Blackwells Capital LLC - 23 Dec 2025 SCHEDULE 13D/A 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
68,623,188 shares
Disclosed Ownership
4,735,000 shares
Ownership
6.9%
Form type
SCHEDULE 13D/A
Filing time
23 Dec 2025, 18:17:48 UTC
Date of event
23 Dec 2025
Previous filing
18 Nov 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 2.5% 1,735,000 0 1,735,000 /s/ Jason Aintabi Jason Aintabi, as Chief Investment Officer of Blackwells Capital LLC 0001720183
Jason Aintabi 6.9% 4,735,000 0 4,735,000 /s/ Jason Aintabi Jason Aintabi
BW Coinvest Management I LLC 4.4% 3,000,000 0 3,000,000 /s/ Jason Aintabi Jason Aintabi, as President & Secretary of BW Coinvest Management I LLC
Blackwells Asset Management LLC 4.4% 3,000,000 0 3,000,000 /s/ Jason Aintabi Jason Aintabi, as Chief Executive Officer, President and Secretary of Blackwells Asset Management LLC
Vandewater Capital Holdings, LLC 6.9% 4,735,000 0 4,735,000 /s/ Jason Aintabi Jason Aintabi, as President and Secretary of Vandewater Capital Holdings, LLC
Blackwells Holding Co. LLC 6.9% 4,735,000 0 4,735,000 /s/ Jason Aintabi Jason Aintabi, as Chief Executive Officer, President and Secretary of Blackwells Holding Co. LLC