Hill Path group controls 57.9% of United Parks & Resorts (NYSE: PRKS)

Rhea-AI Filing Summary

United Parks & Resorts Inc. received an updated ownership filing from the Hill Path complex of entities and individuals. The Schedule 13D amendment states that Scott Ross, through various affiliated Hill Path vehicles and his direct holdings, beneficially owns approximately 57.9% of the company’s 47,135,528 outstanding shares as of May 4, 2026.

The filing explains that this Amendment No. 23 is being made because the ownership percentage changed due to a decrease in the number of shares outstanding, not because of recent open‑market transactions. Hill Path Investment Holdings, Hill Path and Hill Path Holdings are each shown as beneficially owning about 57.7%, or 27,205,306 shares, through their roles over multiple Hill Path funds.

The document also notes director‑level equity awards. On March 31, 2026, Scott Ross was granted 2,751 restricted stock units (RSUs) that vested immediately, contributing to his 74,355 directly held shares, including 5,975 RSUs vesting within 60 days. Director James P. Chambers was granted 1,659 RSUs, also vesting immediately, and now beneficially owns 28,877 shares, including 617 RSUs vesting within 60 days. The reporting group states that, aside from these incentive awards, they have not entered into transactions in the securities of United Parks & Resorts during the prior sixty days.

Insights

Equity ownership and governance analyst

Hill Path confirms a controlling stake in United Parks & Resorts.

The filing shows Scott Ross and related Hill Path entities collectively beneficially owning about 57.9% of United Parks & Resorts common stock, based on 47,135,528 shares outstanding as of May 4, 2026. This reflects a control‑level position.

The amendment is triggered by a decrease in shares outstanding, which mechanically raises ownership percentages without new purchases. The Hill Path structure spans multiple Delaware funds and general partners, all consolidated economically through Hill Path Investment Holdings and ultimately Ross.

The filing also details compensation‑linked equity. Ross received 2,751 RSUs and Chambers 1,659 RSUs on March 31, 2026, which vested immediately and modestly increase their direct stakes. The group reports no other transactions in the past sixty days, indicating the percentage change stems from capital structure dynamics rather than active trading.

Key Figures

Shares outstanding: 47,135,528 shares Scott Ross beneficial stake: 27,279,661 shares (57.9%) Hill Path Investment Holdings stake: 27,205,306 shares (57.7%) +5 more

8 metrics

Shares outstanding 47,135,528 shares Total common shares outstanding as of May 4, 2026

Scott Ross beneficial stake 27,279,661 shares (57.9%) Total beneficial ownership including Hill Path entities

Hill Path Investment Holdings stake 27,205,306 shares (57.7%) Beneficially owned via control of multiple Hill Path funds

HEP Fund holding 10,518,006 shares (22.3%) Shares beneficially owned by HEP Fund

Hill Path E holding 6,109,961 shares (13.0%) Shares beneficially owned by Hill Path E

HM Fund holding 2,695,994 shares (5.7%) Shares beneficially owned by HM Fund

Scott Ross RSU grant 2,751 RSUs Granted March 31, 2026; vested immediately

James Chambers RSU grant 1,659 RSUs Granted March 31, 2026; vested immediately

Key Terms

beneficially owned, restricted stock units, Schedule 13D, omnibus incentive plan, +2 more

6 terms

beneficially owned financial

"As of the close of business on the date hereof, Hill Path Capital beneficially owned 5,885,065 Shares."

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.

restricted stock units financial

"Mr. Ross was granted 2,751 restricted stock units ("RSUs") pursuant to the Issuer's 2025 Omnibus Incentive Plan."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Schedule 13D regulatory

"This Amendment No. 23 to the is being filed due to a change in the percentage of the outstanding number of Shares owned 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.

omnibus incentive plan financial

"pursuant to the Issuer's 2025 Omnibus Incentive Plan (the "Incentive Plan"), which vested immediately"

An omnibus incentive plan is a single, flexible program a company uses to give employees and executives different types of pay tied to performance — for example stock options, restricted shares, cash bonuses and other awards — all governed by one set of rules. It matters to investors because it determines how many new shares may be created, how leaders are motivated and how much the company will spend on compensation over time; think of it as a master toolbox that affects both costs and the total share supply.

