2.75M shares held by RM Trading at Park Hotels (NYSE: PK) — 1.4%

Rhea-AI Filing Summary

RM Trading of Florida LLC reports beneficial ownership of 2,750,000 shares of Park Hotels & Resorts common stock. This represents 1.4% of the class based on 201,249,407 common shares outstanding as of March 31, 2026. The filing states that the shares are directly owned by RM Trading and that Mark S. Paley and Roger J. Beit, as managers and members of RM Trading, may be deemed to have shared voting and shared dispositive power over these shares. The cover-page figures and signature lines show the filing was signed on May 8, 2026.

Insights

Corporate Governance Analyst

13G shows a passive stake below 5% with shared managerial attribution.

The filing lists 2,750,000 shares (1.4% of the class) held directly by RM Trading of Florida LLC and attributes shared voting and dispositive power to two managers. Schedule 13G status typically indicates passive intent rather than an active activist position.

Watch for future amendments or a Schedule 13D if the ownership purpose changes; the filing does not state any acquisition plans or changes to control.

Securities Compliance Specialist

Disclosure aligns with reporting thresholds and includes the required ownership basis.

The filing cites the issuer's Form 10-Q for the outstanding share count as of March 31, 2026, which is used to compute the 1.4% figure. The signatures indicate managerial authorization for the Schedule 13G.

Future filings may clarify whether the position remains passive; regulators expect timely amendments if ownership or intent changes.

Key Figures

Shares beneficially owned: 2,750,000 shares Percent of class: 1.4% Shares outstanding: 201,249,407 shares +1 more

4 metrics

Shares beneficially owned 2,750,000 shares Reported by RM Trading of Florida LLC

Percent of class 1.4% Calculated from outstanding shares as of March 31, 2026

Shares outstanding 201,249,407 shares Outstanding common shares as of March 31, 2026 (issuer's Form 10-Q)

Filing signature date May 8, 2026 Signatures by reporting persons on the Schedule 13G

Key Terms

Schedule 13G, beneficially owned, shared voting power, dispositive power

4 terms

Schedule 13G regulatory

"Item 1. | (a) | Name of issuer: Park Hotels & Resorts Inc."

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

beneficially owned financial

"Item 4. | (a) | Amount beneficially owned: See Row 9 of the cover page"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

shared voting power regulatory

"Shared Voting Power 2,750,000.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

dispositive power regulatory

"Shared Dispositive Power 2,750,000.00"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/08/2026 - 11:09 AM Learn about SEC filing dates

FAQ

What stake does RM Trading hold in Park Hotels & Resorts (PK)?

RM Trading holds 2,750,000 shares, representing 1.4% of the class. This percentage is calculated using 201,249,407 common shares outstanding as of March 31, 2026, as cited in the filing.

Who may exercise voting power over the 2,750,000 shares?

Mark S. Paley and Roger J. Beit are named as managers and members of RM Trading and may be deemed to have shared voting and dispositive power over the shares according to the filing.

Is this Schedule 13G indicative of an active takeover or activist intent?

A Schedule 13G filing typically signals a passive investment intent rather than an active solicitation for control. The filing does not state any acquisition plans or activist intentions.

How was the 1.4% ownership percentage calculated?

The percentage uses the issuer's reported outstanding share count: 201,249,407 common shares outstanding as of March 31, 2026, which the filing cites from the issuer's Form 10-Q.

When was the Schedule 13G signed for Park Hotels & Resorts?

The Schedule 13G signatures show the filing was signed by the reporting persons on May 8, 2026, as shown in the signature block of the form.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Park Hotels & Resorts Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

700517105

(CUSIP Number)

05/01/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 700517105

1

Names of Reporting Persons

RM Trading of Florida LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

FLORIDA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,750,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,750,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,750,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.4 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: 2,750,000 shares, all of which are directly owned by RMT. Mark S. Paley and Roger J. Beit, each of whom is a manager and member of RMT, may be deemed to have shared voting power and shared dispositive power over these shares. *Based on 201,249,407 Common Shares outstanding as of March 31, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, filed with the Securities and Exchange Commission on May 1, 2026.

SCHEDULE 13G

CUSIP Number(s): 700517105

1

Names of Reporting Persons

Paley Mark Steven

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,750,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,750,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,750,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.4 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: 2,750,000 shares, all of which are directly owned by RMT. Mark S. Paley a manager and member of RMT, may be deemed to have shared voting power and shared dispositive power over these shares. *Based on 201,249,407 Common Shares outstanding as of March 31, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, filed with the Securities and Exchange Commission on May 1, 2026.

SCHEDULE 13G

CUSIP Number(s): 700517105

1

Names of Reporting Persons

BEIT ROGER J

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,750,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,750,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,750,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.4 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: 2,750,000 shares, all of which are directly owned by RMT. Roger J. Beit, a manager and member of RMT, may be deemed to have shared voting power and shared dispositive power over these shares. *Based on 201,249,407 Common Shares outstanding as of March 31, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, filed with the Securities and Exchange Commission on May 1, 2026.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Park Hotels & Resorts Inc.
(b)	Address of issuer's principal executive offices: 1775 TYSONS BLVD, 7TH FLOOR, TYSONS, VIRGINIA, 22102.
Item 2.
(a)	Name of person filing: RM TRADING OF FLORIDA LLC
(b)	Address or principal business office or, if none, residence: 1 North Breakers Row, Apt 141, Palm Beach, FL 33480
(c)	Citizenship: Florida
(d)	Title of class of securities: Common Stock
(e)	CUSIP Number(s): 700517105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See Row 9 of the cover page for each Reporting Person.
(b)	Percent of class: See Row 11 of the cover page for each Reporting Person.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See Row 5 of the cover page for each Reporting Person.
	(ii) Shared power to vote or to direct the vote: See Row 6 of the cover page for each Reporting Person.
	(iii) Sole power to dispose or to direct the disposition of: See Row 7 of the cover page for each Reporting Person.
	(iv) Shared power to dispose or to direct the disposition of: See Row 8 of the cover page for each Reporting Person.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

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.

RM Trading of Florida LLC

Signature:	Mark Paley
Name/Title:	Manager
Date:	05/08/2026

Paley Mark Steven

Signature:	Mark S Paley
Name/Title:	Manager
Date:	05/08/2026

BEIT ROGER J

Signature:	Roger J Beit
Name/Title:	Manager
Date:	05/08/2026