Abteen Vaziri - Nov 3, 2022 Form 4 Insider Report for Braemar Hotels & Resorts Inc. (BHR)

Role
Director
Signature
/s/ Abteen Vaziri
Stock symbol
BHR
Transactions as of
Nov 3, 2022
Transactions value $
$38,800
Form type
4
Date filed
11/4/2022, 04:16 PM
Previous filing
May 13, 2022
Next filing
May 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BHR Common Stock Purchase $38.8K +10K +300.03% $3.88 13.3K Nov 3, 2022 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
holding BHR LTIP Units 17.2K Nov 3, 2022 Common Stock $0.00 Direct F1, F2
holding BHR Common Partnership Units 34.9K Nov 3, 2022 Common Stock $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Fully vested special long-term incentive partnership units ("LTIP Units") in Braemar Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Limited Partnership Units of the Subsidiary ("Common Partnership Units"), are convertible into Common Partnership Units at the option of the Reporting Person. See Footnote 4 discussing the convertibility of Common Partnership Units.
F2 Neither the Common Partnership Units nor vested LTIP Units have an expiration date.
F3 Common Partnership Units are redeemable for cash or, at the option of the Issuer, convertible into shares of the Issuer's common stock on a 1-for-1 basis.