X0202 SCHEDULE 13D/A 0001765296 XXXXXXXX LIVE 10 Common Stock 06/25/2026 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 On June 26, 2026, the Reporting Persons filed a Verified Petition for Rule 202 Discovery to Investigate Potential Claims pursuant to Texas Rule of Civil Procedure 202 in the District Court of Dallas County, Texas (the "Verified Petition"). The Verified Petition seeks testimony from witnesses concerning potential wrongdoing at the Issuer, including events and circumstances previously publicly criticized by the Reporting Persons. Al Shams Investments LTD /s/ Mark Crockwell 06/29/2026 Wafic Rida Said /s/ Mark Crockwell 06/29/2026