X0202 SCHEDULE 13D/A 0001765296 XXXXXXXX LIVE 12 Common Stock 07/23/2026 false 0001574085 10482B101 Braemar Hotels & Resorts Inc.

14185 DALLAS PARKWAY SUITE 1100 DALLAS TX 75254

Mark Crockwell 1 441 298 8104 5B Waterloo Lane Pembroke D0 HM 08 0001765296 N Al Shams Investments LTD AF N D0 0.00 6513000.00 0.00 6513000.00 6513000.00 N 9.55 CO Y Wafic Rida Said PF N Z4 0.00 6513000.00 0.00 6513000.00 6513000.00 N 9.55 IN Common Stock Braemar Hotels & Resorts Inc. 14185 DALLAS PARKWAY SUITE 1100 DALLAS TX 75254 Item 4 is hereby amended to add the following: On July 23, 2026, the Reporting Persons issued a press release (the "July 23, 2026 press release"), which included a statement from Wafic Rida Said regarding the Issuer's recent statements about the Reporting Persons and Mr. Said. The foregoing summary of the July 23, 2026 press release does not purport to be complete and is subject to, and qualified in its entirety by, the July 23, 2026 press release, a copy of which is attached here as Exhibit 11 and incorporated herein by reference. Press Release, issued July 23, 2026 Al Shams Investments LTD /s/ Mark Crockwell 07/23/2026 Wafic Rida Said /s/ Mark Crockwell 07/23/2026