Hilton (HLT) Form 4: Jonathan Gray reports 4.87-share acquisition

Rhea-AI Filing Summary

Jonathan Gray, listed with an address at The Blackstone Group, reported a transaction in Hilton Worldwide Holdings Inc. (HLT) on 09/30/2025. The Form 4 shows an acquisition of 4.87 shares (recorded as dividend equivalent rights on deferred share units) at a reported price of $0. Following the transaction, the reporting person beneficially owns 8,435.138 shares, held directly. The filing is signed by an attorney-in-fact on 10/01/2025.

Positive

• Transaction was reported on Form 4, indicating compliance with Section 16 filing requirements
• Acquisition resulted in direct beneficial ownership of 8,435.138 shares

Negative

• None.

Insights

Insider Reporting & Compliance Expert

TL;DR: This Form 4 documents a small, non‑cash acquisition from dividend equivalent rights, properly reported by the director.

The filing records an acquisition of 4.87 shares on 09/30/2025 tied to dividend equivalent rights from deferred share units, with a reported price of $0. Such entries typically reflect compensation plan mechanics rather than open‑market purchases.

Following the transaction the reporting person holds 8,435.138 shares directly, and the form is signed by an attorney‑in‑fact on 10/01/2025, which satisfies signature requirements for Section 16 reporting.

Insider Trade Summary

Net Buyer: 4.87 shares

Net Buy 1 txn

Insider GRAY JONATHAN

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	4.87	$0.00	$0.00

Holdings After Transaction: Common Stock — 8,435.138 shares (Direct)

Footnotes (1)

1. F1. Represents dividend equivalent rights in connection with the Issuer's quarterly dividend and accrued to the reporting person on deferred share units.

FAQ

What did Jonathan Gray report on Form 4 for HLT?

He reported an acquisition of 4.87 shares on 09/30/2025 tied to dividend equivalent rights, at a reported price of $0.

How many Hilton (HLT) shares does the reporting person own after the transaction?

The Form 4 shows beneficial ownership of 8,435.138 shares following the reported transaction.

Was the transaction cash‑based or non‑cash?

The filing reports a price of $0 and explains the shares represent dividend equivalent rights, indicating a non‑cash compensation conversion.

When was the Form 4 signed and by whom?

The filing is signed by an attorney‑in‑fact, Owen L. Wilcox, on 10/01/2025.

What is the reporting person's relationship to Hilton (HLT)?

The form identifies the reporting person as a Director of Hilton Worldwide Holdings Inc.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 10/02/2025 - 04:37 PM Learn about SEC filing dates

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
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

GRAY JONATHAN

(Last) (First) (Middle)

C/O THE BLACKSTONE GROUP; 345 PARK AVE.

(Street)

NEW YORK NY 10154

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Hilton Worldwide Holdings Inc. [ HLT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

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
Common Stock	09/30/2025		A		4.87(1)	A	$0	8,435.138	D

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

Explanation of Responses:

1. Represents dividend equivalent rights in connection with the Issuer's quarterly dividend and accrued to the reporting person on deferred share units.

Remarks:

	/s/ Owen L. Wilcox, Attorney-in-Fact	10/01/2025
	** 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.