sole power to vote or direct vote financial

"S. Mr. Ross 1. Sole power to vote or direct vote: 27,279,661"

aggregate percentage of Shares financial

"The aggregate percentage of Shares reported owned by each person named herein is based upon 47,135,528 Shares outstanding as of May 4, 2026"

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 23)

United Parks & Resorts Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

81282V100

(CUSIP Number)

SCOTT ROSS
HILL PATH CAPITAL LP, 150 East 58th Street, 33rd Floor
New York, NY, 10155
212-632-5420

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

05/11/2026

(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): 81282V100

1

Name of reporting person

Hill Path Capital Partners LP

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)

WC

5

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

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 5,885,065.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 5,885,065.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

5,885,065.00

12

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

13

Percent of class represented by amount in Row (11)

12.5 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 81282V100

1

Name of reporting person

Hill Path Capital Co-Investment Partners LP

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)

WC

5

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

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 176,201.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 176,201.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

176,201.00

12

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

13

Percent of class represented by amount in Row (11)

0.4 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 81282V100

1

Name of reporting person

Hill Path Capital Partners-H LP

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)

WC

5

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

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 1,334,162.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 1,334,162.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

1,334,162.00

12

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

13

Percent of class represented by amount in Row (11)

2.8 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 81282V100

1

Name of reporting person

Hill Path Capital Partners Co-Investment E LP

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)

WC

5

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

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 6,109,961.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 6,109,961.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

6,109,961.00

12

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

13

Percent of class represented by amount in Row (11)

13.0 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 81282V100

1

Name of reporting person

Hill Path Capital Partners Co-Investment E2 LP

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)

WC

5

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

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 402,017.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 402,017.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

402,017.00

12

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

13

Percent of class represented by amount in Row (11)

0.9 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 81282V100

1

Name of reporting person

Hill Path Capital Partners Co-Investment S LP

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)

WC

5

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

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 83,900.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 83,900.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

83,900.00

12

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

13

Percent of class represented by amount in Row (11)

0.2 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 81282V100

1

Name of reporting person

HEP Fund LP

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)

WC

5

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

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 10,518,006.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 10,518,006.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

10,518,006.00

12

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

13

Percent of class represented by amount in Row (11)

22.3 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 81282V100

1

Name of reporting person

HM Fund LP

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)

WC

5

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

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 2,695,994.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 2,695,994.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

2,695,994.00

12

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

13

Percent of class represented by amount in Row (11)

5.7 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP Number(s): 81282V100

1

Name of reporting person

HAT Fund LP

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

DELAWARE

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 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

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)

PN

SCHEDULE 13D

CUSIP Number(s): 81282V100

1

Name of reporting person

HAT Fund II LP

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

DELAWARE

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 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

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)

PN

SCHEDULE 13D

CUSIP Number(s): 81282V100

1

Name of reporting person

Hill Path Capital Partners GP LLC

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)

AF

5

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

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 7,395,428.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 7,395,428.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

7,395,428.00

12

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

13

Percent of class represented by amount in Row (11)

15.7 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 81282V100

1

Name of reporting person

Hill Path Capital Partners E GP LLC

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)

AF

5

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

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 6,511,978.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 6,511,978.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

6,511,978.00

12

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

13

Percent of class represented by amount in Row (11)

13.8 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 81282V100

1

Name of reporting person

Hill Path Capital Partners S GP LLC

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)

AF

5

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

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 83,900.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 83,900.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

83,900.00

12

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

13

Percent of class represented by amount in Row (11)

0.2 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 81282V100

1

Name of reporting person

HE GP LLC

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)

AF

5

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

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 10,518,006.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 10,518,006.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

10,518,006.00

12

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

13

Percent of class represented by amount in Row (11)

22.3 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 81282V100

1

Name of reporting person

HM GP LLC

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)

AF

5

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

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 2,695,994.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 2,695,994.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

2,695,994.00

12

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

13

Percent of class represented by amount in Row (11)

5.7 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 81282V100

1

Name of reporting person

Hill Path Investment Holdings LLC

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)

AF

5

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

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 27,205,306.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 27,205,306.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

27,205,306.00

12

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

13

Percent of class represented by amount in Row (11)

57.7 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 81282V100

1

Name of reporting person

Hill Path Capital LP

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)

AF

5

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

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 27,205,306.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 27,205,306.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

27,205,306.00

12

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

13

Percent of class represented by amount in Row (11)

