Alex Rose - 28 Feb 2025 Form 4 Insider Report for ASHFORD HOSPITALITY TRUST INC (AHT)

Role: Exec. VP, GC and Secretary
Signature: /s/ Alex Rose
Issuer symbol: AHT
Transactions as of: 28 Feb 2025
Net transactions value: -$4,691
Form type: 4
Filing time: 04 Mar 2025, 16:37:36 UTC
Previous filing: 28 Feb 2025
Next filing: 03 Sep 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AHT	Common Stock	Options Exercise		+2,337			2,337	28 Feb 2025	Direct	F1
transaction	AHT	Common Stock	Tax liability	$4,691	-570	-24%	$8.23	1,767	28 Feb 2025	Direct	F2, F3

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	AHT	Performance Stock Units (2022)	Disposed to Issuer		-1,099	-32%		2,337	28 Feb 2025	Common Stock	2,337	$0.000000	Direct	F1, F5, F6
transaction	AHT	Performance Stock Units (2022)	Options Exercise		-2,337	-100%		0	28 Feb 2025	Common Stock	0	$0.000000	Direct	F1, F6
holding	AHT	Performance Stock Units (2023)						3,330	28 Feb 2025	Common Stock	3,330	$0.000000	Direct	F1, F4

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

Explanation of Responses:

Id	Content
F1	Each performance stock unit ("Performance Stock Unit") award represents a right to receive between 0% and 250% of the target number of Performance Stock Units reflected in the table.
F2	Represents shares of common stock forfeited to the Issuer to satisfy certain tax-withholding obligations of the Reporting Person arising as a result of the award of dividend equivalent rights and the vesting of Performance Stock Units, restricted stock and common stock held by the Reporting Person.
F3	Represents the closing price of the common stock on February 27, 2025, the last trading day before the date of forfeiture.
F4	Represents the target number of common stock shares that may be issued pursuant to the award of Performance Stock Units. The actual number of shares of common stock to be issued upon vesting can range from 0% to 250% of the target number of Performance Stock Units reported, based on achievement of specified relative and total stockholder returns of the Issuer. Assuming continued service through the vesting date and achievement of the specified relative and total stockholder returns, the Performance Stock Units, as adjusted, will generally vest on December 31, 2025.
F5	Represents 1,099 Performance Stock Units that were forfeited due to certain performance criteria of the 2022 Performance Stock Unit award not being met.
F6	Represents the target number of common stock shares that may be issued pursuant to the award of Performance Stock Units. The actual number of shares of common stock to be issued upon vesting can range from 0% to 250% of the target number of Performance Stock Units reported, based on achievement of specified relative and total stockholder returns of the Issuer. Assuming continued service through the vesting date and achievement of the specified relative and total stockholder returns, the Performance Stock Units, as adjusted, will generally vest on December 31, 2024.