J. Robison Hays III - 07 Jul 2022 Form 4 Insider Report for Ashford Inc.

Role
Senior Managing Director
Signature
/s/ J. Robison Hays, III
Issuer symbol
N/A
Transactions as of
07 Jul 2022
Net transactions value
$0
Form type
4
Filing time
08 Jul 2022, 18:39:28 UTC
Previous filing
18 May 2022
Next filing
07 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AINC Common Stock 103,102 07 Jul 2022 Direct

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 AINC Class 2 LTIP Units Disposed to Issuer $0 -30,000 -100% $0.000000* 0 07 Jul 2022 Common Stock 0 $85.97 Direct F1
transaction AINC Class 2 LTIP Units Award $0 +30,000 $0.000000 30,000 07 Jul 2022 Common Stock 30,000 $85.97 Direct F1
holding AINC Class 2 LTIP Units 35,000 07 Jul 2022 Common Stock 35,000 $61.12 Direct
holding AINC Class 2 LTIP Units 27,451 07 Jul 2022 Common Stock 27,451 $94.96 Direct
holding AINC Class 2 LTIP Units 17,500 07 Jul 2022 Common Stock 17,500 $57.71 Direct
holding AINC Class 2 LTIP Units 17,500 07 Jul 2022 Common Stock 17,500 $57.34 Direct
holding AINC Class 2 LTIP Units 35,000 07 Jul 2022 Common Stock 35,000 $45.59 Direct
holding AINC Common Units 77 07 Jul 2022 Common Stock 77 $0.000000 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported transaction involves an amendment of outstanding Class 2 Long-Term Incentive Partnership Units ("LTIP 2") in Ashford Hospitality Holdings LLC originally granted on December 11, 2014 (the "Former Award"), resulting in the deemed cancellation of the Former Award and the grant of replacement LTIP 2s.
F2 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.