Alex Rose - Oct 18, 2024 Form 4 Insider Report for Ashford Inc. (AINC)

Role
Exec. VP, GC and Secretary
Signature
/s/ Alex Rose
Stock symbol
AINC
Transactions as of
Oct 18, 2024
Transactions value $
$0
Form type
4
Date filed
10/22/2024, 04:59 PM
Previous filing
Mar 26, 2024
Next filing
Nov 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AINC Common Stock 32.6K Oct 18, 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 +40K $0.00 40K Oct 18, 2024 Common Stock 40K $0.00 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.