Vaziri Abteen 4
4 · Braemar Hotels & Resorts Inc. · Filed Nov 4, 2022
Insider Transaction Report
Form 4
Vaziri Abteen
Director
Transactions
- Purchase
Common Stock
2022-11-03$3.88/sh+10,000$38,800→ 13,333 total
Holdings
- 17,248
LTIP Units
Exercise: $0.00→ Common Stock - 34,928
Common Partnership Units
Exercise: $0.00→ Common Stock
Footnotes (3)
- [F1]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 4 discussing the convertibility of Common Partnership Units.
- [F2]Neither the Common Partnership Units nor vested LTIP Units have an expiration date.
- [F3]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.