Pritzker group keeps control of Hyatt (NYSE: H) after large share sales

Rhea-AI Filing Summary

Pritzker-affiliated trusts updated their Hyatt Hotels ownership in an Amendment No. 10 to Schedule 13D after recent stock transactions. The filing details a January 2025 donation of 19,001 Class B shares that converted into Class A, a May 2025 block sale of 364,620 Class B shares at $132.75 per share for $48,403,305, and an April 2026 block sale of 291,696 Class B shares at $167.75 per share for $48,932,004, each automatically converting into Class A upon sale. As of March 23, 2026 (as adjusted), the reporting persons beneficially own 1,289,059 Class B shares, representing 1.4% of Hyatt’s total common stock and 2.3% of its total voting power. The broader Pritzker Family Group is reported to hold 50,560,412 Class B shares (and related Class A equivalents), representing 54.5% of common shares and 88.9% of voting power, maintaining effective control of Hyatt.

Insights

Equity ownership & governance analyst

Pritzker group discloses large Hyatt share sales but retains clear voting control.

The Amendment No. 10 shows Pritzker-related trusts executed sizeable block trades in Hyatt stock while updating detailed ownership data. A May 2025 sale of 364,620 Class B shares at $132.75 per share and an April 2026 sale of 291,696 Class B shares at $167.75 per share both converted into Class A under Hyatt’s dual-class structure.

After these moves, the reporting persons together hold 1,289,059 Class B shares, equal to 1.4% of common stock and 2.3% of total voting power as of March 23, 2026, as adjusted. More importantly, the wider Pritzker Family Group is disclosed as beneficially owning 50,560,412 Class B shares, equal to 95.7% of Class B and 88.9% of total voting power, keeping firm control.

The filing clarifies how Class B carries ten votes per share and converts 1-for-1 into Class A, and it maps roles of entities like Robin Road Trust Company LLC and TAWANI Enterprises, Inc. Future company filings may refine this picture as additional conversions or sales occur.

Key Figures

May 2025 block sale: 364,620 shares at $132.75/share April 2026 block sale: 291,696 shares at $167.75/share Reporting persons’ Class B holdings: 1,289,059 shares +5 more

8 metrics

May 2025 block sale 364,620 shares at $132.75/share Class B shares sold May 14, 2025; aggregate price $48,403,305

April 2026 block sale 291,696 shares at $167.75/share Class B shares sold April 17, 2026; aggregate price $48,932,004

Reporting persons’ Class B holdings 1,289,059 shares Represents 1.4% of Hyatt common stock as of March 23, 2026, as adjusted

Reporting persons’ voting power 2.3% of total votes Voting power in Hyatt common stock as of March 23, 2026, as adjusted

Pritzker Family Group Class B stake 50,560,412 shares Represents 95.7% of Class B outstanding, assuming no further conversions

Pritzker Family Group voting power 88.9% of total votes Total voting power in Hyatt common stock as of March 23, 2026, as adjusted

Common shares outstanding 94,139,969 shares Hyatt common stock outstanding as of March 23, 2026, as adjusted

Donation conversion 19,001 shares Class B shares donated January 30, 2025, converted 1-for-1 into Class A

Key Terms

Schedule 13D, Class B Common Stock, beneficial owners, block trade, +2 more

6 terms

Schedule 13D regulatory

"This Amendment No. 10 to ("Amendment No. 10") amends and supplements the originally filed by the Reporting Persons"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

Class B Common Stock financial

"Represents shares of the Issuer's Class A Common Stock issuable upon conversion of shares of the Issuer's Class B Common Stock."

A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.

beneficial owners financial

"the Reporting Persons in the aggregate may be deemed to be the beneficial owners of 1,289,059 shares of Class B Common Stock"

Beneficial owners are the people or entities that actually enjoy the economic benefits and control of shares or other assets, even when legal title is held by someone else such as a broker, custodian or trustee. Investors pay attention because beneficial owners hold the real voting power, receive dividends and can influence strategy and takeover outcomes — like the driver of a car who uses and maintains it while the bank holds the title — so disclosure shows who truly controls and benefits.

block trade financial

"sold an aggregate of 364,620 shares of Class B Common Stock in a block trade with a broker-dealer"

