Blackwells Capital LLC - Nov 11, 2025 SCHEDULE 13D Report for Braemar Hotels & Resorts Inc. Common Stock, $0.01 par value per share (BHR)

Filing Manager
Blackwells Capital LLC
Reporting Manager
Jason Aintabi
Security
Braemar Hotels & Resorts Inc. Common Stock, $0.01 par value per share
Symbol
BHR
Shares outstanding
68.4M shares
Disclosed Ownership
3.97M shares
Ownership
5.8%
Form type
SCHEDULE 13D
Date filed
11/18/2025, 04:05 PM
Date of event
Nov 11, 2025
SEC
View on sec.gov

Reporting Managers (6)

Name Ownership Shares Owned sole voting power shared voting power Signature Title CIK
Blackwells Capital LLC 1.4% 970K 0 970K /s/ Jason Aintabi Jason Aintabi, as Chief Investment Officer of Blackwells Capital LLC 0001720183
Jason Aintabi 5.8% 3.97M 0 3.97M /s/ Jason Aintabi Jason Aintabi
BW Coinvest Management I LLC 4.4% 3M 0 3M /s/ Jason Aintabi Jason Aintabi, as President & Secretary of BW Coinvest Management I LLC
Blackwells Asset Management LLC 4.4% 3M 0 3M /s/ Jason Aintabi Jason Aintabi, as Chief Executive Officer, President and Secretary of Blackwells Asset Management LLC
Vandewater Capital Holdings, LLC 5.8% 3.97M 0 3.97M /s/ Jason Aintabi Jason Aintabi, as President and Secretary of Vandewater Capital Holdings, LLC
Blackwells Holding Co. LLC 5.8% 3.97M 0 3.97M /s/ Jason Aintabi Jason Aintabi, as Chief Executive Officer, President and Secretary of Blackwells Holding Co. LLC