Company: BHR-PD
Filing Date: 2025-04-29
Form Type: 10-K/A
Source: 0001574085-25-000040
Chunk: 36

Company: Braemar Hotels & Resorts Inc.
Filing Date: 2025-04-29
Form: 10-K/A
Chunk 36
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 |     | *                   |     |                                           |      — |     | *                |     |                                           | — |     | *                |
| Matthew D. Rinaldi                                           |     |                                              |   106,689 |     |    |     | *                   |     |                                           |  4,444 |     | *                |     |                                           | — |     | *                |
| Jay H. Shah                                                  |     |                                              |         — |     |    |     | *                   |     |                                           |      — |     | *                |     |                                           | — |     | *                |
| All directors and executive officers as a group (11 persons) |     |                                              | 2,263,491 |     |    |     | 3.3%                |     |                                           | 51,307 |     | *                |     |                                           | — |     | *                |

* Denotes less than 1.0%

(1) Ownership includes common units of Braemar OP issued in connection with our spin-oﬀ from Ashford Trust in November 2013. Beginning one year from the issuance date, such common units issued are redeemable by the holder for cash or, at our option, shares of our common stock on a one-for-one basis. Assumes that all common units of our operating partnership held by such person or group of persons are redeemed for common stock (regardless of when such units are redeemable). The number includes LTIP units in our operating partnership that have achieved economic parity with the common units as of March 31, 2025 but excludes any LTIP units (including Performance LTIPs) issued subsequent to March 31, 2025 or that have not yet achieved economic parity or PSUs, LTIP units or Performance LTIPs that have not yet vested. All LTIP units that have achieved economic parity with the common units are, subject to certain time-based and/or performance-based vesting requirements, convertible into common units, which may be redeemed for either cash or, at our sole discretion, up to one share of our common stock. Ownership does not include shares of our Series C Preferred Stock, none of which have been issued. The Company has no immediate plans to issue any Series C Preferred Stock.

(2) In computing the percentage ownership of a person or group, we have assumed that the common units of Braemar OP held by that person or the persons in the group have been redeemed for shares