A block trade is a large, privately arranged sale or purchase of a company's shares or bonds between big investors, often negotiated to avoid upsetting the public market price. Think of it like selling a truckload of goods directly to one buyer instead of unloading it on a busy street — it moves a lot of supply at once and can signal shifting demand, affect immediate liquidity, and influence short-term stock prices.

voting power financial

"represents 1.4% of the total number of shares of Common Stock outstanding and 2.3% of the total voting power of the shares of Common Stock outstanding"

Voting power is the ability shareholders have to influence a company's major decisions—like electing the board, approving mergers, or changing corporate rules—based on the voting rights attached to the shares they hold. For investors it matters because greater voting power is like holding more keys to a building: it gives you a stronger say over management choices and the company’s strategy, which can affect future value and risk.

dual-class structure financial

"each holder of Class A Common Stock is entitled to one vote per share and each holder of Class B Common Stock is entitled to ten votes per share."

A dual-class structure is a way companies organize their ownership by creating two types of shares: one that gives shareholders more voting power and another with less or no voting rights. This approach allows certain shareholders, often company founders or insiders, to maintain control even if they own a smaller portion of the total shares. For investors, it matters because it can influence how much influence they have over company decisions and how the company's leadership is held accountable.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 10)

Hyatt Hotels Corporation

(Name of Issuer)

Class A Common Stock, $0.01 par value per share

(Title of Class of Securities)

448579102

(CUSIP Number)

C. Birkeland & A. Berlin
Latham & Watkins LLP, 330 N. Wabash Avenue, Suite 2800
Chicago, IL, 60611
312-876-7700

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

04/17/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 448579102

1

Name of reporting person

Robin Road Trust Company LLC, as trustee of Robin Road Trust and the trusts listed on Appendix 1 of Exhibit 99.1

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,166,782.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,166,782.00

11

Aggregate amount beneficially owned by each reporting person

1,166,782.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

1.2 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Represents shares of the Issuer's Class A Common Stock, $0.01 par value per share (the "Class A Common Stock"), issuable upon conversion of shares of the Issuer's Class B Common Stock, $0.01 par value per share (the "Class B Common Stock" and, together with the Class A Common Stock, the "Common Stock"). As provided in the Issuer's Amended and Restated Certificate of Incorporation (the "Charter"), 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. The Reporting Person is party to certain agreements with the Separately Filing Group Members (as defined in the Schedule 13D), which agreements contain, among other things, certain voting agreements and limitations on the sale of their shares of Common Stock. As a result, the Reporting Person may be deemed to be a member of a "group," within the meaning of Section 13(d)(3) of the Act (as defined in the Schedule 13D), comprised of the Reporting Person and the Separately Filing Group Members. Shares listed as beneficially owned by the Reporting Person exclude shares held by any other Reporting Person or by any of the Separately Filing Group Members, in each case as to which the Reporting Person disclaims beneficial ownership. All references to the number of shares outstanding are as of March 23, 2026, as reported in the Issuer's Definitive Proxy Statement on Schedule 14A, filed with the SEC on April 2, 2026, as adjusted to account for (i) the conversion of an aggregate 8,970 shares of Class B Common Stock into 8,970 shares of Class A Common Stock in connection with sales by a certain Separately Filing Group Member on April 16, 2026 and (ii) the conversion of an aggregate 291,696 shares of Class B Common Stock into 291,696 shares of Class A Common Stock in connection with sales by the Reporting Persons on April 17, 2026. The percentage is calculated using the total number of shares of Common Stock beneficially owned by the Reporting Person and based on 94,139,969 shares of Common Stock outstanding as of March 23, 2026, as adjusted.

