Deric S. Eubanks - 07 Jul 2022 Form 4 Insider Report for Ashford Inc.

Role: CFO and Treasurer
Signature: /s/ Deric S. Eubanks
Issuer symbol: N/A
Transactions as of: 07 Jul 2022
Net transactions value: $0
Form type: 4
Filing time: 08 Jul 2022, 18:38:32 UTC
Previous filing: 19 Dec 2022
Next filing: 28 Dec 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	AINC	Common Stock						55,613	07 Jul 2022	Direct
holding	AINC	Common Stock						30	07 Jul 2022	By spouse's IRA

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	AINC	Stock Options (right to purchase)	Disposed to Issuer	$0	-30,000	-100%	$0.000000^*	0	07 Jul 2022	Common Stock	0	$85.97	Direct	F1
transaction	AINC	Stock Options (right to purchase)	Award	$0	+30,000		$0.000000	30,000	07 Jul 2022	Common Stock	30,000	$85.97	Direct	F1
holding	AINC	Stock Options (right to purchase)						35,000	07 Jul 2022	Common Stock	35,000	$61.12	Direct
holding	AINC	Stock Options (right to purchase)						27,451	07 Jul 2022	Common Stock	27,451	$94.96	Direct
holding	AINC	Stock Options (right to purchase)						17,500	07 Jul 2022	Common Stock	17,500	$57.71	Direct
holding	AINC	Stock Options (right to purchase)						17,500	07 Jul 2022	Common Stock	17,500	$57.34	Direct
holding	AINC	Stock Options (right to purchase)						35,000	07 Jul 2022	Common Stock	35,000	$45.59	Direct
holding	AINC	Common Units						28	07 Jul 2022	Common Stock	28	$0.000000	Direct	F2

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

Explanation of Responses:

Id	Content
F1	The reported transaction involves an amendment of an outstanding option originally granted on December 11, 2014 (the "Former Award"), resulting in the deemed cancellation of the Former Award and the grant of a replacement option.
F2	Common units ("Common Units") in Ashford Hospitality Advisors LLC, 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.