57.7 %

14

Type of Reporting Person (See Instructions)

IA, PN

SCHEDULE 13D

CUSIP Number(s): 81282V100

1

Name of reporting person

Hill Path Holdings LLC

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)

AF

5

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

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 27,205,306.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 27,205,306.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

27,205,306.00

12

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

13

Percent of class represented by amount in Row (11)

57.7 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s): 81282V100

1

Name of reporting person

ROSS SCOTT I

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)

AF, 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 27,279,661.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 27,279,661.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

27,279,661.00

12

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

13

Percent of class represented by amount in Row (11)

57.9 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

CUSIP Number(s): 81282V100

1

Name of reporting person

CHAMBERS JAMES P.

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 28,877.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 28,877.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

28,877.00

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)

IN

SCHEDULE 13D

CUSIP Number(s): 81282V100

1

Name of reporting person

Dalal Aayushi

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

INDIA

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 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

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)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.01 per share
(b)	Name of Issuer: United Parks & Resorts Inc.
(c)	Address of Issuer's Principal Executive Offices: 6240 SEA HARBOR DRIVE, ORLANDO, FLORIDA , 32821.
Item 1 Comment: This Amendment No. 23 to the Schedule 13D is being filed due to a change in the percentage of the outstanding number of Shares owned by the Reporting Persons due to a decrease in the number of Shares outstanding.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 is hereby amended to add the following: The 74,355 Shares beneficially owned directly by Mr. Ross were awarded to him in his capacity as a director of the Issuer. The 28,877 Shares beneficially owned directly by Mr. Chambers were awarded to him in his capacity as a director of the Issuer.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5(a) is hereby amended and restated to read as follows: The aggregate percentage of Shares reported owned by each person named herein is based upon 47,135,528 Shares outstanding as of May 4, 2026, which is the total number of Shares outstanding as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 11, 2026. A. Hill Path Capital As of the close of business on the date hereof, Hill Path Capital beneficially owned 5,885,065 Shares. Percentage: Approximately 12.5% B. Hill Path Co-Investment As of the close of business on the date hereof, Hill Path Co-Investment beneficially owned 176,201 Shares. Percentage: Less than 1% C. Hill Path H As of the close of business on the date hereof, Hill Path H beneficially owned 1,334,162 Shares. Percentage: Approximately 2.8% D. Hill Path E As of the close of business on the date hereof, Hill Path E beneficially owned 6,109,961 Shares. Percentage: Approximately 13.0% E. Hill Path E2 As of the close of business on the date hereof, Hill Path E2 beneficially owned 402,017 Shares. Percentage: Less than 1% F. Hill Path S As of the close of business on the date hereof, Hill Path S beneficially owned 83,900 Shares. Percentage: Less than 1% G. HEP Fund As of the close of business on the date hereof, HEP Fund beneficially owned 10,518,006 Shares. Percentage: Approximately 22.3% H. HM Fund As of the close of business on the date hereof, HM Fund beneficially owned 2,695,994 Shares. Percentage: Approximately 5.7% I. HAT Fund As of the close of business on the date hereof, HAT Fund does not beneficially own any Shares. Percentage: 0% J. HAT Fund II As of the close of business on the date hereof, HAT Fund II does not beneficially own any Shares. Percentage: 0% K. Hill Path GP Hill Path GP, as the general partner of each of Hill Path Capital, Hill Path Co-Investment and Hill Path H, may be deemed the beneficial owner of the (i) 5,885,065 Shares owned by Hill Path Capital, (ii) 176,201 Shares owned by Hill Path Co-Investment and (iii) 1,334,162 Shares owned by Hill Path H. Percentage: Approximately 15.7% L. Hill Path E GP Hill Path E GP, as the general partner of each of Hill Path E and Hill Path E2, may be deemed the beneficial owner of the (i) 6,109,961 Shares owned by Hill Path E and (ii) 402,017 Shares owned by Hill Path E2. Percentage: Approximately 13.8% M. Hill Path S GP Hill Path S GP, as the general partner of Hill Path S, may be deemed the beneficial owner of the 83,900 Shares owned by Hill Path S. Percentage: Less than 1% N. HE GP HE GP, as the general partner of HEP Fund, may be deemed the beneficial owner of the 10,518,006 Shares owned by HEP Fund. Percentage: Approximately 22.3% O. HM GP HM GP, as the general partner of HM Fund, may be deemed the beneficial owner of the 2,695,994 Shares owned by HM Fund. Percentage: Approximately 5.7% P. Hill Path Investment Holdings Hill Path Investment Holdings, as the managing member of each of Hill Path GP, Hill Path E GP, Hill Path S GP, HE GP and HM GP, may be deemed to beneficially own the (i) 5,885,065 Shares owned by Hill Path Capital, (ii) 176,201 Shares owned by Hill Path Co-Investment, (iii) 1,334,162 Shares owned by Hill Path H, (iv) 6,109,961 Shares owned by Hill Path E, (v) 402,017 Shares owned by Hill Path E2, (vi) 83,900 Shares owned by Hill Path S, (vii) 10,518,006 Shares owned by HEP Fund and (viii) 2,695,994 Shares owned by HM Fund. Percentage: Approximately 57.7% Q. Hill Path Hill Path, as the investment manager of each of Hill Path Capital, Hill Path Co-Investment, Hill Path H, Hill Path E, Hill Path E2, Hill Path S, HEP Fund and HM Fund, may be deemed to beneficially own the (i) 5,885,065 Shares owned by Hill Path Capital, (ii) 176,201 Shares owned by Hill Path Co-Investment, (iii) 