SCHEDULE 13D

CUSIP Number(s): 448579102

1

Name of reporting person

TAWANI Enterprises, Inc.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,166,782.00

11

Aggregate amount beneficially owned by each reporting person

1,166,782.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

1.2 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Represents shares of the Issuer's Class A Common Stock issuable upon conversion of shares of the Issuer's Class B Common Stock. As provided in the Charter, 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. The Reporting Person is party to certain agreements with the Separately Filing Group Members, which agreements contain, among other things, certain voting agreements and limitations on the sale of their shares of Common Stock. As a result, the Reporting Person may be deemed to be a member of a "group," within the meaning of Section 13(d)(3) of the Act, comprised of the Reporting Person and the Separately Filing Group Members. Shares listed as beneficially owned by the Reporting Person exclude shares held by any other Reporting Person or by any of the Separately Filing Group Members, in each case as to which the Reporting Person disclaims beneficial ownership. All references to the number of shares outstanding are as of March 23, 2026, as reported in the Issuer's Definitive Proxy Statement on Schedule 14A, filed with the SEC on April 2, 2026, as adjusted to account for (i) the conversion of an aggregate 8,970 shares of Class B Common Stock into 8,970 shares of Class A Common Stock in connection with sales by a certain Separately Filing Group Member on April 16, 2026 and (ii) the conversion of an aggregate 291,696 shares of Class B Common Stock into 291,696 shares of Class A Common Stock in connection with sales by the Reporting Persons on April 17, 2026. The percentage is calculated using the total number of shares of Common Stock beneficially owned by the Reporting Person and based on 94,139,969 shares of Common Stock outstanding as of March 23, 2026, as adjusted.

SCHEDULE 13D

CUSIP Number(s): 448579102

1

Name of reporting person

Jennifer N. Pritzker, not individually, but as Chairwoman of and trustee of the sole stockholder of TAWANI Enterprises, Inc.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,166,782.00

11

Aggregate amount beneficially owned by each reporting person

1,166,782.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

1.2 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Represents shares of the Issuer's Class A Common Stock issuable upon conversion of shares of the Issuer's Class B Common Stock. As provided in the Charter, 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. The Reporting Person is party to certain agreements with the Separately Filing Group Members, which agreements contain, among other things, certain voting agreements and limitations on the sale of their shares of Common Stock. As a result, the Reporting Person may be deemed to be a member of a "group," within the meaning of Section 13(d)(3) of the Act, comprised of the Reporting Person and the Separately Filing Group Members. Shares listed as beneficially owned by the Reporting Person exclude shares held by any other Reporting Person or by any of the Separately Filing Group Members, in each case as to which the Reporting Person disclaims beneficial ownership. All references to the number of shares outstanding are as of March 23, 2026, as reported in the Issuer's Definitive Proxy Statement on Schedule 14A, filed with the SEC on April 2, 2026, as adjusted to account for (i) the conversion of an aggregate 8,970 shares of Class B Common Stock into 8,970 shares of Class A Common Stock in connection with sales by a certain Separately Filing Group Member on April 16, 2026 and (ii) the conversion of an aggregate 291,696 shares of Class B Common Stock into 291,696 shares of Class A Common Stock in connection with sales by the Reporting Persons on April 17, 2026. The percentage is calculated using the total number of shares of Common Stock beneficially owned by the Reporting Person and based on 94,139,969 shares of Common Stock outstanding as of March 23, 2026, as adjusted.

SCHEDULE 13D

CUSIP Number(s): 448579102

1

Name of reporting person

Mary F. Falcon, not individually, but solely as the trustee of Tal - 2010 ECI Family Mirror Trust #4

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 21,128.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 21,128.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

21,128.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Represents shares of the Issuer's Class A Common Stock issuable upon conversion of shares of the Issuer's Class B Common Stock. As provided in the Charter, 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. The Reporting Person is party to certain agreements with the Separately Filing Group Members, which agreements contain, among other things, certain voting agreements and limitations on the sale of their shares of Common Stock. As a result, the Reporting Person may be deemed to be a member of a "group," within the meaning of Section 13(d)(3) of the Act, comprised of the Reporting Person and the Separately Filing Group Members. Shares listed as beneficially owned by the Reporting Person exclude shares held by any other Reporting Person or by any of the Separately Filing Group Members, in each case as to which the Reporting Person disclaims beneficial ownership. All references to the number of shares outstanding are as of March 23, 2026, as reported in the Issuer's Definitive Proxy Statement on Schedule 14A, filed with the SEC on April 2, 2026, as adjusted to account for (i) the conversion of an aggregate 8,970 shares of Class B Common Stock into 8,970 shares of Class A Common Stock in connection with sales by a certain Separately Filing Group Member on April 16, 2026 and (ii) the conversion of an aggregate 291,696 shares of Class B Common Stock into 291,696 shares of Class A Common Stock in connection with sales by the Reporting Persons on April 17, 2026. The percentage is calculated using the total number of shares of Common Stock beneficially owned by the Reporting Person and based on 94,139,969 shares of Common Stock outstanding as of March 23, 2026, as adjusted.

