Form 4: Hyatt 10% Owner Trust Gifts 496K Class B Shares

PDTA Tom Trust, a member of Hyatt Hotels Corp's 10% owner group, reported gifting 496,237 shares of Class B Common Stock convertible to Class A shares.

Summary

• PDTA Tom Trust, identified as a member of Hyatt Hotels Corp's 10% owner group, reported a disposition of 496,237 shares of Class B Common Stock.
• The transaction occurred on January 1, 2026, and was coded as a gift (G), with a price of $0.
• Each Class B Common Stock share is convertible at any time, at the option of the holder, into one share of Class A Common Stock.
• Class B shares also automatically convert into Class A shares upon any transfer, except for certain permitted transfers.
• Following this transaction, the reporting person's beneficial ownership of derivative securities is 0.
• Maroon Private Trust Company, LLC serves as the trustee for PDTA Tom Trust and holds investment power over the shares beneficially owned by the Reporting Person.

Sentiment

Score: 5

Explanation: Neutral. The filing reports a gift of shares by a 10% owner group member, which is a factual disclosure of an ownership change rather than a positive or negative operational event for the company.

Future Outlook

N/A. This filing reports a past transaction and does not contain forward-looking statements or guidance.

Management Comments

• Maroon Private Trust Company, LLC serves as trustee of the Reporting Person and has investment power over the shares beneficially owned by the Reporting Person.
• The beneficiaries of the Reporting Person do not have investment power over the shares of Class B Common Stock held by the Reporting Person.
• The Reporting Person may be deemed to be a member of a group because the Reporting Person has agreed to certain voting agreements and limitations on transfers of shares of Class A Common Stock and Class B Common Stock.
• The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein.

Industry Context

N/A. This Form 4 filing details an insider ownership change and does not provide information relevant to broader industry trends or competitor analysis.

Stakeholder Impact

• Shareholders: The disposition of a significant block of Class B shares by a 10% owner group member, even as a gift, represents a change in beneficial ownership that could subtly shift the dynamics of control or influence within the shareholder base.

Key Dates

Keywords

Hyatt Hotels Corp, H, SEC Form 4, beneficial ownership, insider transaction, Class B Common Stock, Class A Common Stock, stock gift, 10% owner