1,334,162 Shares owned by Hill Path H, (iv) 6,109,961 Shares owned by Hill Path E, (v) 402,017 Shares owned by Hill Path E2, (vi) 83,900 Shares owned by Hill Path S, (vii) 10,518,006 Shares owned by HEP Fund and (viii) 2,695,994 Shares owned by HM Fund. Percentage: Approximately 57.7% R. Hill Path Holdings Hill Path Holdings, as the general partner of Hill Path, may be deemed to beneficially own the (i) 5,885,065 Shares owned by Hill Path Capital, (ii) 176,201 Shares owned by Hill Path Co-Investment, (iii) 1,334,162 Shares owned by Hill Path H, (iv) 6,109,961 Shares owned by Hill Path E, (v) 402,017 Shares owned by Hill Path E2, (vi) 83,900 Shares owned by Hill Path S, (vii) 10,518,006 Shares owned by HEP Fund and (viii) 2,695,994 Shares owned by HM Fund. Percentage: Approximately 57.7% S. Mr. Ross As of the close of business on the date hereof, Mr. Ross beneficially owned directly 74,355 Shares, including 5,975 Shares underlying certain RSUs (as defined in Item 6 below) that will vest within 60 days from the date hereof. Mr. Ross, as the managing partner of each of Hill Path Investment Holdings, Hill Path and Hill Path Holdings, may be deemed to beneficially own the (i) 5,885,065 Shares owned by Hill Path Capital, (ii) 176,201 Shares owned by Hill Path Co-Investment, (iii) 1,334,162 Shares owned by Hill Path H, (iv) 6,109,961 Shares owned by Hill Path E, (v) 402,017 Shares owned by Hill Path E2, (vi) 83,900 Shares owned by Hill Path S, (vii) 10,518,006 Shares owned by HEP Fund and (viii) 2,695,994 Shares owned by HM Fund. Percentage: Approximately 57.9% T. Mr. Chambers As of the close of business on the date hereof, Mr. Chambers beneficially owned 28,877 Shares, including 617 Shares underlying certain RSUs that will vest within 60 days from the date hereof. Percentage: Less than 1% U. Ms. Dalal As of the close of business on the date hereof, Ms. Dalal did not beneficially own any Shares. Percentage: 0% The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the beneficial owners of any securities of the Issuer that he, she or it does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein that he, she or it does not directly own.
(b)	Item 5(b) is hereby amended and restated to read as follows: A. Hill Path Capital 1. Sole power to vote or direct vote: 5,885,065 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 5,885,065 4. Shared power to dispose or direct the disposition: 0 B. Hill Path Co-Investment 1. Sole power to vote or direct vote: 176,201 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 176,201 4. Shared power to dispose or direct the disposition: 0 C. Hill Path H 1. Sole power to vote or direct vote: 1,334,162 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 1,334,162 4. Shared power to dispose or direct the disposition: 0 D. Hill Path E 1. Sole power to vote or direct vote: 6,109,961 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 6,109,961 4. Shared power to dispose or direct the disposition: 0 E. Hill Path E2 1. Sole power to vote or direct vote: 402,017 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 402,017 4. Shared power to dispose or direct the disposition: 0 F. Hill Path S 1. Sole power to vote or direct vote: 83,900 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 83,900 4. Shared power to dispose or direct the disposition: 0 G. HEP Fund 1. Sole power to vote or direct vote: 10,518,006 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 10,518,006 4. Shared power to dispose or direct the disposition: 0 H. HM Fund 1. Sole power to vote or direct vote: 2,695,994 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 2,695,994 4. Shared power to dispose or direct the disposition: 0 I. HAT Fund 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 0 J. HAT Fund II 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 0 K. Hill Path GP 1. Sole power to vote or direct vote: 7,395,428 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 7,395,428 4. Shared power to dispose or direct the disposition: 0 L. Hill Path E GP 1. Sole power to vote or direct vote: 6,511,978 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 6,511,978 4. Shared power to dispose or direct the disposition: 0 M. Hill Path S GP 1. Sole power to vote or direct vote: 83,900 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 83,900 4. Shared power to dispose or direct the disposition: 0 N. HE GP 1. Sole power to vote or direct vote: 10,518,006 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 10,518,006 4. Shared power to dispose or direct the disposition: 0 O. HM GP 1. Sole power to vote or direct vote: 2,695,994 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 2,695,994 4. Shared power to dispose or direct the disposition: 0 P. Hill Path Investment Holdings 1. Sole power to vote or direct vote: 27,205,306 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 27,205,306 4. Shared power to dispose or direct the disposition: 0 Q. Hill Path 1. Sole power to vote or direct vote: 27,205,306 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 27,205,306 4. Shared power to dispose or direct the disposition: 0 R. Hill Path Holdings 1. Sole power to vote or direct vote: 27,205,306 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 27,205,306 4. Shared power to dispose or direct the disposition: 0 S. Mr. Ross 1. Sole power to vote or direct vote: 27,279,661 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 27,279,661 4. Shared power to dispose or direct the disposition: 0 T. Mr. Chambers 1. Sole power to vote or direct vote: 28,877 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 28,877 4. Shared power to dispose or direct the disposition: 0 U. Ms. Dalal 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 0
(c)	Item 5(c) is hereby amended and restated to read as follows: Other than as set forth in Item 6, the Reporting Persons have not entered into any transactions in the securities of the Issuer during the past sixty days.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Item 6 is hereby amended to add the following: On March 31, 2026, Mr. Ross was granted 2,751 restricted stock units ("RSUs") pursuant to the Issuer's 2025 Omnibus Incentive Plan (the "Incentive Plan"), which vested immediately, and Mr. Chambers was granted 1,659 RSUs pursuant to the Incentive Plan, which vested immediately.

