A Form 4 filed with the SEC on November 3, 2026 discloses that KLP 2006-N3 Family Trust sold a combined 61,002 shares of Hyatt Hotels Corp Class B Common Stock on November 2, 2026, with the shares converting to Class A Common Stock upon transfer.

Key Highlights

  • First transaction: 32,182 shares of Class B Common Stock were sold on November 2, 2026, at a weighted average price of $186.568 per share, with prices ranging from $186.00 to $186.96.
  • Second transaction: 28,820 shares of Class B Common Stock were sold on November 2, 2026, at a weighted average price of $187.584 per share, with prices ranging from $187.04 to $187.96.
  • Resulting ownership: Following the second transaction, the reporting person directly held 859,066 shares of Class A Common Stock.
  • Conversion mechanism: According to the filing, each share of Class B Common Stock converts automatically into one share of Class A Common Stock upon any transfer, except for certain permitted transfers described in the issuer's Amended and Restated Certificate of Incorporation.
  • Reporting person status: The filing notes that KLP 2006-N3 Family Trust "may be deemed to be a member of a 10% owner group" due to certain voting agreements and limitations on transfers of Class A and Class B shares.
  • Disclaimer: The reporting person "disclaims beneficial ownership of the securities reported herein except to the extent of the pecuniary interest therein," according to the filing.

KLP 2006-N3 Family Trust Discloses Two-Tranche Class B Sale in Hyatt Hotels

The Form 4 filed on behalf of KLP 2006-N3 Family Trust, addressed care of Kireze Simmons at Scotia House in Nassau, Bahamas, reports two separate dispositions of Hyatt Hotels Corp (NYSE:H) Class B Common Stock on November 2, 2026. The filing was signed by Kireze Simmons as Authorized Signatory on behalf of The Bank of Nova Scotia Trust Company (Bahamas) Limited.

In the first tranche, 32,182 Class B shares were sold at a weighted average price of $186.568, with individual sale prices between $186.00 and $186.96. In the second tranche, 28,820 Class B shares were sold at a weighted average price of $187.584, with individual sale prices between $187.04 and $187.96. The filing notes that full information regarding the number of shares sold at each separate price within each range is available upon request from Hyatt Hotels Corporation, any security holder, or the SEC staff. Following both transactions, the reporting person held 859,066 Class A Common Stock shares on a direct basis.

The filing explains that under the issuer's Amended and Restated Certificate of Incorporation, each Class B share is convertible at the holder's option into one Class A share, and also converts automatically upon transfer outside of certain permitted transfers. The reporting person is identified as "Other" in relation to the issuer, with the remarks section stating the trust may be considered part of a 10% owner group due to agreed voting arrangements and transfer restrictions.

What Was Disclosed

KLP 2006-N3 Family Trust reported the sale of 61,002 total Class B Common Stock shares of Hyatt Hotels Corp on November 2, 2026, across two transactions at weighted average prices of $186.568 and $187.584, leaving a direct holding of 859,066 Class A shares.