J. Robison Hays III - Mar 13, 2023 Form 4 Insider Report for Ashford Inc. (AINC)

Role
Senior Managing Director
Signature
/s/ J. Robison Hays, III
Stock symbol
AINC
Transactions as of
Mar 13, 2023
Transactions value $
-$40,037
Form type
4
Date filed
3/15/2023, 04:27 PM
Previous filing
Mar 7, 2023
Next filing
Mar 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AINC Common Stock Tax liability -$40K -3.28K -2.73% $12.21 117K Mar 13, 2023 Direct F1, F2

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 Class 2 LTIP Units 35K Mar 13, 2023 Common Stock 35K $61.12 Direct
holding AINC Class 2 LTIP Units 27.5K Mar 13, 2023 Common Stock 27.5K $94.96 Direct
holding AINC Class 2 LTIP Units 17.5K Mar 13, 2023 Common Stock 17.5K $57.71 Direct
holding AINC Class 2 LTIP Units 17.5K Mar 13, 2023 Common Stock 17.5K $57.34 Direct
holding AINC Class 2 LTIP Units 35K Mar 13, 2023 Common Stock 35K $45.59 Direct
holding AINC Class 2 LTIP Units 30K Mar 13, 2023 Common Stock 30K $85.97 Direct
holding AINC Common Units 77.1 Mar 13, 2023 Common Stock 77.1 $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Represents the closing price of the common stock on March 10, 2023, the last trading day before the date of forfeiture.
F3 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.