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.

Hill Path Capital Partners LP

Signature:	/s/ Scott Ross
Name/Title:	Scott Ross, Managing Partner
Date:	05/13/2026

Hill Path Capital Co-Investment Partners LP

Signature:	/s/ Scott Ross
Name/Title:	Scott Ross, Managing Partner of Hill Path Capital LP, its Investment Manager
Date:	05/13/2026

Hill Path Capital Partners-H LP

Signature:	/s/ Scott Ross
Name/Title:	Scott Ross, Managing Partner of Hill Path Capital LP, its Investment Manager
Date:	05/13/2026

Hill Path Capital Partners Co-Investment E LP

Signature:	/s/ Scott Ross
Name/Title:	Scott Ross, Managing Partner of Hill Path Capital LP, its Investment Manager
Date:	05/13/2026

Hill Path Capital Partners Co-Investment E2 LP

Signature:	/s/ Scott Ross
Name/Title:	Scott Ross, Managing Partner of Hill Path Capital LP, its Investment Manager
Date:	05/13/2026

Hill Path Capital Partners Co-Investment S LP

Signature:	/s/ Scott Ross
Name/Title:	Scott Ross, Managing Partner of Hill Path Capital LP, its Investment Manager
Date:	05/13/2026

HEP Fund LP

Signature:	/s/ Scott Ross
Name/Title:	Scott Ross, Managing Partner of Hill Path Capital LP, its Investment Manager
Date:	05/13/2026

HM Fund LP

Signature:	/s/ Scott Ross
Name/Title:	Scott Ross, Managing Partner of Hill Path Capital LP, its Investment Manager
Date:	05/13/2026