SCHEDULE 13D

CUSIP Number(s): 448579102

1

Name of reporting person

JP Morgan Trust Company (Bahamas) Limited, not individually, but solely as trustee of the trusts listed on Appendix 2 of Exhibit 99.1

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

BAHAMAS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 101,149.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 101,149.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

101,149.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.1 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Represents shares of the Issuer's Class A Common Stock issuable upon conversion of shares of the Issuer's Class B Common Stock. As provided in the Charter, 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. The Reporting Person is party to certain agreements with the Separately Filing Group Members, which agreements contain, among other things, certain voting agreements and limitations on the sale of their shares of Common Stock. As a result, the Reporting Person may be deemed to be a member of a "group," within the meaning of Section 13(d)(3) of the Act, comprised of the Reporting Person and the Separately Filing Group Members. Shares listed as beneficially owned by the Reporting Person exclude shares held by any other Reporting Person or by any of the Separately Filing Group Members, in each case as to which the Reporting Person disclaims beneficial ownership. All references to the number of shares outstanding are as of March 23, 2026, as reported in the Issuer's Definitive Proxy Statement on Schedule 14A, filed with the SEC on April 2, 2026, as adjusted to account for (i) the conversion of an aggregate 8,970 shares of Class B Common Stock into 8,970 shares of Class A Common Stock in connection with sales by a certain Separately Filing Group Member on April 16, 2026 and (ii) the conversion of an aggregate 291,696 shares of Class B Common Stock into 291,696 shares of Class A Common Stock in connection with sales by the Reporting Persons on April 17, 2026. The percentage is calculated using the total number of shares of Common Stock beneficially owned by the Reporting Person and based on 94,139,969 shares of Common Stock outstanding as of March 23, 2026, as adjusted.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Class A Common Stock, $0.01 par value per share
(b)	Name of Issuer: Hyatt Hotels Corporation
(c)	Address of Issuer's Principal Executive Offices: 150 North Riverside Plaza, Chicago, ILLINOIS , 60606.
Item 1 Comment: This Amendment No. 10 to Schedule 13D ("Amendment No. 10") amends and supplements the Schedule 13D originally filed by the Reporting Persons on April 26, 2010 (as amended to date, the "Schedule 13D"). Capitalized terms used herein without definition shall have the meaning set forth in the Schedule 13D.
Item 2.	Identity and Background
(a)	Item 2 of the Schedule 13D is amended by deleting the first paragraph thereof and replacing such paragraph with the following: This Schedule 13D is being filed by Robin Road Trust Company LLC, as trustee of Robin Road Trust and the trusts listed on Appendix 1 of Exhibit 99.1, TAWANI Enterprises, Inc., Jennifer N. Pritzker, not individually, but as Chairwoman of and trustee of the sole stockholder of TAWANI Enterprises, Inc., Mary F. Falcon, not individually, but solely as the trustee of Tal - 2010 ECI Family Mirror Trust #4, and JP Morgan Trust Company (Bahamas) Limited, not individually, but solely as trustee of the trusts listed on Appendix 2 of Exhibit 99.1 (together, the "Reporting Persons").
(b)	Item 2 of the Schedule 13D is amended by deleting the second paragraph thereof and replacing such paragraph with the following: The address of the principal business and principal office of Robin Road Trust Company LLC is 551 Union Street, Suite 735, Nashville, Tennessee 37219. The address of the principal business and principal office of TAWANI Enterprises, Inc., Jennifer N. Pritzker and Mary F. Falcon is 104 S. Michigan Ave., Suite 1025, Chicago, Illinois 60603. The address of the principal business and principal office of JP Morgan Trust Company (Bahamas) Limited is Bahamas Financial Centre, Shirley & Charlotte Streets, P.O. Box N-4899, Nassau, Bahamas.
