Mary Candace Evans - 17 Nov 2022 Form 4 Insider Report for Braemar Hotels & Resorts Inc. (BHR)

Role
Director
Signature
/s/ Candace Evans
Issuer symbol
BHR
Transactions as of
17 Nov 2022
Net transactions value
+$9,989
Form type
4
Filing time
18 Nov 2022, 15:17:02 UTC
Previous filing
13 May 2022
Next filing
12 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BHR Common Stock Purchase $7,641 +2,105 +187% $3.63 3,230 17 Nov 2022 Direct
transaction BHR Common Stock Purchase $2,348 +645 +20% $3.64 3,875 17 Nov 2022 Direct
holding BHR Series E Redeemable Preferred Stock 1,097 17 Nov 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 46,716 17 Nov 2022 Common Stock $0.000000 Direct F1, F2
* 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. 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.
F2 The LTIP Units have no expiration date.