Insider Filing: Hyatt Reports 9,210-Share Class B Transaction at $0

Rhea-AI Filing Summary

Hyatt Hotels Corp (H) Form 4 filing shows a reporting person identified as R.A. G.C. Trust #1 JNP, with Maroon Private Trust Company, LLC serving as trustee. The filing discloses a transaction dated 08/13/2025 coded G involving 9,210 shares. The form indicates these are Class B common shares with 9,210 underlying Class A common shares reported at a price of $0. The report lists the ownership form as Direct (D) and shows 0 shares beneficially owned following the reported transaction. Remarks state the trustee has investment power, the beneficiary lacks investment power, the reporting person may be part of a 10% owner group, and the reporting person disclaims beneficial ownership except to the extent of pecuniary interest.

Positive

• Transaction disclosed publicly under SEC rules, improving transparency for investors
• Trustee investment power is stated clearly, clarifying who controls voting and investment decisions

Negative

• Reporting person may be a member of a 10% owner group, indicating concentrated ownership which can affect governance
• Form shows 0 shares beneficially owned following the transaction, which may limit the reporting person\'s direct economic stake as disclosed

Insights

Financial Analyst

TL;DR: A non-cash transfer of 9,210 shares was reported; trustee controls investment power and the filer disclaims broader beneficial ownership.

The Form 4 records a transaction dated 08/13/2025 coded G, which typically denotes a gift or similar non-sale transfer, for 9,210 Class B shares with 9,210 underlying Class A shares at a reported price of $0. The filing clarifies that Maroon Private Trust Company, LLC serves as trustee and holds investment power over the shares, while the trust beneficiary lacks investment power. The filer also notes potential membership in a 10% owner group and disclaims beneficial ownership except for pecuniary interest. For investors, this is a disclosure of insider movement and ownership structure rather than an operational or earnings development.

Corporate Governance Expert

TL;DR: Governance notes emphasize trustee investment control and group voting/transfer agreements, with limited claimed beneficial ownership.

The remarks highlight governance-related details: a trustee holds investment authority, the reporting person may be in a 10% owner group due to voting agreements and transfer limitations, and the reporting person expressly disclaims beneficial ownership beyond pecuniary interest. These disclosures clarify who exercises voting and investment control, which matters for shareholder voting dynamics and related-party transfer constraints, but they do not, by themselves, indicate a change to corporate control or operational strategy.

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^*

R.A. G.C. Trust #1 JNP

(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			9,210	(1)	(1)	Class A Common Stock	9,210	$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 the Form 4 for Hyatt Hotels (H) report on 08/13/2025?

The Form 4 reports a transaction dated 08/13/2025 coded G for 9,210 Class B common shares with 9,210 underlying Class A shares at a reported price of $0.

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

The reporting person is listed as R.A. G.C. Trust #1 JNP with Maroon Private Trust Company, LLC serving as trustee and having investment power.

Does the filing indicate beneficial ownership after the transaction?

The filing shows 0 shares beneficially owned following the reported transaction and states the reporting person disclaims beneficial ownership except to the extent of pecuniary interest.

What does transaction code G mean in this filing?

The filing uses transaction code G for the 9,210-share transaction and reports a price of $0; the form itself does not define code meanings beyond showing the code used.

Does the Form 4 note any group affiliations or voting agreements?

Yes, the remarks state the reporting person may be deemed a member of a group due to agreed voting arrangements and limitations on transfers of Class A and Class B shares.