(c)	Item 2 of the Schedule 13D is amended by deleting the third paragraph thereof and replacing such paragraph with the following: The principal business of Ms. Pritzker is Chairwoman of TAWANI Enterprises, Inc., Founder and Chair of the Pritzker Military Museum and Library, Founder of the Pritzker Military Foundation, and Founder of the TAWANI Foundation. The other Reporting Persons are principally engaged in the business of investing the assets of the trusts for the benefit of the beneficiaries of such trusts.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 of the Schedule 13D is amended and supplemented as follows: On January 30, 2025, FirstCaribbean International Trust Company (Bahamas) Limited, as trustee of THP 2010 Trust N2, donated 19,001 shares of Class B Common Stock (the "2025 Donation"). In accordance with the Charter, the shares of Class B Common Stock donated pursuant to the 2025 Donation automatically converted into shares of Class A Common Stock immediately upon the 2025 Donation. Following the 2025 Donation, FirstCaribbean International Trust Company (Bahamas) Limited, as trustee of THP 2010 Trust N2, no longer held any shares of Common Stock. On May 14, 2025, Robin Road Trust Company LLC, as trustee of JNP Parachute Mirror Trust K, JNP Parachute Mirror Trust L and JNP 2010 - P.G. Trust (collectively, the "Sellers"), sold an aggregate of 364,620 shares of Class B Common Stock in a block trade with a broker-dealer at a price of $132.75 per share, for an aggregate price of $48,403,305 (the "May 2025 Sale"). In accordance with the Charter, the shares of Class B Common Stock sold pursuant to the May 2025 Sale automatically converted into shares of Class A Common Stock immediately upon the May 2025 Sale. On April 17, 2026, the Sellers sold an aggregate of 291,696 shares of Class B Common Stock in a block trade with a broker-dealer at a price of $167.75 per share, for an aggregate price of $48,932,004 (the "April 2026 Sale"). In accordance with the Charter, the shares of Class B Common Stock sold pursuant to the April 2026 Sale automatically converted into shares of Class A Common Stock immediately upon the April 2026 Sale.
Item 4.	Purpose of Transaction
	Item 4 of the Schedule 13D is amended and supplemented as follows: The 2025 Donation was completed on January 30, 2025, as described in Item 3 of this Amendment No. 10. The May 2025 Sale was completed on May 14, 2025, as described in Item 3 of this Amendment No. 10. The April 2026 Sale was completed on April 17, 2026, as described in Item 3 of this Amendment No. 10.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5 of the Schedule 13D is amended and supplemented as follows: As of the date hereof, the Reporting Persons in the aggregate may be deemed to be the beneficial owners of 1,289,059 shares of Class B Common Stock beneficially owned by the Reporting Persons. Based on the number of shares of Class B Common Stock outstanding as of March 23, 2026, as reported in the Issuer's Definitive Proxy Statement on Schedule 14A, filed with the SEC on April 2, 2026, as adjusted to account for (i) the conversion of an aggregate 8,970 shares of Class B Common Stock into 8,970 shares of Class A Common Stock in connection with sales by a certain Separately Filing Group Member on April 16, 2026 and (ii) the conversion of an aggregate 291,696 shares of Class B Common Stock into 291,696 shares of Class A Common Stock in connection with sales by the Reporting Persons on April 17, 2026, the number of shares of Class B Common Stock beneficially owned by the Reporting Persons represents 2.4% of the total number of shares of Class B Common Stock outstanding. Based on the number of shares of Common Stock outstanding as of March 23, 2026, as adjusted, the number of shares of Common Stock beneficially owned by the Reporting Persons represents 1.4% of the total number of shares of Common Stock outstanding and 2.3% of the total voting power of the shares of Common Stock outstanding, voting together as a single class, assuming that no additional outstanding shares of Class B Common Stock have been converted into shares of Class A Common Stock. Exhibit 99.2 filed with this Amendment No. 10 amends and restates, in its entirety, Schedule A previously attached to the Schedule 13D. Exhibit 99.2 attached to this Amendment No. 10 sets forth, as of the date hereof, the number of shares and percentage of the Class A Common Stock outstanding, the number of shares and percentage of the Class B Common Stock outstanding, the percentage of the total number of shares of Common Stock outstanding, and the percentage of the total voting power of the shares of Common Stock outstanding, voting together as a single class, represented by the shares beneficially owned by each Reporting Person. With respect to matters upon which the Issuer's stockholders are entitled to vote, the holders of Class A Common Stock and Class B Common Stock vote together as a single class, and each holder of Class A Common Stock is entitled to one vote per share and each holder of Class B Common Stock is entitled to ten votes per share. Robin Road Trust Company LLC is a manager-managed limited liability company and the trustee of the trusts listed on Appendix 1 of Exhibit 99.1, and in such capacity may be deemed to beneficially own the 1,166,782 shares of Class B Common Stock held by such trusts. Robin Road Trust is the sole member of Robin Road Trust Company LLC, and in such