X0202 SCHEDULE 13D/A 0001676292 XXXXXXXX LIVE 23 Common Stock, par value $0.01 per share 05/11/2026 false 0001564902 81282V100 United Parks & Resorts Inc.

6240 SEA HARBOR DRIVE ORLANDO FL 32821

SCOTT ROSS 212-632-5420 HILL PATH CAPITAL LP 150 East 58th Street, 33rd Floor New York NY 10155 0001661914 N Hill Path Capital Partners LP WC N DE 5885065.00 0.00 5885065.00 0.00 5885065.00 N 12.5 PN 0001661913 N Hill Path Capital Co-Investment Partners LP WC N DE 176201.00 0.00 176201.00 0.00 176201.00 N 0.4 PN 0001661915 N Hill Path Capital Partners-H LP WC N DE 1334162.00 0.00 1334162.00 0.00 1334162.00 N 2.8 PN 0001705700 N Hill Path Capital Partners Co-Investment E LP WC N DE 6109961.00 0.00 6109961.00 0.00 6109961.00 N 13.0 PN 0001705698 N Hill Path Capital Partners Co-Investment E2 LP WC N DE 402017.00 0.00 402017.00 0.00 402017.00 N 0.9 PN 0001710571 N Hill Path Capital Partners Co-Investment S LP WC N DE 83900.00 0.00 83900.00 0.00 83900.00 N 0.2 PN 0001778825 N HEP Fund LP WC N DE 10518006.00 0.00 10518006.00 0.00 10518006.00 N 22.3 PN 0001778807 N HM Fund LP WC N DE 2695994.00 0.00 2695994.00 0.00 2695994.00 N 5.7 PN 0001814671 N HAT Fund LP OO N DE 0.00 0.00 0.00 0.00 0.00 N 0 PN 0001814670 N HAT Fund II LP OO N DE 0.00 0.00 0.00 0.00 0.00 N 0 PN 0001676386 N Hill Path Capital Partners GP LLC AF N DE 7395428.00 0.00 7395428.00 0.00 7395428.00 N 15.7 OO 0001705699 N Hill Path Capital Partners E GP LLC AF N DE 6511978.00 0.00 6511978.00 0.00 6511978.00 N 13.8 OO 0001711306 N Hill Path Capital Partners S GP LLC AF N DE 83900.00 0.00 83900.00 0.00 83900.00 N 0.2 OO 0001778844 N HE GP LLC AF N DE 10518006.00 0.00 10518006.00 0.00 10518006.00 N 22.3 OO 0001778909 N HM GP LLC AF N DE 2695994.00 0.00 2695994.00 0.00 2695994.00 N 5.7 OO 0001676389 N Hill Path Investment Holdings LLC AF N DE 27205306.00 0.00 27205306.00 0.00 27205306.00 N 57.7 OO 0001676292 N Hill Path Capital LP AF N DE 27205306.00 0.00 27205306.00 0.00 27205306.00 N 57.7 IA PN 0001676388 N Hill Path Holdings LLC AF N DE 27205306.00 0.00 27205306.00 0.00 27205306.00 N 57.7 OO 0001549220 N ROSS SCOTT I AF OO N X1 27279661.00 0.00 27279661.00 0.00 27279661.00 N 57.9 IN 0001778860 N CHAMBERS JAMES P. OO N X1 28877.00 0.00 28877.00 0.00 28877.00 N 0.1 IN 0002075085 N Dalal Aayushi OO N K7 0.00 0.00 0.00 0.00 0.00 N 0 IN Common Stock, par value $0.01 per share United Parks & Resorts Inc. This Amendment No. 23 to the Schedule 13D is being filed due to a change in the percentage of the outstanding number of Shares owned by the Reporting Persons due to a decrease in the number of Shares outstanding. Item 3 is hereby amended to add the following: The 74,355 Shares beneficially owned directly by Mr. Ross were awarded to him in his capacity as a director of the Issuer. The 28,877 Shares beneficially owned directly by Mr. Chambers were awarded to him in his capacity as a director of the Issuer. Item 5(a) is hereby amended and restated to read as follows: The aggregate percentage of Shares reported owned by each person named herein is based upon 47,135,528 Shares outstanding as of May 4, 2026, which is the total number of Shares outstanding as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 11, 2026. A. Hill Path Capital As of the close of business on the date hereof, Hill Path Capital beneficially owned 5,885,065 Shares. Percentage: Approximately 12.5% B. Hill Path Co-Investment As of the close of business on the date hereof, Hill Path Co-Investment beneficially owned 176,201 Shares. Percentage: Less than 1% C. Hill Path H As of the close