Company: BHR-PD
Filing Date: 2025-04-29
Form Type: 10-K/A
Source: 0001574085-25-000040
Chunk: 37

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-04-29
Form: 10-K/A
Chunk 37
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 of our common stock and the LTIP units held by that person or the persons in the group that have achieved economic parity with the common units are redeemed for common stock and that those shares are outstanding but that no common units or LTIP units held by other persons are redeemed for shares of our common stock.

(3) Includes 246,954 common units held directly by Ashford Financial Corporation, 50% of which is owned by Mr. Bennett. Mr. Bennett disclaims beneficial ownership in excess of his pecuniary interest in such common units.

(4) Ms. Kellie Sirna was appointed to the Board effective April 1, 2025; accordingly, she is not included in the table above.

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#### Security Ownership of Certain Beneficial Owners
The following table sets forth information as of March 31, 2025 regarding the ownership of our equity securities by the persons known to Braemar to be the beneficial owners of five percent or more of our common stock, our Series E Preferred Stock or Series M Preferred Stock, by virtue of the filing of a Schedule 13D or Schedule 13G with the SEC. To our knowledge, other than as set forth in the table below, there are no persons owning more than five percent of any class of Braemar's common stock.

|                                      |     | Common Stock                                 |     |                  |     | Series E Preferred Stock                  |     |                  |     | Series M Preferred Stock                  |     |                  |
| Name and Address of Beneficial Owner |     | Amount and Nature of Beneficial Ownership(1) |     | Percent of Class |     | Amount and Nature of Beneficial Ownership |     | Percent of Class |     | Amount and Nature of Beneficial Ownership |     | Percent of Class |
| Al Sham Investments Limited          |     | 6,513,000(2)                                 |     | 9.7%             |     | —                                         |     | *                |     | —                                         |     | *                |
| Zazove Associates, LLC               |     | 6,258,342(3)                                 |     | 9.3%             |     | —                                         |     | *                |     | —                                         |     | *                |
| BlackRock, Inc.                      |     | 5,672,006(4)                                 |     | 8.5%             |     | —                                         |     | *                |