Mark A. Sharkey - 15 Oct 2024 Form 3 Insider Report for Ashford Inc.

Role: Director
Signature: /s/ Mark A. Sharkey
Issuer symbol: N/A
Transactions as of: 15 Oct 2024
Net transactions value: $0
Form type: 3
Filing time: 21 Oct 2024, 18:11:38 UTC
SEC: View on sec.gov

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	Series D Convertible Preferred Stock							15 Oct 2024	Common Stock	120,000	$0.2100	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Such 120,000 of Series D Convertible Preferred Stock have no expiration date and are convertible at any time and from time to time, in full or partially, into 27,620 shares of the Issuer's common stock (including 2,088 of the Issuer's common stock in connection with the potential conversion of all unpaid accrued and accumulated dividends thereon) at a conversion ratio equal to the liquidation preference of a share of Series D Convertible Preferred Stock, par value $25.00, divided by $117.50, subject to adjustment.

Content

Such 120,000 of Series D Convertible Preferred Stock have no expiration date and are convertible at any time and from time to time, in full or partially, into 27,620 shares of the Issuer's common stock (including 2,088 of the Issuer's common stock in connection with the potential conversion of all unpaid accrued and accumulated dividends thereon) at a conversion ratio equal to the liquidation preference of a share of Series D Convertible Preferred Stock, par value $25.00, divided by $117.50, subject to adjustment.