Ashish K. Kulkarni - May 6, 2025 Form 4 Insider Report for ASHLAND INC. (ASH)

Role: Director
Signature: /s/ Serena S. Kenost, Attorney-in-Fact for Ashish K. Kulkarni
Stock symbol: ASH
Transactions as of: May 6, 2025
Transactions value $: $0
Form type: 4
Date filed: 5/8/2025, 04:30 PM
Previous filing: Jan 23, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Kulkarni Ashish K	Director	8145 BLAZER DRIVE, WILMINGTON	/s/ Serena S. Kenost, Attorney-in-Fact for Ashish K. Kulkarni	2025-05-08	0002022490

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ASH	Common Stock	Options Exercise	$0	+1.03K		$0.00	1.03K	May 6, 2025	Direct	F1

Showing 1 to 1 of 1 entries

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ASH	Restricted Stock Units	Options Exercise	$0	-1.03K	-100%	$0.00	0	May 6, 2025	Common Stock	1.03K		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents May 6, 2025 vesting of 1,010 restricted stock units granted on May 6, 2024, pursuant to Ashland's Omnibus Incentive Plan. Each unit represents the right to acquire one share of Common Stock. Balance includes additional Restricted Stock Units acquired in lieu of cash dividends.