Vaziri Abteen 4
4 · Braemar Hotels & Resorts Inc. · Filed Dec 5, 2024
Insider Transaction Report
Form 4
Vaziri Abteen
Director
Transactions
- Sale
Common Stock
2024-11-13$3.76/sh−1,782$6,700→ 10,230 total
Holdings
- 47,098
LTIP Units
Exercise: $0.00→ Common Stock - 34,928
Common Partnership Units
Exercise: $0.00→ Common Stock
Footnotes (5)
- [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 3 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.
- [F4]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.
- [F5]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.