Kellie Sirna - 13 Jun 2025 Form 4 Insider Report for Braemar Hotels & Resorts Inc. (BHR)

Role
Director
Signature
/s/ Kellie Sirna
Issuer symbol
BHR
Transactions as of
13 Jun 2025
Net transactions value
$0
Form type
4
Filing time
17 Jun 2025, 21:46:54 UTC
Previous filing
11 Apr 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Sirna Kellie Director 14185 DALLAS PARKWAY, SUITE 1200, DALLAS /s/ Kellie Sirna 17 Jun 2025 0002064542

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BHR Common Stock Award $0 +1,799 $0.000000 1,799 13 Jun 2025 Direct F1

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 BHR LTIP Units Disposed to Issuer $0 -1,799 -100% $0.000000 0 13 Jun 2025 Common Stock 1,799 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 13, 2025, the Reporting Person entered into an Exchange Agreement (the "Exchange Agreement") with the Issuer pursuant to which the Reporting Person exchanged a number of vested LTIP Units (as defined below) for an equal number of shares of common stock in a Rule 16b-3 exempt transaction. No other consideration was involved in connection with the Exchange Agreement.
F2 Represented 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"), were convertible into Common Partnership Units at the option of the Reporting Person.
F3 Neither the Common Partnership Units nor vested LTIP Units had an expiration date.