Deric S. Eubanks - 24 Feb 2026 Form 4 Insider Report for Braemar Hotels & Resorts Inc. (BHR)

Role: CFO and Treasurer
Signature: /s/ Deric S. Eubanks
Issuer symbol: BHR
Transactions as of: 24 Feb 2026
Net transactions value: $0
Form type: 4
Filing time: 26 Feb 2026, 18:30:37 UTC
Previous filing: 03 Sep 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Eubanks Deric S	CFO and Treasurer	14185 DALLAS PARKWAY, SUITE 1200, DALLAS	/s/ Deric S. Eubanks	26 Feb 2026	0001608195

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	BHR	Common Stock						289,999	24 Feb 2026	Direct
holding	BHR	Common Stock						533	24 Feb 2026	By spouse's IRA

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	BHR	Performance Stock Units (2023)	Disposed to Issuer		-88,747	-100%		0	24 Feb 2026	Common Stock	88,747	$0.000000	Direct	F1, F2
holding	BHR	Common Partnership Units						201,197	24 Feb 2026	Common Stock	201,197	$0.000000	Direct	F3, F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each performance stock unit ("Performance Stock Unit") award represented the right, upon achievement of certain specified performance-based vesting criteria, to receive up to two (2) shares of the Issuer's common stock.
F2	Represents 88,747 Performance Stock Units that were forfeited due to certain performance criteria of the 2023 Performance Stock Unit award not being met
F3	Reflects the aggregate number of Common Partnership Units currently held directly or indirectly, as noted, by the Reporting Person, some of which may have been converted from special long-term incentive partnership units ("LTIP Units") by the Reporting Person since the Reporting Person's most recent Form 4 or Form 5 filing. See Footnote 7 discussing the convertibility of the Common Partnership Units (as defined below).
F4	Common Limited Partnership Units of the Subsidiary ("Common Partnership Units"). Common Partnership Units are redeemable for cash or, at the option of the Issuer, redeemable for shares of the Issuer's common stock on a 1-for-1 basis.
F5	Neither the Common Partnership Units nor vested LTIP Units (including any LTIP Units awarded upon achievement of the specified performance criteria relating to vested performance LTIP Units) have an expiration date.