capacity may be deemed to beneficially such shares of Class B Common Stock. Robin Road Trust Company LLC is the trustee of Robin Road Trust, and in such capacity may be deemed to beneficially own such shares of Class B Common Stock. The Managing Directors of Robin Road Trust Company LLC are David Pelizzon, Mary F. Falcon and Michelle Nakfoor. The voting and investment decisions of Robin Road Trust Company LLC are made by the Trust and Investment Committee of its board of managers, consisting of David Pelizzon, Mary F. Falcon, Michelle Nakfoor, John Ringer and Evangelia Liaskas. The Managing Directors and the members of the Trust and Investment Committee disclaim beneficial ownership as a result of serving as Managing Directors and/or serving on the Trust and Investment Committee. Robin Road Trust Company LLC has also authorized TAWANI Enterprises, Inc. to make certain investment decisions on behalf of Robin Road Trust Company LLC, and in such capacity TAWANI Enterprises, Inc. may, for the purposes hereof, be deemed to beneficially own such shares of Class B Common Stock. TAWANI Enterprises, Inc. is a corporation whose Chairwoman is Jennifer N. Pritzker and whose sole stockholder is the Jennifer N. Pritzker Revocable Trust, with Jennifer N. Pritzker as sole trustee. In such capacity, Ms. Pritzker may, for the purposes hereof, be deemed to beneficially own such shares of Class B Common Stock. Based solely on the information contained in the Schedule 13Ds, as amended, filed by the Separately Filing Group Members, as of the date hereof, the Pritzker Family Group in the aggregate may be deemed to be the beneficial owners of 766,775 shares of currently issued Class A Common Stock and 50,560,412 shares of Class A Common Stock issuable upon conversion of 50,560,412 shares of Class B Common Stock beneficially owned by the Pritzker Family Group. The number of shares of Class A Common Stock beneficially owned by the Pritzker Family Group and currently issued represents 1.9% of the total number of shares of Class A Common Stock outstanding, assuming that no additional outstanding shares of Class B Common Stock have been converted into shares of Class A Common Stock. The number of shares of Class B Common Stock beneficially owned by the Pritzker Family Group represents 95.7% of the total number of shares of Class B Common Stock outstanding, assuming that no additional outstanding shares of Class B Common Stock have been converted into shares of Class A Common Stock. The number of shares of Common Stock beneficially owned by the Pritzker Family Group represents 54.5% of the total number of shares of Common Stock outstanding and 88.9% of the total voting power of the shares of Common Stock outstanding, voting together as a single class, assuming that no additional outstanding shares of Class B Common Stock have been converted into shares of Class A Common Stock. Exhibit 99.3 filed with this Amendment No. 10 amends and restates, in its entirety, Schedule B previously filed with the Schedule 13D. Exhibit 99.3 attached to this Amendment No. 10 sets forth, as of the date hereof, the number of shares and percentage of the Class A Common Stock outstanding, the number of shares and percentage of the Class B Common Stock outstanding, the percentage of the total number of shares of Common Stock outstanding, and the percentage of the total voting power of the shares of Common Stock outstanding, voting together as a single class, represented by the shares beneficially owned by the Reporting Persons and each Separately Filing Group Member. All information with regard to the Separately Filing Group Members is based solely on the information contained in the Schedule 13Ds filed by the Separately Filing Group Members. With respect to matters upon which the Issuer's stockholders are entitled to vote, the holders of Class A Common Stock and Class B Common Stock vote together as a single class, and each holder of Class A Common Stock is entitled to one vote per share and each holder of Class B Common Stock is entitled to ten votes per share.
(b)	See Item 5(a)
(c)	Item 5 of the Schedule 13D is amended and supplemented as follows: Based solely on the information contained in a Form 4 filing filed on April 17, 2026 by a Separately Filing Group Member, such Separately Filing Group Member sold an aggregate of 8,970 shares of Class B Common Stock. In accordance with the Charter, the shares of Class B Common Stock sold pursuant ot such sales automatically converted upon such sales into shares of Class A Common Stock. The April 2026 Sale was completed on April 17, 2026, as described in Item 3 of this Amendment No. 10.
Item 7.	Material to be Filed as Exhibits.
	Item 7 of the Schedule 13D is amended and supplemented as follows: Exhibit 99.1 - Appendix 1 and 2 Exhibit 99.2 - Schedule A Exhibit 99.3 - Schedule B

