Guillermo Novo - 13 Nov 2025 Form 4 Insider Report for ASHLAND INC. (ASH)

Role
Chair of the Board and CEO, Director
Signature
/s/ Serena S. Kenost, Attorney-in-fact for Guillermo Novo
Issuer symbol
ASH
Transactions as of
13 Nov 2025
Net transactions value
+$551,881
Form type
4
Filing time
17 Nov 2025, 21:43:17 UTC
Previous filing
03 Oct 2025
Next filing
19 Nov 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
NOVO GUILLERMO Chair of the Board and CEO, Director 8145 BLAZER DRIVE, WILMINGTON /s/ Serena S. Kenost, Attorney-in-fact for Guillermo Novo 17 Nov 2025 0001434813

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASH Common Stock Options Exercise $479,440 +9,029 +7.1% $53.10 135,767 13 Nov 2025 Direct
transaction ASH Common Stock Tax liability $200,665 -3,779 -2.8% $53.10 131,988 13 Nov 2025 Direct F1
transaction ASH Common Stock Options Exercise $469,720 +9,119 +6.9% $51.51 141,107 14 Nov 2025 Direct
transaction ASH Common Stock Tax liability $196,614 -3,817 -2.7% $51.51 137,290 14 Nov 2025 Direct F1
holding ASH Common Stock 31,294 13 Nov 2025 By GMGN Novo Family Limited Partnershi

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 Unit Options Exercise $0 -9,029 -33% $0.000000 18,060 13 Nov 2025 Common Stock 9,029 Direct F2, F3, F4
transaction ASH Restricted Stock Unit Options Exercise $0 -9,119 -50% $0.000000 9,119 14 Nov 2025 Common Stock 9,118 Direct F2, F3, F4
* 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 upon vesting.
F3 Grant of Restricted Stock Units pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3. The shares in this grant vest in three equal installments beginning one year from the date of grant, provided that the Reporting Person remains in continuous employment with the Issuer.
F4 Balance includes additional Common Stock Units acquired in lieu of cash dividends.