DTP Washington Trust Reports 7,455-Share Class Conversion for Hyatt H

Rhea-AI Filing Summary

Insider transaction for Hyatt Hotels Corp (H): On 08/13/2025, DTP Washington Trust (c/o Maroon Private Trust Company, LLC) reported a transaction involving 7,455 shares related to the company's dual-class structure. The filing shows a Transaction Code G and records 7,455 Class A Common Stock with a price of $0 and an ownership form marked as Direct (D).

The filing includes an explanation that each share of Class B Common Stock converts into one share of Class A Common Stock under the issuer's charter, and it notes the Reporting Person is a member of a 10% owner group with Maroon Private Trust Company acting as trustee and having investment power. The Reporting Person disclaims beneficial ownership except to the extent of its pecuniary interest.

Insights

Corporate Governance Expert

TL;DR: Routine conversion within a dual-class structure reported by a trustee; no new cash consideration or change in disclosed pecuniary interest.

The report documents a conversion-related entry of 7,455 shares on 08/13/2025 under Transaction Code G and a $0 price, consistent with an in‑charter conversion of Class B to Class A common stock. The filing identifies Maroon Private Trust Company as trustee with investment power and clarifies group membership and a disclaimer of beneficial ownership beyond pecuniary interest. This is procedural and reflects ownership/administrative mechanics rather than a market purchase or sale.

Securities Analyst

TL;DR: Non-economic conversion recorded; no immediate dilution or cash proceeds recorded in the Form 4.

The Form 4 shows 7,455 shares reported as Class A Common Stock at a $0 price, indicating conversion rather than a market transaction. The filing lists direct ownership form and flags the Reporting Person as part of a 10% owner group. The remarks and conversion provision are explicitly provided, offering clear disclosure of why shares changed form. From a reporting standpoint this is informational and not a liquidity or financing event.

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^*

DTP Washington 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			7,455	(1)	(1)	Class A Common Stock	7,455	$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.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What transaction did Hyatt Hotels Corp (H) report on 08/13/2025?

The Form 4 reports a Transaction Code G on 08/13/2025 resulting in 7,455 shares reported as Class A Common Stock at a price of $0.

Who is the reporting person on this Form 4 for H?

The reporting person is DTP Washington Trust, c/o Maroon Private Trust Company, LLC, located in Sioux Falls, SD.

Why were Class B shares converted to Class A for Hyatt (H)?

The filing states the issuer's amended charter allows each Class B share to be converted into one Class A share at the holder's option and mandates conversion on transfers except for permitted transfers.

Does the reporting person claim beneficial ownership of the shares for H?

The Reporting Person disclaims beneficial ownership except to the extent of its pecuniary interest and notes Maroon Private Trust Company serves as trustee with investment power.

Is the reporting person part of any owner group for Hyatt (H)?

Yes, the filing states the Reporting Person is a member of a 10% owner group and has agreed to certain voting agreements and transfer limitations.