X0202 SCHEDULE 13D/A 0001765296 XXXXXXXX LIVE 13 Common Stock 09/08/2026 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 9.48 CO Based on 68,679,318 shares of common stock outstanding as of August 4, 2026, as disclosed in the Issuer's Quarterly Report on Form 10-Q. 0001769005 N Wafic Rida Said PF N Z4 0.00 6513000.00 0.00 6513000.00 6513000.00 N 9.48 IN Based on 68,679,318 shares of common stock outstanding as of August 4, 2026, as disclosed in the Issuer's Quarterly Report on Form 10-Q. Common Stock Braemar Hotels & Resorts Inc. 14185 DALLAS PARKWAY SUITE 1100 DALLAS TX 75254 Item 4 is hereby amended to add the following: On September 8, 2026, the Reporting Persons issued a press release regarding an open letter (the "September 8, 2026 Letter") to the Issuer's shareholders. In the September 8, 2026 Letter, the Reporting Persons reiterated their intent to nominate a slate of qualified and independent director nominees for election to the Issuer's Board at the 2026 Annual Meeting. The foregoing summary of the September 8, 2026 Letter does not purport to be complete and is subject to, and qualified in its entirety by, the September 8, 2026 Letter, a copy of which is attached here as Exhibit 12 and incorporated herein by reference. Press Release, issued on September 8, 2026 Al Shams Investments LTD /s/ Mark Crockwell 09/08/2026 Wafic Rida Said /s/ Mark Crockwell 09/08/2026