Mark Nunneley - Jul 7, 2022 Form 4 Insider Report for Ashford Inc. (AINC)

Role
Chief Accounting Officer
Signature
/s/ Mark L. Nunneley
Stock symbol
AINC
Transactions as of
Jul 7, 2022
Transactions value $
$0
Form type
4
Date filed
7/8/2022, 06:43 PM
Previous filing
Apr 1, 2022
Next filing
Mar 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AINC Common Stock 50.6K Jul 7, 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 -30K -100% $0.00* 0 Jul 7, 2022 Common Stock 0 $85.97 Direct F1
transaction AINC Class 2 LTIP Units Award $0 +30K $0.00 30K Jul 7, 2022 Common Stock 30K $85.97 Direct F1
holding AINC Class 2 LTIP Units 20K Jul 7, 2022 Common Stock 20K $61.12 Direct
holding AINC Class 2 LTIP Units 16.3K Jul 7, 2022 Common Stock 16.3K $94.96 Direct
holding AINC Class 2 LTIP Units 10K Jul 7, 2022 Common Stock 10K $57.71 Direct
holding AINC Class 2 LTIP Units 10K Jul 7, 2022 Common Stock 10K $57.34 Direct
holding AINC Class 2 LTIP Units 20K Jul 7, 2022 Common Stock 20K $45.59 Direct
holding AINC Common Units 133 Jul 7, 2022 Common Stock 133 $0.00 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.