of business on the date hereof, Hill Path H beneficially owned 1,334,162 Shares. Percentage: Approximately 2.8% D. Hill Path E As of the close of business on the date hereof, Hill Path E beneficially owned 6,109,961 Shares. Percentage: Approximately 13.0% E. Hill Path E2 As of the close of business on the date hereof, Hill Path E2 beneficially owned 402,017 Shares. Percentage: Less than 1% F. Hill Path S As of the close of business on the date hereof, Hill Path S beneficially owned 83,900 Shares. Percentage: Less than 1% G. HEP Fund As of the close of business on the date hereof, HEP Fund beneficially owned 10,518,006 Shares. Percentage: Approximately 22.3% H. HM Fund As of the close of business on the date hereof, HM Fund beneficially owned 2,695,994 Shares. Percentage: Approximately 5.7% I. HAT Fund As of the close of business on the date hereof, HAT Fund does not beneficially own any Shares. Percentage: 0% J. HAT Fund II As of the close of business on the date hereof, HAT Fund II does not beneficially own any Shares. Percentage: 0% K. Hill Path GP Hill Path GP, as the general partner of each of Hill Path Capital, Hill Path Co-Investment and Hill Path H, may be deemed the beneficial owner of the (i) 5,885,065 Shares owned by Hill Path Capital, (ii) 176,201 Shares owned by Hill Path Co-Investment and (iii) 1,334,162 Shares owned by Hill Path H. Percentage: Approximately 15.7% L. Hill Path E GP Hill Path E GP, as the general partner of each of Hill Path E and Hill Path E2, may be deemed the beneficial owner of the (i) 6,109,961 Shares owned by Hill Path E and (ii) 402,017 Shares owned by Hill Path E2. Percentage: Approximately 13.8% M. Hill Path S GP Hill Path S GP, as the general partner of Hill Path S, may be deemed the beneficial owner of the 83,900 Shares owned by Hill Path S. Percentage: Less than 1% N. HE GP HE GP, as the general partner of HEP Fund, may be deemed the beneficial owner of the 10,518,006 Shares owned by HEP Fund. Percentage: Approximately 22.3% O. HM GP HM GP, as the general partner of HM Fund, may be deemed the beneficial owner of the 2,695,994 Shares owned by HM Fund. Percentage: Approximately 5.7% P. Hill Path Investment Holdings Hill Path Investment Holdings, as the managing member of each of Hill Path GP, Hill Path E GP, Hill Path S GP, HE GP and HM GP, may be deemed to beneficially own the (i) 5,885,065 Shares owned by Hill Path Capital, (ii) 176,201 Shares owned by Hill Path Co-Investment, (iii) 1,334,162 Shares owned by Hill Path H, (iv) 6,109,961 Shares owned by Hill Path E, (v) 402,017 Shares owned by Hill Path E2, (vi) 83,900 Shares owned by Hill Path S, (vii) 10,518,006 Shares owned by HEP Fund and (viii) 2,695,994 Shares owned by HM Fund. Percentage: Approximately 57.7% Q. Hill Path Hill Path, as the investment manager of each of Hill Path Capital, Hill Path Co-Investment, Hill Path H, Hill Path E, Hill Path E2, Hill Path S, HEP Fund and HM Fund, may be deemed to beneficially own the (i) 5,885,065 Shares owned by Hill Path Capital, (ii) 176,201 Shares owned by Hill Path Co-Investment, (iii) 1,334,162 Shares owned by Hill Path H, (iv) 6,109,961 Shares owned by Hill Path E, (v) 402,017 Shares owned by Hill Path E2, (vi) 83,900 Shares owned by Hill Path S, (vii) 10,518,006 Shares owned by HEP Fund and (viii) 2,695,994 Shares owned by HM Fund. Percentage: Approximately 57.7% R. Hill Path Holdings Hill Path Holdings, as the general partner of Hill Path, may be deemed to beneficially own the (i) 5,885,065 Shares owned by Hill Path Capital, (ii) 176,201 Shares owned