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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1574085	Braemar Hotels & Resorts Inc.	BHR	Real Estate Investment Trusts (6798)	462488594

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1716587	Abteen Vaziri	14185 Dallas Parkway Suite 1200 Dallas TX 75254		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2024-11-13	1,782	$3.76	10,230	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	LTIP Units	$0.00			0	47,098	Direct
Common Stock	Common Partnership Units	$0.00			0	34,928	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	0	47,098	Direct
	0	34,928	Direct

Footnotes

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 3 discussing the convertibility of Common Partnership Units.
Neither the Common Partnership Units nor vested LTIP Units have an expiration date.
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.
Reflects the aggregate number of Common Partnership Units currently held directly or indirectly, as noted, by the Reporting Person. See Footnote 3 discussing the convertibility of the Common Partnership Units.
These shares were sold by the reporting person's brokerage firm, without the knowledge of the reporting person, to meet margin requirements established by the brokerage firm. This Form 4 was filed as promptly as practicable following the reporting person's discovery that these shares had been sold.