Swaminathan Ashok Kalyana - Aug 3, 2022 Form 4 Insider Report for ASHLAND INC. (ASH)

Role: Sr VP & Gen Mgr, Life Sciences
Signature: /s/ Babatunde Awodiran, Attorney-in-Fact
Stock symbol: ASH
Transactions as of: Aug 3, 2022
Transactions value $: $18,654
Form type: 4
Date filed: 8/4/2022, 04:38 PM
Previous filing: Nov 23, 2021
Next filing: Dec 12, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ASH	Common Stock	Options Exercise	$27.2K	+270	+31.65%	$100.83	1.12K	Aug 3, 2022	Direct
transaction	ASH	Common Stock	Tax liability	-$8.57K	-85	-7.57%	$100.83	1.04K	Aug 3, 2022	Direct	F1

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	ASH	Restricted Stock Units	Options Exercise	$0	-270	-49.94%	$0.00	271	Aug 3, 2022	Common Stock	270		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	Payment of a tax liability by withholding securities incident to the vesting of Restricted Stock Units acquired pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3.
F2	Each Restricted Stock Unit (RSU) represents a right to receive one (1) share of Ashland Common Stock.
F3	Grant of Restricted Stock Units on August 3, 2020, pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3. The shares in this grant will vest in three equal annual installments beginning one year from the date of grant, provided that the Reporting Person remains in continuous employment with the Issuer.