JNP Parachute Mirror Trust L 4

4 · Hyatt Hotels Corp · Filed Apr 21, 2026

AI-generated summary of this filing

Updated Apr 21, 2026

Hyatt (H) JNP Parachute Mirror Trust Sells 42,689 Shares

What Happened

JNP Parachute Mirror Trust L (a trust that is part of a 10% owner group) converted Class B common stock into Class A shares and sold 42,689 shares of Hyatt Hotels Corp (H) in an open-market transaction. The sale was executed on 2026-04-17 at $167.75 per share for gross proceeds of $7,161,080. The Form 4 was filed on 2026-04-21.

Key Details

Transaction date: 2026-04-17. Sale: 42,689 shares at $167.75; proceeds ~$7,161,080.
Conversion: The same 42,689 Class B shares were reported as converted into Class A (derivative conversion entries reported on 4/17).
Shares owned after transaction: Not specified in the Form 4 filing.
Footnotes: Per the issuer’s charter, Class B shares are convertible into one share of Class A and convert automatically on transfer; the conversion enabled the sale (F1, F2).
Reporting/ownership notes: The reporting trust is a member of a 10% owner group; Robin Road Trust Company LLC is trustee with investment power. The reporting person disclaims beneficial ownership except to the extent of pecuniary interest.
Filing timeliness: Form 4 filed 2026-04-21 for a 2026-04-17 transaction — this appears outside the standard two-business-day filing window for Form 4.

Context

This was a sale following a conversion of Class B to Class A shares (not a purchase or option exercise). Automatic conversion on transfer is a routine corporate-structure-driven step and the immediate sale is consistent with that conversion requirement.
Because the transaction was by a trust within a 10% owner group (not an individual executive), it represents institutional/ownership-level activity rather than a typical executive insider buy/sell signal.

Form 4

Period: 2026-04-17

Other

Transactions

Conversion
Class A Common Stock
[F1]
2026-04-17+42,689→ 42,689 total
Sale
Class A Common Stock
2026-04-17$167.75/sh−42,689$7,161,080→ 0 total
Conversion
Class B Common Stock
[F1][F2]
2026-04-17−42,689→ 170,754 total
→ Class A Common Stock (42,689 underlying)

Footnotes (2)

[F1]In accordance with the Issuer's Amended and Restated Certificate of Incorporation, the shares of Class B Common Stock reported by the Reporting Person on Table II of this Form 4 automatically converted into shares of Class A Common Stock in connection with the sale reported by the Reporting Person in Table I of this Form 4.
[F2]As provided in the Issuer's Amended and Restated Certificate of Incorporation, 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. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, whether or not for value, except for certain permitted transfers described in the Issuer's Amended and Restated Certificate of Incorporation.

Signature

/s/ Mary F. Falcon, President of Trustee|2026-04-21

1 file