Form 4 for BHR Braemar Hotels & Resorts Inc.
Accepted 2025-06-17 00:00:00 ET · period of report 2025-06-13 · accession 0001104659-25-060393 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2025-06-17 | 2025-06-13 | BHR | Sirna Kellie | Dir | A - Grant | $0.00 | +1,799 | 1,799 | New | $0 |
| D | 2025-06-17 | 2025-06-13 | BHR | Sirna Kellie | Dir | D - Sale to Iss | $0.00 | -1,799 | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2025-06-13 | A | A | 1,799 | $0.00 | 1,799 | D | — | — | |
| 2 | Derivative | LTIP Units | 2025-06-13 | D | D | 1,799 | $0.00 | 0 | D | — · — to — | 1,799 Common Stock | (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. (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. (F3) Neither the Common Partnership Units nor vested LTIP Units had an expiration date. |