by Hill Path Co-Investment, (iii) 1,334,162 Shares owned by Hill Path H, (iv) 6,109,961 Shares owned by Hill Path E, (v) 402,017 Shares owned by Hill Path E2, (vi) 83,900 Shares owned by Hill Path S, (vii) 10,518,006 Shares owned by HEP Fund and (viii) 2,695,994 Shares owned by HM Fund. Percentage: Approximately 57.7% S. Mr. Ross As of the close of business on the date hereof, Mr. Ross beneficially owned directly 74,355 Shares, including 5,975 Shares underlying certain RSUs (as defined in Item 6 below) that will vest within 60 days from the date hereof. Mr. Ross, as the managing partner of each of Hill Path Investment Holdings, Hill Path and Hill Path Holdings, may be deemed to beneficially own the (i) 5,885,065 Shares owned by Hill Path Capital, (ii) 176,201 Shares owned by Hill Path Co-Investment, (iii) 1,334,162 Shares owned by Hill Path H, (iv) 6,109,961 Shares owned by Hill Path E, (v) 402,017 Shares owned by Hill Path E2, (vi) 83,900 Shares owned by Hill Path S, (vii) 10,518,006 Shares owned by HEP Fund and (viii) 2,695,994 Shares owned by HM Fund. Percentage: Approximately 57.9% T. Mr. Chambers As of the close of business on the date hereof, Mr. Chambers beneficially owned 28,877 Shares, including 617 Shares underlying certain RSUs that will vest within 60 days from the date hereof. Percentage: Less than 1% U. Ms. Dalal As of the close of business on the date hereof, Ms. Dalal did not beneficially own any Shares. Percentage: 0% The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), the beneficial owners of any securities of the Issuer that he, she or it does not directly own. Each of the Reporting Persons specifically disclaims beneficial ownership of the securities reported herein that he, she or it does not directly own. Item 5(b) is hereby amended and restated to read as follows: A. Hill Path Capital 1. Sole power to vote or direct vote: 5,885,065 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 5,885,065 4. Shared power to dispose or direct the disposition: 0 B. Hill Path Co-Investment 1. Sole power to vote or direct vote: 176,201 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 176,201 4. Shared power to dispose or direct the disposition: 0 C. Hill Path H 1. Sole power to vote or direct vote: 1,334,162 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 1,334,162 4. Shared power to dispose or direct the disposition: 0 D. Hill Path E 1. Sole power to vote or direct vote: 6,109,961 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 6,109,961 4. Shared power to dispose or direct the disposition: 0 E. Hill Path E2 1. Sole power to vote or direct vote: 402,017 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 402,017 4. Shared power to dispose or direct the disposition: 0 F. Hill Path S 1. Sole power to vote or direct vote: 83,900 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 83,900 4. Shared power to dispose or direct the disposition: 0 G. HEP Fund 1. Sole power to vote or direct vote: 10,518,006 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 10,518,006 4. Shared power to dispose or direct the disposition: 0 H. HM Fund 1. Sole power to vote or direct vote: 2,695,994 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 2,695,994 4. Shared power to dispose or direct the disposition: 0 I. HAT Fund 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 0 J. HAT Fund II 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 0 K. Hill Path GP 1. Sole power to vote or direct vote: 7,395,428 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 7,395,428 