GHHC, L.L.C. - 13 Mar 2024 Form 4 Insider Report for Hyatt Hotels Corp (H)

Role
Other*, 10%+ Owner
Signature
/s/ Derek Arend, President
Issuer symbol
H
Transactions as of
13 Mar 2024
Net transactions value
-$200,095,782
Form type
4
Filing time
15 Mar 2024, 17:15:42 UTC
Next filing
20 Jun 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction H Class A Common Stock Conversion of derivative security +1,283,000 1,283,000 13 Mar 2024 Direct F1
transaction H Class A Common Stock Sale $200,095,782 -1,283,000 -100% $155.96 0 13 Mar 2024 Direct

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 Conversion of derivative security $0 -1,283,000 -7.5% $0.000000 15,807,620 13 Mar 2024 Class A Common Stock 1,283,000 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 a transaction exempt from liability under Rule 16b-6(b), 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.

Remarks:

Member of 10% owner group. The Reporting Person may be deemed to be a member of a 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 its pecuniary interest therein.