Alex Rose - 18 Oct 2024 Form 4 Insider Report for Ashford Inc.

Role
Exec. VP, GC and Secretary
Signature
/s/ Alex Rose
Issuer symbol
N/A
Transactions as of
18 Oct 2024
Net transactions value
$0
Form type
4
Filing time
22 Oct 2024, 16:59:42 UTC
Previous filing
26 Mar 2024
Next filing
01 Nov 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AINC Common Stock 32,648 18 Oct 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
transaction AINC Special Limited Partnership Units Award $0 +40,000 $0.000000 40,000 18 Oct 2024 Common Stock 40,000 $0.000000 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person received the LTIP Units pursuant to a grant from the Issuer under the Issuer's 2014 Incentive Plan, as amended (the "Plan") and such LTIP Units are fully vested.
F2 Vested LTIP Units, upon achieving parity with the common limited partnership units of Ashford Hospitality Holdings LLC (the "Common Units"), are convertible into Common Units at the option of the Reporting Person. See Footnote 3 discussing the convertibility of Common Units.
F3 Neither the LTIP Units nor Common Units have an expiration date. 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.