Justin Coe - Jan 1, 2024 Form 3 Insider Report for ASHFORD HOSPITALITY TRUST INC (AHT)

Role
Chief Accounting Officer
Signature
/s/ Justin Coe
Stock symbol
AHT
Transactions as of
Jan 1, 2024
Transactions value $
$0
Form type
3
Date filed
1/5/2024, 04:23 PM
Next filing
Feb 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AHT Common Stock 45 Jan 1, 2024 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
holding AHT LTIP Units Jan 1, 2024 Common Stock 762 $0.00 Direct F1, F2, F3, F4
holding AHT Common Limited Partnership Units Jan 1, 2024 Common Stock 1.58K $0.00 Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"), subject to certain vesting criteria.
F2 The LTIP Units reported herein vest on March 15, 2024. Vested LTIP Units, upon achieving parity with the Common Units (as defined below), are convertible into Common Units at the option of the Reporting Person. See Footnote 5 discussing the convertibility of the Common Units.
F3 Neither the Common Units (as defined below) nor the LTIP Units have an expiration date.
F4 Represents unvested LTIP Units in the Subsidiary.
F5 "Common Units" are Common Limited Partnership Units of the Subsidiary and 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.