Form 4: T11 HHC, LLC Reports Acquisition of 3,100,000 Hyatt Hotels Corp Class B Shares Through Conversion

T11 HHC, LLC, a 10% owner of Hyatt Hotels Corp, reports acquiring 3,100,000 shares of Class A Common Stock through the conversion of Class B Common Stock on August 8, 2024.

Summary

• On August 8, 2024, T11 HHC, LLC acquired 3,100,000 shares of Class A Common Stock of Hyatt Hotels Corp through the conversion of Class B Common Stock.
• The transaction did not involve a monetary exchange, as the price per share is listed as $0.
• Following the transaction, T11 HHC, LLC beneficially owns 17,623,351 shares of Class B Common Stock.
• T11 HHC, LLC is considered a 10% owner of Hyatt Hotels Corp and a member of a group due to certain voting agreements and transfer limitations.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a stock conversion. It doesn't contain inherently positive or negative information, hence a neutral sentiment score.

Management Comments

• The Reporting Person disclaims beneficial ownership of the shares of Class B Common Stock held by THHC, L.L.C., except to the extent of its proportionate pecuniary interest therein, if any.
• The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein.

Industry Context

This filing reflects changes in beneficial ownership, which is a routine part of corporate governance and investment activity. It doesn't necessarily indicate a strategic shift for Hyatt but provides transparency into the holdings of major shareholders.

Stakeholder Impact

• The transaction may have a minor impact on shareholders due to the increased number of Class A shares, but the overall impact is likely minimal.

Key Dates