KLP 2006-N3 Family Trust Files Form 144 for $46.5M Hyatt Hotels Divestment

Executive Summary

On November 3, 2026, KLP 2006-N3 Family Trust, an affiliate of Hyatt Hotels Corp ($H), filed a Form 144 notice disclosing an intention to sell 250,000 shares of Class A Common Stock. The aggregate market value of the proposed transaction is approximately $46.49 million, implying an average price per share of $185.96.

Transaction Details

• Issuer: Hyatt Hotels Corporation (CIK: 0001468174)
• Filer: KLP 2006-N3 Family Trust (CIK: 0001498929)
• Relationship: Affiliate
• Security: Class A Common Stock
• Proposed Volume: 250,000 shares
• Total Market Value: $46,490,000
• Broker: Scotia Capital (USA) Inc.
• Approximate Date of Sale: November 2, 2026
• Acquisition Origin: The shares were originally acquired on August 17, 2010, via distribution from an affiliated entity without cash consideration.
• Prior 3-Month Sales: None reported.

Trading & Market Significance

• Materiality: With a market value exceeding $46 million, this proposed transaction carries High trading significance due to its sheer absolute dollar volume.
• Ownership Context: The trust is part of the broader Pritzker family affiliate trust holdings. Large secondary sales by affiliate trusts often occur for estate planning, liquidity, or diversification purposes rather than operational sentiment, but such large volumes may exert short-term supply pressure on the market.