| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| holding | AINC | Common Stock | 267,519 | 18 Oct 2024 | Direct | ||||||
| holding | AINC | Common Stock | 332,927 | 18 Oct 2024 | By MJB Investments LP | ||||||
| holding | AINC | Common Stock | 62,116 | 18 Oct 2024 | By Dartmore LP | ||||||
| holding | AINC | Common Stock | 12,351 | 18 Oct 2024 | By Reserve, LP IV | ||||||
| holding | AINC | Common Stock | 10,598 | 18 Oct 2024 | By Ashford Financial Corporation |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | AINC | Special Limited Partnership Units (2024) | Award | $0 | +100,000 | $0.000000 | 100,000 | 18 Oct 2024 | Common Stock | 100,000 | $0.000000 | Texas Yarrow LLC - 2024 PS | F1, F3, F4 | |
| holding | AINC | Special Limited Partnership Units (2024) | 37,640 | 18 Oct 2024 | Common Stock | 37,640 | $0.000000 | Texas Yarrow LLC - 2024 PS | F2, F3, F4 | |||||
| holding | AINC | Special Limited Partnership Units (2023) | 41,174 | 18 Oct 2024 | Common Stock | 41,174 | $0.000000 | Texas Yarrow LLC - 2023 PS | F2, F3, F4 | |||||
| holding | AINC | Special Limited Partnership Units (2022) | 38,853 | 18 Oct 2024 | Common Stock | 38,853 | $0.000000 | Texas Yarrow LLC - 2022 PS | F2, F3, F4 | |||||
| holding | AINC | Class 2 LTIP Units | 100,000 | 18 Oct 2024 | Common Stock | 100,000 | $45.59 | Texas Yarrow LLC - 2021 PS | ||||||
| holding | AINC | Class 2 LTIP Units | 50,000 | 18 Oct 2024 | Common Stock | 50,000 | $57.71 | Texas Yarrow LLC - 2021 PS | ||||||
| holding | AINC | Class 2 LTIP Units | 50,000 | 18 Oct 2024 | Common Stock | 50,000 | $57.34 | Texas Yarrow LLC - 2021 PS | ||||||
| holding | AINC | Class 2 LTIP Units | 48,170 | 18 Oct 2024 | Common Stock | 48,170 | $45.00 | Texas Yarrow LLC - 2022 PS | F5 | |||||
| holding | AINC | Class 2 LTIP Units | 90,000 | 18 Oct 2024 | Common Stock | 90,000 | $61.12 | Texas Yarrow LLC - 2022 PS | ||||||
| holding | AINC | Class 2 LTIP Units | 60,000 | 18 Oct 2024 | Common Stock | 60,000 | $85.97 | Texas Yarrow LLC - 2022 PS | ||||||
| holding | AINC | Stock Options (right to purchase) | 77,206 | 18 Oct 2024 | Common Stock | 77,206 | $94.96 | Direct | ||||||
| holding | AINC | Stock Options (right to purchase) | 35,000 | 18 Oct 2024 | Common Stock | 35,000 | $85.97 | By MJB Operating, LP | ||||||
| holding | AINC | Series D Convertible Preferred Stock | 9,047,300 | 18 Oct 2024 | Common Stock | 2,082,481 | $0.2100 | By MJB Investments LP | F6 | |||||
| holding | AINC | Series D Convertible Preferred Stock | 80,000 | 18 Oct 2024 | Common Stock | 18,414 | $0.2100 | By Trust | F7, F8 | |||||
| holding | AINC | Series D Convertible Preferred Stock | 152,000 | 18 Oct 2024 | Common Stock | 34,987 | $0.2100 | Direct | F9 | |||||
| holding | AINC | Common Units | 143 | 18 Oct 2024 | Common Units | 143 | $0.000000 | By MJB Operating, LP | F10 | |||||
| holding | AINC | Common Units | 502 | 18 Oct 2024 | Common Units | 502 | $0.000000 | By Dartmore LP | F10 | |||||
| holding | AINC | Common Units | 36 | 18 Oct 2024 | Common Units | 36 | $0.000000 | By MJB Investments LP | F10 | |||||
| holding | AINC | Common Units | 109 | 18 Oct 2024 | Common Units | 109 | $0.000000 | By Reserve, LP IV | F10 | |||||
| holding | AINC | Common Units | 79 | 18 Oct 2024 | Common Units | 79 | $0.000000 | By Reserve, LP III | F10 | |||||
| holding | AINC | Common Units | 93 | 18 Oct 2024 | Common Units | 93 | $0.000000 | By Ashford Financial Corporation | F10 | |||||
| holding | AINC | Stock Units under Deferred Compensation Plan | 195,579 | 18 Oct 2024 | Common Stock | 195,579 | Bennett Family Trust | F11 |
| 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 | The Reporting Person received the LTIP Units pursuant to a grant from the Issuer under the Plan. Such shares vest in three (3) substantially equal installments on the first three (3) anniversaries following the date of grant. |
| F3 | Vested LTIP Units, upon achieving parity with Common Units (as defined below), are convertible into Common Units at the option of the Reporting Person. See Footnote 10 discussing the convertibility of Common Units. |
| F4 | Neither the LTIP Units nor the Common Units have an expiration date. |
| F5 | Class 2 Long-Term Incentive Partnership Units ("LTIP 2") in Ashford Hospitality Holdings LLC ("AHH") granted under the Plan. The LTIP 2s will vest on March 15, 2025, the third anniversary of the grant date on March 15, 2022. Each vested LTIP 2 can convert into a number of common limited partnership units of AHH ("Common Units"), based on the appreciation in a share of the Issuer's common stock over the issue price, but a vested LTIP 2 may only be so converted prior to the final conversion date of such LTIP 2. |
| F6 | Such 9,047,300 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 2,082,481 shares of the Issuer's common stock (including 157,523 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 (the "Conversion Ratio"). |
| F7 | In connection with the transactions contemplated by the Combination Agreement, dated May 31, 2019, as amended (the "Combination Agreement"), among the Issuer, the Reporting Person, Archie Bennett, Jr., Remington Holdings, L.P., Remington Holdings GP, LLC, Project Management LLC, MJB Investments, L.P., Jeremy Welter, James L. Cowen, Ashford Nevada Holding Corp. and Ashford Merger Sub Inc., the 80,000 shares of Series B Convertible Preferred Stock beneficially owned by a trust for the benefit of one of the Reporting Person's minor children were converted on a one-for-one basis into 80,000 shares of Series D Convertible Preferred Stock. |
| F8 | Such 80,000 shares 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 18,414 shares of the Issuer's common stock (including 1,393 of the Issuer's common stock in connection with the potential conversion of all unpaid accrued and accumulated dividends thereon) at the Conversion Ratio. |
| F9 | In connection with the transactions contemplated by the Combination Agreement, the Reporting Person received 152,000 shares of Series D Convertible Preferred Stock. Such 152,000 shares 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 34,987 shares of the Issuer's common stock (including 2,646 of the Issuer's common stock in connection with the potential conversion of all unpaid accrued and accumulated dividends thereon) at the Conversion Ratio. |
| F10 | Common Units in AHH, the Issuer's operating subsidiary, owned by the Reporting Person. 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. The Common Units have no expiration date. |
| F11 | Each Stock Unit entitles the Reporting Person to receive one share of the Issuer's common stock on the date (or dates) elected by the Reporting Person under the Ashford Inc. Amended and Restated Nonqualified Deferred Compensation Plan (originally adopted by Ashford Hospitality Trust, Inc., effective January 1, 2008) assumed by the Issuer, effective November 12, 2014. |