Deric S. Eubanks - Mar 11, 2022 Form 4 Insider Report for Ashford Inc. (AINC)

Role
CFO and Treasurer
Signature
/s/ Deric S. Eubanks
Stock symbol
AINC
Transactions as of
Mar 11, 2022
Transactions value $
-$36,015
Form type
4
Date filed
3/15/2022, 09:06 PM
Previous filing
Mar 2, 2022
Next filing
Dec 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AINC Common Stock Award $0 +17.2K +43.42% $0.00 56.8K Mar 15, 2022 Direct F1
transaction AINC Common Stock Tax liability -$36K -2.03K -4.87% $17.75 39.6K Mar 11, 2022 Direct F2, F3
holding AINC Common Stock 30 Mar 11, 2022 By spouse's IRA

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
holding AINC Stock Options (right to purchase) 35K Mar 11, 2022 Common Stock 35K $61.12 Direct
holding AINC Stock Options (right to purchase) 27.5K Mar 11, 2022 Common Stock 27.5K $94.96 Direct
holding AINC Stock Options (right to purchase) 17.5K Mar 11, 2022 Common Stock 17.5K $57.71 Direct
holding AINC Stock Options (right to purchase) 17.5K Mar 11, 2022 Common Stock 17.5K $57.34 Direct
holding AINC Stock Options (right to purchase) 35K Mar 11, 2022 Common Stock 35K $45.59 Direct
holding AINC Stock Options (right to purchase) 30K Mar 11, 2022 Common Stock 30K $85.97 Direct
holding AINC Common Units 27.8 Mar 11, 2022 Common Stock 27.8 $0.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person received the shares pursuant to a stock grant from the Issuer under the Issuer's 2014 Incentive Plan. Such shares vest in three (3) substantially equal installments on the first three (3) anniversaries following the date of grant.
F2 Represents shares of common stock forfeited to the Issuer to satisfy certain tax-withholding obligations of the Reporting Person arising as a result of the vesting of restricted stock held by the Reporting Person.
F3 Represents the closing price of the common stock on March 10, 2022, the last trading day before the date of forfeiture.
F4 Common units ("Common Units") in Ashford Hospitality Advisors LLC, the Issuer's operating subsidiary, owned by the Reporting Person. Common Units are redeemable for cash or, at the option of the Issuer, convertible into shares of the Issuer's common stock on a 1-for-1 basis. The Common Units have no expiration date.