Form 4: T11 HHC Reports Hyatt Class B Stock Holdings

T11 HHC, LLC filed a Form 4 detailing its beneficial ownership of 11,338,027 shares of Hyatt Hotels Corp Class B Common Stock, convertible to Class A.

Summary

• T11 HHC, LLC, identified as a director and 10% owner of Hyatt Hotels Corp, filed a Form 4.
• The filing reports beneficial ownership of 11,338,027 shares of Class B Common Stock.
• Each share of Class B Common Stock is convertible at any time, at the option of the holder, into one share of Class A Common Stock.
• Class B Common Stock automatically converts into Class A Common Stock upon most transfers, with exceptions for certain permitted transfers.
• The reporting person disclaims beneficial ownership of these shares except to the extent of its proportionate pecuniary interest.
• T11 HHC, LLC was the controlling member of THHC, L.L.C. until January 1, 2026, which held these shares.
• The reporting person is considered a member of a 10% owner group due to agreed-upon voting agreements and limitations on transfers of Class A and Class B shares.

Sentiment

Score: 5

Explanation: This Form 4 is a routine disclosure of beneficial ownership and stock conversion rights, providing factual information without indicating positive or negative operational or financial performance.

Future Outlook

Each share of Class B Common Stock is convertible at any time, at the option of the holder, into one share of Class A Common Stock. Additionally, Class B shares will automatically convert to Class A upon most transfers, except for certain permitted transfers described in the Issuer's Amended and Restated Certificate of Incorporation.

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

NA

Stakeholder Impact

• Shareholders: Provides transparency regarding significant ownership stakes and the structure of voting rights through Class B and Class A common stock.

Key Dates

Keywords

Hyatt Hotels Corp, H, Form 4, Beneficial Ownership, Class B Common Stock, Class A Common Stock, T11 HHC LLC, Insider Transaction, SEC Filing, Ownership Disclosure