4. Shared power to dispose or direct the disposition: 0 L. Hill Path E GP 1. Sole power to vote or direct vote: 6,511,978 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 6,511,978 4. Shared power to dispose or direct the disposition: 0 M. Hill Path S GP 1. Sole power to vote or direct vote: 83,900 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 83,900 4. Shared power to dispose or direct the disposition: 0 N. HE GP 1. Sole power to vote or direct vote: 10,518,006 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 10,518,006 4. Shared power to dispose or direct the disposition: 0 O. HM GP 1. Sole power to vote or direct vote: 2,695,994 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 2,695,994 4. Shared power to dispose or direct the disposition: 0 P. Hill Path Investment Holdings 1. Sole power to vote or direct vote: 27,205,306 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 27,205,306 4. Shared power to dispose or direct the disposition: 0 Q. Hill Path 1. Sole power to vote or direct vote: 27,205,306 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 27,205,306 4. Shared power to dispose or direct the disposition: 0 R. Hill Path Holdings 1. Sole power to vote or direct vote: 27,205,306 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 27,205,306 4. Shared power to dispose or direct the disposition: 0 S. Mr. Ross 1. Sole power to vote or direct vote: 27,279,661 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 27,279,661 4. Shared power to dispose or direct the disposition: 0 T. Mr. Chambers 1. Sole power to vote or direct vote: 28,877 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 28,877 4. Shared power to dispose or direct the disposition: 0 U. Ms. Dalal 1. Sole power to vote or direct vote: 0 2. Shared power to vote or direct vote: 0 3. Sole power to dispose or direct the disposition: 0 4. Shared power to dispose or direct the disposition: 0 Item 5(c) is hereby amended and restated to read as follows: Other than as set forth in Item 6, the Reporting Persons have not entered into any transactions in the securities of the Issuer during the past sixty days. Item 6 is hereby amended to add the following: On March 31, 2026, Mr. Ross was granted 2,751 restricted stock units ("RSUs") pursuant to the Issuer's 2025 Omnibus Incentive Plan (the "Incentive Plan"), which vested immediately, and Mr. Chambers was granted 1,659 RSUs pursuant to the Incentive Plan, which vested immediately. Hill Path Capital Partners LP /s/ Scott Ross 05/13/2026 Hill Path Capital Co-Investment Partners LP /s/ Scott Ross 05/13/2026 Hill Path Capital Partners-H LP /s/ Scott Ross 05/13/2026 Hill Path Capital Partners Co-Investment E LP /s/ Scott Ross 05/13/2026 Hill Path Capital Partners Co-Investment E2 LP /s/ Scott Ross 05/13/2026 Hill Path Capital Partners Co-Investment S LP /s/ Scott Ross 05/13/2026 HEP Fund LP /s/ Scott Ross 05/13/2026 HM Fund LP /s/ Scott Ross 05/13/2026 HAT Fund LP /s/ Scott Ross 05/13/2026 HAT Fund II LP /s/ Scott Ross 05/13/2026 Hill Path Capital Partners GP LLC /s/ Scott Ross 05/13/2026 Hill Path Capital Partners E GP LLC /s/ Scott Ross 05/13/2026 Hill Path Capital Partners S GP LLC /s/ Scott Ross 05/13/2026 HE GP LLC /s/ Scott Ross 05/13/2026 HM GP LLC /s/ Scott Ross 05/13/2026 Hill Path Investment Holdings LLC /s/ Scott Ross 05/13/2026 Hill Path Capital LP /s/ Scott Ross 05/13/2026 Hill Path Holdings LLC /s/ Scott Ross 05/13/2026 ROSS SCOTT I /s/ Scott Ross 05/13/2026 CHAMBERS JAMES P. /s/ James P. Chambers 05/13/2026 Dalal Aayushi /s/ Aayushi Dalal 05/13/2026