Form 4: F.L.P. Trust #11 Reports Indirect Acquisition of 3,100,000 Class A Common Stock Shares in Hyatt Hotels Corp

F.L.P. Trust #11 reports an indirect acquisition of 3,100,000 Class A Common Stock shares in Hyatt Hotels Corp due to the conversion of Class B Common Stock.

Summary

• On August 8, 2024, F.L.P. Trust #11 reported a transaction involving Hyatt Hotels Corp.
• The transaction involved the conversion of 3,100,000 shares of Class B Common Stock into Class A Common Stock.
• The reporting person, F.L.P. Trust #11, indirectly acquired 3,100,000 shares of Class A Common Stock as a result of this conversion.
• Following the transaction, the reporting person beneficially owns 17,623,351 shares of Class B Common Stock indirectly.
• The shares are held of record by THHC, L.L.C., which is controlled by T11 HHC, LLC, where the Reporting Person is the controlling member.
• The Reporting Person disclaims beneficial ownership of the shares held by THHC, L.L.C., except to the extent of its proportionate pecuniary interest.
• The Reporting Person is also a member of a 10% owner group and has agreed to certain voting agreements and limitations on transfers of shares.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't convey any explicit positive or negative sentiment about the company's performance or future prospects.

Industry Context

This filing reflects changes in beneficial ownership, which is a routine part of corporate governance and investment activity in publicly traded companies like Hyatt Hotels Corp. It doesn't necessarily indicate a fundamental shift in the company's prospects but provides transparency into the holdings of major shareholders.

Stakeholder Impact

• The change in beneficial ownership may be of interest to shareholders, as it provides insight into the holdings of major investors.
• The transaction itself is unlikely to have a direct impact on employees, customers, suppliers, or creditors.

Key Dates