HAT Fund LP

Signature:	/s/ Scott Ross
Name/Title:	Scott Ross, Managing Partner of Hill Path Capital LP, its Investment Manager
Date:	05/13/2026

HAT Fund II LP

Signature:	/s/ Scott Ross
Name/Title:	Scott Ross, Managing Partner of Hill Path Capital LP, its Investment Manager
Date:	05/13/2026

Hill Path Capital Partners GP LLC

Signature:	/s/ Scott Ross
Name/Title:	Scott Ross, Managing Partner of Hill Path Capital LLC, its Managing Member
Date:	05/13/2026

Hill Path Capital Partners E GP LLC

Signature:	/s/ Scott Ross
Name/Title:	Scott Ross, Managing Partner of Hill Path Capital LLC, its Managing Member
Date:	05/13/2026

Hill Path Capital Partners S GP LLC

Signature:	/s/ Scott Ross
Name/Title:	Scott Ross, Managing Partner of Hill Path Capital LLC, its Managing Member
Date:	05/13/2026

HE GP LLC

Signature:	/s/ Scott Ross
Name/Title:	Scott Ross, Managing Partner of Hill Path Capital LLC, its Managing Member
Date:	05/13/2026

HM GP LLC

Signature:	/s/ Scott Ross
Name/Title:	Scott Ross, Managing Partner of Hill Path Capital LLC, its Managing Member
Date:	05/13/2026

Hill Path Investment Holdings LLC

Signature:	/s/ Scott Ross
Name/Title:	Scott Ross, Managing Partner
Date:	05/13/2026

Hill Path Capital LP

Signature:	/s/ Scott Ross
Name/Title:	Scott Ross, Managing Partner of Hill Path Capital LLC, its General Partner
Date:	05/13/2026

Hill Path Holdings LLC

Signature:	/s/ Scott Ross
Name/Title:	Scott Ross, Managing Partner
Date:	05/13/2026

ROSS SCOTT I

Signature:	/s/ Scott Ross
Name/Title:	Scott Ross
Date:	05/13/2026

CHAMBERS JAMES P.

Signature:	/s/ James P. Chambers
Name/Title:	James P. Chambers
Date:	05/13/2026

Dalal Aayushi

Signature:	/s/ Aayushi Dalal
Name/Title:	Aayushi Dalal
Date:	05/13/2026

FAQ

How much of United Parks & Resorts Inc. (PRKS) does Hill Path control?

The filing shows Hill Path’s structure, led by Scott Ross, beneficially owning about 57.9% of United Parks & Resorts’ common stock. This percentage is based on 47,135,528 shares outstanding as of May 4, 2026, indicating an effective controlling stake.

What caused the ownership percentage change reported for PRKS in this Schedule 13D amendment?

The amendment states the percentage change results from a decrease in the number of shares outstanding, not from new share purchases. As total outstanding shares fell to 47,135,528, Hill Path’s existing holdings came to represent a higher percentage of United Parks & Resorts.

How many PRKS shares does Scott Ross personally and indirectly beneficially own?

Scott Ross directly beneficially owns 74,355 shares, including 5,975 RSUs vesting within 60 days. Through his roles over Hill Path entities, he may be deemed to beneficially own an additional 27,205,306 shares, for a total of about 27,279,661 shares (57.9%).

What are the key fund‑level PRKS holdings disclosed for Hill Path entities?

Key holdings include 10,518,006 shares by HEP Fund (22.3%), 6,109,961 shares by Hill Path E (13.0%), 5,885,065 shares by Hill Path Capital (12.5%), and 2,695,994 shares by HM Fund (5.7%), all based on 47,135,528 shares outstanding.

Were there any recent PRKS share transactions by Hill Path in the last 60 days?

The document states that, other than equity grants described in Item 6, the reporting persons have not entered into transactions in United Parks & Resorts securities during the past sixty days. The percentage change is attributed to fewer shares outstanding, not active trading.

What new equity awards did United Parks & Resorts grant to Scott Ross and James Chambers?

On March 31, 2026, United Parks & Resorts granted 2,751 RSUs to Scott Ross and 1,659 RSUs to James P. Chambers under the 2025 Omnibus Incentive Plan. These RSUs vested immediately and are included in their reported beneficial ownership figures.