Insider Filing: Bly Trust Reports 2,162 Hyatt Class B Shares via Trustee

Rhea-AI Filing Summary

Bly Trust (OR #38) reported a Section 16 transaction for Hyatt Hotels Corp (H). The Form 4, signed by Derek Arend on behalf of the trustee, shows a transaction dated 08/13/2025 with transaction code G and an amount of 2,162 shares of Class B Common Stock. The filing lists a $0 price and indicates the shares are held directly. The form explains that each Class B share is convertible into one share of Class A Common Stock and notes that Maroon Private Trust Company, LLC serves as trustee with investment power; the beneficiary does not have investment power. The reporting person may be part of a 10% owner group and disclaims beneficial ownership except to the extent of pecuniary interest.

Positive

• Clear disclosure of trustee (Maroon Private Trust Company, LLC) and the reporting signatory, aiding compliance transparency.
• Specific transaction details provided: date (08/13/2025), transaction code (G), and exact share amount (2,162), which helps ownership tracking.
• Conversion mechanics of Class B to Class A are explicitly explained, clarifying the share class relationship for investors.

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Trustee-reported gift-style transaction of 2,162 Class B shares with clear trustee authority and group disclosure.

The filing documents a transfer-coded transaction (code G) for 2,162 Class B Common Stock shares. The report clarifies trustee control by Maroon Private Trust Company, LLC and explicitly states the beneficiary lacks investment power, which helps delineate voting and investment authority. The disclosure of possible group membership and the disclaimer of beneficial ownership are important for ownership tracking and Section 16 compliance, reducing ambiguity about who holds voting or dispositive power.

Securities Analyst

TL;DR: Small, non-market-priced transaction reported; limited direct market impact but relevant for ownership records.

The data shows a non-priced transaction ($0) of 2,162 Class B shares using code G, typically indicating a gift or similar transfer. The explanatory note reiterates conversion mechanics from Class B to Class A, which is administrative rather than operational. For investors, the filing primarily updates insider ownership and group affiliations; it does not disclose market sales, option exercises, or cash proceeds.

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^*

Bly Trust (OR #38) BTP

(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			2,162	(1)	(1)	Class A Common Stock	2,162	$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 Bly Trust report on the Hyatt (H) Form 4?

The Form 4 reports a transaction dated 08/13/2025 with transaction code G involving 2,162 shares of Class B Common Stock.

Was there any cash consideration reported in the transaction?

No. The filing lists a price of $0, indicating no cash proceeds were reported for this transaction.

Who holds investment power over the shares reported by Bly Trust?

Maroon Private Trust Company, LLC serves as trustee and has investment power; the filing states the beneficiary does not have investment power.

Does the filing indicate potential group ownership affecting Hyatt (H)?

Yes. The reporting person states it may be deemed a member of a group due to agreed voting arrangements and transfer limitations, and notes membership in a 10% owner group.

Can Class B shares become Class A shares according to the filing?

Yes. The filing explains each Class B Common Stock share is convertible into one Class A Common Stock share at the holder's option and may convert automatically on most transfers.