Monty J. Bennett - 24 Feb 2026 Form 4 Insider Report for ASHFORD HOSPITALITY TRUST INC (AHT)

Reporting relationship: Director
Issuer ticker: AHT
Reported as of: 24 Feb 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 26 Feb 2026, 18:13:21 UTC
Prior SEC filing: 03 Sep 2025
Source filing: View source filing
Reporting owner signature: /s/ Monty J. Bennett

Key filing fact

Monty J. Bennett filed Form 4 for ASHFORD HOSPITALITY TRUST INC (AHT) on 26 Feb 2026.

Key facts

This page summarizes Monty J. Bennett's Form 4 filing for ASHFORD HOSPITALITY TRUST INC (AHT).
5 reported transactions and 13 derivative rows are listed below.
Accepted by SEC: 26 Feb 2026, 18:13.

Change

Previous filing in this sequence was filed on 03 Sep 2025.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001260654 Primary reporting owner

Bennett Monty J

Relationship: Director
Address: 14185 DALLAS PARKWAY,, SUITE 1200, DALLAS
Signature: /s/ Monty J. Bennett
Signature date: 26 Feb 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

AHT transaction

Common Stock

Other

Transaction value
Shares: +471
Change %
Price
Shares after: 471
Date: 24 Feb 2026
Ownership: By Ashford Financial Corporation
Footnotes: F10, F11

AHT holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 385
Date: 24 Feb 2026
Ownership: Direct

AHT holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 761
Date: 24 Feb 2026
Ownership: By MJB Investments, LP

AHT holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 358
Date: 24 Feb 2026
Ownership: By Dartmore, LP

AHT holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 74
Date: 24 Feb 2026
Ownership: By Reserve, LP IV

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

AHT transaction Derivative

Performance LTIP Units (2023)

Disposed to Issuer

Transaction value
Shares: -20,174
Change %: -92%
Price
Shares after: 1,660
Date: 24 Feb 2026
Ownership: Texas Yarrow LLC - 2023 PS
Underlying class: Common Stock
Underlying amount: 1,660
Exercise price: $0.000000
Footnotes: F1, F2, F3

AHT transaction Derivative

Performance LTIP Units (2023)

Options Exercise

Transaction value
Shares: -1,660
Change %: -100%
Price
Shares after: 0
Date: 24 Feb 2026
Ownership: Texas Yarrow LLC - 2023 PS
Underlying class: Common Stock
Underlying amount: 0
Exercise price: $0.000000
Footnotes: F1

AHT transaction Derivative

Special Limited Partnership Units

Options Exercise

Transaction value: $0
Shares: +1,660
Change %
Price: $0.000000
Shares after: 1,660
Date: 24 Feb 2026
Ownership: Texas Yarrow LLC - 2023 PS
Underlying class: Common Stock
Underlying amount: 1,660
Exercise price: $0.000000
Footnotes: F4, F5, F7, F8

AHT transaction Derivative

Common Limited Partnership Units

Other

Transaction value
Shares: -472
Change %: -100%
Price
Shares after: 0
Date: 24 Feb 2026
Ownership: By Ashford Financial Corporation
Underlying class: Common Stock
Underlying amount: 472
Exercise price: $0.000000
Footnotes: F5, F7, F9, F10

AHT holding Derivative

Special Limited Partnership Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 13,085
Date: 24 Feb 2026
Ownership: Texas Yarrow LLC - 2022 PS
Underlying class: Common Stock
Underlying amount: 13,085
Exercise price: $0.000000
Footnotes: F4, F5, F6

AHT holding Derivative

Special Limited Partnership Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 8,550
Date: 24 Feb 2026
Ownership: Texas Yarrow LLC - 2021 PS
Underlying class: Common Stock
Underlying amount: 8,550
Exercise price: $0.000000
Footnotes: F4, F5, F6

AHT holding Derivative

Special Limited Partnership Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 200
Date: 24 Feb 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 200
Exercise price: $0.000000
Footnotes: F4, F5, F6

AHT holding Derivative

Special Limited Partnership Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 715
Date: 24 Feb 2026
Ownership: By MJB Operating, LP
Underlying class: Common Stock
Underlying amount: 715
Exercise price: $0.000000
Footnotes: F4, F5, F6

