversight, this filing was not timely made. The Reporting Person is making this filing to correct the oversight. The number of derivative securities beneficially owned following this transaction, as of February 8, 2022, would have been 267,657 shares of Class B Common Stock. As of the date of this filing, the Reporting Person holds 12,767 shares of Class B Common Stock. Future filings by the Reporting Person will reflect this adjustment.

Remarks:

The Reporting Person may be deemed to be a member of a 10% owner 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 the pecuniary interest therein.

	/s/ Toni Burt	08/22/2025
	** 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 the Form 4 for Hyatt (H) report?

The Form 4 reports the sale of 17,000 shares executed on 02/08/2022 at a price of $92.4941 per share.

Why was this Form 4 filed late for Hyatt (H)?

The filing states the sale was one of four proximate transactions and this particular sale was not timely reported due to an oversight; this Form 4 is corrective.

How many shares does the reporting person now hold?

As of the date of the filing, the reporting person holds 12,767 shares of Class B common stock.

Does the filing indicate conversion rights between share classes?

Yes. The filing states each Class B share is convertible at any time into one share of Class A common stock and converts automatically on most transfers.

Is the reporting person part of a larger owner group?

The reporting person may be deemed a member of a 10% owner group because of agreed voting arrangements and transfer limitations.