KLP 2010 A.N.P. Mirror Trust #23 - Jun 30, 2023 Form 4 Insider Report for Hyatt Hotels Corp (H)

Role: Other*
Signature: /s/ Zena Tamler
Stock symbol: H
Transactions as of: Jun 30, 2023
Transactions value $: $0
Form type: 4
Date filed: 7/20/2023, 10:55 AM

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	H	Class B Common Stock	Other	$0	-294K	-100%	$0.00^*	0	Jun 30, 2023	Class A Common Stock	294K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

KLP 2010 A.N.P. Mirror Trust #23 is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
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	The Reporting Person is a trust that has transferred the shares of Class B Common Stock reported herein to other trusts having the same trustees. No consideration was paid in connection with the transfer, which represents a "permitted transfer" as defined in the Issuer's Amended and Restated Certificate of Incorporation. The transferee trusts have executed joinders to and have become subject to the provisions of the Amended and Restated Global Hyatt Agreement. Accordingly, immediately following such transfer, the shares remained shares of Class B Common Stock.

Content

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.

The Reporting Person is a trust that has transferred the shares of Class B Common Stock reported herein to other trusts having the same trustees. No consideration was paid in connection with the transfer, which represents a "permitted transfer" as defined in the Issuer's Amended and Restated Certificate of Incorporation. The transferee trusts have executed joinders to and have become subject to the provisions of the Amended and Restated Global Hyatt Agreement. Accordingly, immediately following such transfer, the shares remained shares of Class B Common Stock.

Remarks:

The Reporting Person may be deemed to be a member of a 10% owner group because the Reporting Person has agreed to certain voting agreements and limitations on transfers of shares of Class A Common Stock and Class B Common Stock. The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of the pecuniary interest therein.