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

Reporting relationship: Chief Accounting Officer
Issuer ticker: BHR
Reported as of: 13 Jun 2025
Net transaction value: -$6,780
SEC form: 4
Accepted by SEC: 17 Jun 2025, 21:43:47 UTC
Prior SEC filing: 03 Jan 2025
Next SEC filing: 03 Sep 2025
Source filing: View source filing
Reporting owner signature: /s/ Justin Coe

Key filing fact

Justin Coe filed Form 4 for Braemar Hotels & Resorts Inc. (BHR) on 17 Jun 2025.

Key facts

This page summarizes Justin Coe's Form 4 filing for Braemar Hotels & Resorts Inc. (BHR).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 17 Jun 2025, 21:43.

Change

Previous filing in this sequence was filed on 03 Jan 2025.
Current net transaction value: -$6,780.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0002004625 Primary reporting owner

Coe Justin

Relationship: Chief Accounting Officer
Address: 14185 DALLAS PARKWAY, SUITE 1200, DALLAS
Signature: /s/ Justin Coe
Signature date: 17 Jun 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BHR transaction

Common Stock

Award

Transaction value: $0
Shares: +11,182
Change %: +1842%
Price: $0.000000
Shares after: 11,789
Date: 13 Jun 2025
Ownership: Direct
Footnotes: F1

BHR transaction

Common Stock

Tax liability

Transaction value: $6,780
Shares: -2,723
Change %: -23%
Price: $2.49
Shares after: 9,066
Date: 13 Jun 2025
Ownership: Direct
Footnotes: F4, F5

BHR holding

Series E Redeemable Preferred Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 1,111
Date: 13 Jun 2025
Ownership: Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

BHR transaction Derivative

LTIP Units

Disposed to Issuer

Transaction value: $0
Shares: -11,182
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 13 Jun 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 11,182
Exercise price
Footnotes: F1, F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote 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.

Footnote F2

Represented special long-term incentive partnership units (the "LTIP Units") in Braemar Hospitality Limited Partnership, the Issuer's operating subsidiary (the "Subsidiary"). Such LTIP Units have been combined herein solely for reporting purposes. Vested LTIP Units, upon achieving parity with the Common Limited Partnership Units ("Common Partnership Units") of the Subsidiary, were convertible into Common Partnership Units at the option of the Reporting Person.

Footnote F3

Neither the Common Partnership Units nor vested LTIP Units had an expiration date.

Footnote F4

Represents shares of common stock forfeited to the Issuer to satisfy certain tax-withholding obligations of the Reporting Person arising as a result of the vesting of restricted stock held by the Reporting Person.

Footnote F5

Represents the closing price of the common stock on June 12, 2025, the last trading day before the date of forfeiture.