JSPV P.G. Trust 4
4 · Hyatt Hotels Corp · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Hyatt (H) JSPV P.G. Trust Sells 18,233 Shares
What Happened
JSPV P.G. Trust — identified in the filing as a reporting person and noted as a member of a 10% owner group — sold a total of 18,233 shares of Hyatt Hotels Corp on 2026-06-02 in open‑market derivative transactions. The filing reports 18,111 shares sold at $186.93 each (≈ $3,385,489) and 122 shares sold at $188.83 each (≈ $23,037), for a combined proceeds of about $3.41 million. These were disposals (code "S") rather than purchases.
Key Details
- Transaction date: 2026-06-02; Form 4 filed: 2026-06-03 (timely — within required reporting window).
- Reported sales: 18,111 shares @ $186.93 (≈ $3,385,489) and 122 shares @ $188.83 (≈ $23,037); total ≈ $3,408,526. Footnote states weighted average sale price $186.93 and highest/lowest prices in the range $188.87–$188.71, with the reporting person offering to provide breakdowns on request.
- Securities reported as "Derivative" — the filing indicates these dispositions involved derivative securities rather than direct common‑stock purchases.
- Shares owned after the transaction are not disclosed in the provided excerpt of the filing.
- Remarks note the reporting person may be part of a 10% owner group due to voting agreements and transfer limitations; the reporting person disclaims beneficial ownership except for any pecuniary interest.
Context
"Derivative" sales here mean the reported disposals involved convertible/derivative securities (see footnote regarding Class B → Class A conversion rights) rather than a simple open‑market sale of previously held Class A shares. The filing is a sale (not a purchase), which is commonly routine and not, by itself, a definitive signal of management sentiment. The reporting person’s 10%‑owner group status and disclaimer indicate this entity may act as part of a larger ownership arrangement rather than as an individual insider.
Insider Transaction Report
- Sale
Class B Common Stock
[F1]2026-06-02$186.93/sh−18,111$3,385,489→ 187,858 total→ Class A Common Stock (18,111 underlying) - Sale
Class B Common Stock
[F1][F2]2026-06-02$188.83/sh−122$23,037→ 187,736 total→ Class A Common Stock (122 underlying)
Footnotes (2)
- [F1]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.
- [F2]Represents the weighted average sale price. The highest price at which shares were sold was $188.87 and the lowest price at which shares were sold was $188.71. The reporting person undertakes to provide to Hyatt Hotels Corporation, any security holder of Hyatt Hotels Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.