JNP Parachute Mirror Trust K 4

What Happened
JNP Parachute Mirror Trust K (a member of a 10% owner group; Robin Road Trust Company LLC is trustee) sold 35,573 shares of Hyatt Hotels Corp. on April 17, 2026. The shares were sold in an open-market transaction at $167.75 per share for total proceeds of $5,967,371. The sale followed conversion of Class B common stock into Class A common stock, as required/allowed under the issuer’s charter.

Key Details

• Transaction date: 2026-04-17. Sale price: $167.75; proceeds: $5,967,371.
• Related derivative activity: 35,573 Class B shares converted to Class A (conversion recorded; conversion/disposal reported at $0 for the derivative line).
• Footnotes: Filing notes automatic conversion of Class B to Class A on transfer (and that Class B are convertible 1:1 into Class A); trust disclaims beneficial ownership except to extent of pecuniary interest.
• Shares owned after transaction: not specified in the filing excerpt provided.
• No indication in this filing excerpt that the transaction was part of a 10b5-1 plan or that the Form 4 was late.

Context
This was a sale (liquidation of 35,573 shares) rather than a purchase or option exercise. The conversion of Class B to Class A was a structural step tied to the transfer/sale (per the company’s charter), not a cash purchase — the conversion simply enabled the open-market sale of the resulting Class A shares. As a member of a 10% owner group and a trust with a trustee holding investment power, this filing reflects institutional/trust-level activity rather than an individual executive trade.