W. Michael Murphy - May 21, 2024 Form 4 Insider Report for Ashford Inc. (AINC)

Role: Director
Signature: /s/ W. Michael Murphy
Stock symbol: AINC
Transactions as of: May 21, 2024
Transactions value $: $0
Form type: 4
Date filed: 5/23/2024, 04:16 PM
Previous filing: May 16, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AINC	Common Stock	Award	$0	+6K	+14.35%	$0.00	47.8K	May 21, 2024	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents 6,000 Deferred Stock Units issued to the Reporting Person as an annual equity grant from the Issuer under the Issuer's 2014 Incentive Plan. Each Deferred Stock Unit is fully vested and convertible into 1 share of the Issuer's common stock upon the earlier to occur of the Reporting Person's separation from service or a change of control of the Issuer. The Reporting Person also owns 4,736 shares of the Issuer's common stock.

Content

Represents 6,000 Deferred Stock Units issued to the Reporting Person as an annual equity grant from the Issuer under the Issuer's 2014 Incentive Plan. Each Deferred Stock Unit is fully vested and convertible into 1 share of the Issuer's common stock upon the earlier to occur of the Reporting Person's separation from service or a change of control of the Issuer. The Reporting Person also owns 4,736 shares of the Issuer's common stock.