Insider Form 4: Maroon Trustee Reports 37,029-Share Transfer at $0 for Hyatt (H)

Rhea-AI Filing Summary

Form 4 filed for Hyatt Hotels Corp (H) reports a transaction dated 08/13/2025 by DON G.C. Trust #1 DTP, represented by Maroon Private Trust Company, LLC as trustee. The filing shows a Code G transaction for 37,029 shares referenced as Class B Common Stock (convertible into Class A shares) and recorded as 37,029 Class A Common Stock at a $0 price. The form indicates 0 shares beneficially owned following the reported transaction. The explanation notes that Class B shares convert into Class A shares and describes the trustee's investment power and the reporting person's disclaimer of beneficial ownership except for pecuniary interest.

Positive

• Clear disclosure of trustee relationship and investment power by Maroon Private Trust Company, LLC
• Explicit explanation of Class B conversion mechanics into Class A shares provided in the filing

Negative

• Potential group membership and agreed voting/transfer limitations noted, which could affect control analysis
• Form shows 0 shares beneficially owned after transaction, limiting transparency about ongoing economic exposure beyond the pecuniary interest disclaimer

Insights

Financial Analyst

TL;DR Routine insider transfer recorded as Code G for 37,029 shares; no post-transaction beneficial ownership reported.

The filing documents a Code G transaction on 08/13/2025 involving 37,029 Class B shares convertible into Class A shares, recorded at $0, with 0 shares reported as beneficially owned after the transfer. This appears to be a non-sale transfer consistent with a gift or similar transfer mechanism. The trustee (Maroon Private Trust Company) holds investment power and the reporting trust disclaims beneficial ownership except to the extent of pecuniary interest, which is clearly disclosed.

Corporate Governance Expert

TL;DR Disclosure clarifies trustee control and group membership; filing is a standard Section 16 change-in-ownership report.

The Form 4 confirms the reporting entity is a trust with Maroon Private Trust Company serving as trustee and having investment power. The remarks disclose potential group membership and limitations on transfer and voting via agreements, which are relevant for governance and voting control analysis. The reporting person expressly disclaims beneficial ownership except for pecuniary interest, consistent with common trust filings.

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

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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^*

DON G.C. Trust #1 DTP

(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			37,029	(1)	(1)	Class A Common Stock	37,029	$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 DON G.C. Trust #1 DTP report on Form 4 for Hyatt Hotels (H)?

The Form 4 reports a Code G transaction dated 08/13/2025 involving 37,029 Class B Common Stock shares (convertible into Class A), recorded as 37,029 Class A Common Stock at $0.

Who has investment power over the shares reported in the Form 4?

Maroon Private Trust Company, LLC serves as trustee and has investment power over the shares beneficially owned by the reporting person, per the filing remarks.

Does the reporting person claim beneficial ownership of the reported securities?

The reporting person disclaims beneficial ownership of the securities except to the extent of its pecuniary interest, as stated in the remarks.

What does the filing say about Class B and Class A conversion?

The filing explains that each Class B share is convertible at the holder's option into one Class A share and will convert automatically upon most transfers into Class A, per the issuer's charter language provided.

Who signed the Form 4 and when was it signed?

The Form 4 is signed by /s/ Derek Arend, President of Trustee and dated 08/15/2025.