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Robin Road Trust Company LLC, as trustee of Robin Road Trust and the trusts listed on Appendix 1 of Exhibit 99.1

Signature:	/s/ Mary F. Falcon
Name/Title:	President
Date:	04/21/2026

TAWANI Enterprises, Inc.

Signature:	/s/ Michelle M. Nakfoor
Name/Title:	General Counsel
Date:	04/21/2026

Jennifer N. Pritzker, not individually, but as Chairwoman of and trustee of the sole stockholder of TAWANI Enterprises, Inc.

Signature:	/s/ Jennifer N. Pritzker
Name/Title:	Jennifer N. Pritzker, not individually, but as Chairwoman of and trustee of the sole stockholder of TAWANI Enterprises, Inc.
Date:	04/21/2026

Mary F. Falcon, not individually, but solely as the trustee of Tal - 2010 ECI Family Mirror Trust #4

Signature:	/s/ Mary F. Falcon
Name/Title:	Mary F. Falcon, not individually, but solely as the trustee of Tal - 2010 ECI Family Mirror Trust #4
Date:	04/21/2026

JP Morgan Trust Company (Bahamas) Limited, not individually, but solely as trustee of the trusts listed on Appendix 2 of Exhibit 99.1

Signature:	/s/ Rhonda Finley /s/ Thurl Edwards
Name/Title:	Rhonda Finley, Authorized Signatory* Thurl Edwards, Authorized Signatory*
Date:	04/21/2026

Comments accompanying signature:

*A Managing Director's Certificate evidencing the authority of such persons to sign and file this Amendment No. 10 on behalf of JP Morgan Trust Company (Bahamas) Limited was filed as Exhibit 24 to this Schedule 13D.

FAQ

How many Hyatt (H) shares did the Pritzker-related trusts sell in April 2026?

They sold 291,696 shares of Class B Common Stock on April 17, 2026, in a block trade at $167.75 per share. Under Hyatt’s charter, these Class B shares automatically converted into an equal number of Class A shares at the time of sale.

What was the size of the May 2025 Hyatt (H) block trade by the Pritzker trusts?

On May 14, 2025, the sellers completed a block trade of 364,620 shares of Hyatt Class B Common Stock at $132.75 per share, for total proceeds of $48,403,305. Those Class B shares automatically converted into Class A shares immediately upon the sale.

What percentage of Hyatt (H) does the reporting group own after this Schedule 13D/A?

The reporting persons beneficially own 1,289,059 shares of Class B stock, representing 1.4% of Hyatt’s total common stock and 2.3% of total voting power. These percentages are based on 94,139,969 common shares outstanding as of March 23, 2026, as adjusted.

Does the Pritzker Family Group still control Hyatt (H) after these sales?

Yes. The filing states the Pritzker Family Group beneficially owns 50,560,412 Class B shares, plus 766,775 currently issued Class A shares. That equates to 54.5% of common shares and 88.9% of total voting power, maintaining effective control of Hyatt.

How does Hyatt’s (H) dual-class structure affect Pritzker voting power?

Hyatt’s Class A and Class B shares vote together as a single class, but Class A carries one vote per share while Class B carries ten votes. Because the Pritzker Family Group holds most Class B shares, it controls 88.9% of total voting power despite a lower economic percentage.

What was the 2025 donation of Hyatt (H) shares mentioned in the filing?

On January 30, 2025, THP 2010 Trust N2 donated 19,001 shares of Hyatt Class B Common Stock. Under the company’s charter, those Class B shares automatically converted into 19,001 shares of Class A Common Stock immediately upon the donation.