AHT holding Derivative

Common Limited Partnership Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 967
Date: 24 Feb 2026
Ownership: By MJB Operating, LP
Underlying class: Common Stock
Underlying amount: 967
Exercise price: $0.000000
Footnotes: F5, F7, F8

AHT holding Derivative

Common Limited Partnership Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,536
Date: 24 Feb 2026
Ownership: By Dartmore, LP
Underlying class: Common Stock
Underlying amount: 2,536
Exercise price: $0.000000
Footnotes: F5, F7, F8

AHT holding Derivative

Common Limited Partnership Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 177
Date: 24 Feb 2026
Ownership: By MJB Investments, LP
Underlying class: Common Stock
Underlying amount: 177
Exercise price: $0.000000
Footnotes: F5, F7, F8

AHT holding Derivative

Common Limited Partnership Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 550
Date: 24 Feb 2026
Ownership: By Reserve, LP IV
Underlying class: Common Stock
Underlying amount: 550
Exercise price: $0.000000
Footnotes: F5, F7, F8

AHT holding Derivative

Common Limited Partnership Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 397
Date: 24 Feb 2026
Ownership: By Reserve, LP III
Underlying class: Common Stock
Underlying amount: 397
Exercise price: $0.000000
Footnotes: F5, F7, F8

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 11 footnotes

Footnote F1

Each performance LTIP unit ("Performance LTIP Unit") award represented a special long-term incentive partnership unit ("LTIP Unit") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"), subject to specified performance-based vesting criteria.

Footnote F2

Represents the maximum number of LTIP Units that may vest pursuant to such award of Performance LTIP Units, which is 250% of the target number of LTIP Units. The actual number of Performance LTIP Units that may vest can range from 0% to 250% of the target number of Performance LTIP Units, 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 return, the Performance LTIP Units will generally vest on December 31, 2025 (with respect to the 2023 grant). Vested LTIP Units, upon achieving parity with the Common Units (as defined below), are convertible into Common Units at the option of the Reporting Person. See Footnote 7 discussing the convertibility of the Common Units.

Footnote F3

Represents 20,174.50 Performance LTIP Units that were forfeited due to certain performance criteria of the 2023 Performance LTIP Unit award not being met.

Footnote F4

Represents special long-term incentive partnership units ("LTIP Units") in Ashford Hospitality Limited Partnership, the Issuer's operating subsidiary ("Subsidiary"). Vested LTIP Units, upon achieving parity with the Common Units, are convertible into Common Units at the option of the Reporting Person. See Footnote 7 discussing the convertibility of the Common Units.

Footnote F5

Neither the Common Units nor the LTIP Units have an expiration date.

Footnote F6

Reflects the aggregate number of LTIP Units held directly or indirectly by the Reporting Person, and includes LTIP Units comprising awards previously granted to, and reported by, the Reporting Person. Such LTIP Units have different grant and vesting dates and include those which (i) may have achieved parity with the Common Units, (ii) have not yet achieved parity with the Common Units, (iii) are currently vested, or (iv) have not yet vested. Such LTIP Units have been combined herein solely for reporting purposes.

Footnote F7

Common Limited Partnership Units of the Subsidiary ("Common Units"). 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.

Footnote F8

Reflects the aggregate number of Common Units currently held directly or indirectly, as noted, by the Reporting Person, some of which may have been converted from LTIP Units by the Reporting Person since the Reporting Person's most recent Form 4 or Form 5 filing. See Footnote 7 discussing the convertibility of the Common Units.

Footnote F9

Represents Common Units redeemed by the Issuer on February 24, 2026 for 471 shares of the Issuer's common stock. Such transaction is further reflected in Table I above (see also footnote 10).

Footnote F10

Represents shares of common stock issued by the Issuer in connection with the Issuer's redemption of 471.6 Common Units of the Subsidiary. Such Common Units were redeemable, at the option of the Issuer, for 471 shares of the Issuer's common stock on a one-for-one basis, while rounding down fractional Common Units.

Footnote F11

Reflects only the Reporting Person's pecuniary interest in the shares of common stock held directly by Ashford Financial Corporation. The Reporting Person hereby disclaims any interest in all other securities of the Issuer held directly by Ashford Financial Corporation.