BENNETT MONTY J (CEO and Chairman of the Board) purchased 74.8% of their position (200K shares) of ASHFORD INC. on the open market

Open‑market purchase worth $982.0K — a major conviction buy. The strongest form of insider conviction signal.

P · 1 purchase

BENNETT MONTY J

Filed: 4/16/2024ACC: 0001104659-24-047798

InsiderBENNETT MONTY JCIK 1260654

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IssuerASHFORD INC.CIK 1604738

DirectorOfficer10% Owner· CEO and Chairman of the Board

Since Feb 2019

+200K

Net shares

Net buyer

$982.0K

Total acquired

Open market trades

1B · 0S

Total transactions

200K acquired

Non-Derivative Transactions1

Common Stock

Direct

P · Purchase

+200K

Price / share

$4.91

Trade value

$982K

% of position

74.8%

4/15/2024

267.50K→467.50K

Total

Net shares

+200K

Net value

$982K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	4/15/2024	P · Purchase	+200K	$4.91	$982K	74.8%	267.50K	467.50K
Total			+200K		$982K

Derivative Transactions0

No derivative transactions reported

Non-Derivative Holdings (Post-Transaction)5

Common Stock

Indirect

Shares owned15.00

Common Stock

Indirect

Shares owned10.60K

Common Stock

Indirect

Shares owned62.12K

Common Stock

Indirect

Shares owned12.35K

Common Stock

Indirect

Shares owned132.93K

Total

218.01K indirect218.01K

Security Title	Shares Owned	Ownership Type
Common Stock	15.00	Indirect
Common Stock	10.60K	Indirect
Common Stock	62.12K	Indirect
Common Stock	12.35K	Indirect
Common Stock	132.93K	Indirect
Total	218.01K	218.01K indirect

Derivative Holdings (Post-Transaction)21

Special Limited Partnership Units (2024)

Indirect

Underlying security

Common Stock

Underlying shares

37.64K

Shares owned

37.64K

Exercise price

0.00

Expiration

—

Exercise window

—

Class 2 LTIP Units

Indirect

Underlying security

Common Stock

Underlying shares

100K

Shares owned

100K

Exercise price

45.59

Expiration

—

Exercise window

—

Common Units

Indirect

Underlying security

Common Units

Underlying shares

143.04

Shares owned

143.04

Exercise price

0.00

Expiration

—

Exercise window

—

Class 2 LTIP Units

Indirect

Underlying security

Common Stock

Underlying shares

50K

Shares owned

50K

Exercise price

57.34

Expiration

—

Exercise window

—

Special Limited Partnership Units (2022)

Indirect

Underlying security

Common Stock

Underlying shares

38.85K

Shares owned

38.85K

Exercise price

0.00

Expiration

—

Exercise window

—

Common Units

Indirect

Underlying security

Common Units

Underlying shares

35.91

Shares owned

35.91

Exercise price

0.00

Expiration

—

Exercise window

—

Common Units

Indirect

Underlying security

Common Units

Underlying shares

78.67

Shares owned

78.67

Exercise price

0.00

Expiration

—

Exercise window

—

Stock Units under Deferred Compensation Plan

Indirect

Underlying security

Common Stock

Underlying shares

195.58K

Shares owned

195.58K

Exercise price

Expiration

—

Exercise window

—

Series D Convertible Preferred Stock

Direct

Underlying security

Common Stock

Underlying shares

34.31K

Shares owned

152K

Exercise price

0.21

Expiration

—

Exercise window

—

Class 2 LTIP Units

Indirect

Underlying security

Common Stock

Underlying shares

60K

Shares owned

60K

Exercise price

85.97

Expiration

—

Exercise window

—

Series D Convertible Preferred Stock

Indirect

Underlying security

Common Stock

Underlying shares

2.04M

Shares owned

9.05M

Exercise price

0.21

Expiration

—

Exercise window

—

Class 2 LTIP Units

Indirect

Underlying security

Common Stock

Underlying shares

90K

Shares owned

90K

Exercise price

61.12

Expiration

—

Exercise window

—

Special Limited Partnership Units (2023)

Indirect

Underlying security

Common Stock

Underlying shares

41.17K

Shares owned

41.17K

Exercise price

0.00

Expiration

—

Exercise window

—

Stock Options (right to purchase)

Direct

Underlying security

Common Stock

Underlying shares

77.21K

Shares owned

77.21K

Exercise price

94.96

Expiration

—

Exercise window

—

Common Units

Indirect

Underlying security

Common Units

Underlying shares

93.18

Shares owned

93.18

Exercise price

0.00

Expiration

—

Exercise window

—

Common Units

Indirect

Underlying security

Common Units

Underlying shares

501.60

Shares owned

501.60

Exercise price

0.00

Expiration

—

Exercise window

—

Common Units

Indirect

Underlying security

Common Units

Underlying shares

109.24

Shares owned

109.24

Exercise price

0.00

Expiration

—

Exercise window

—

Class 2 LTIP Units

Indirect

Underlying security

Common Stock

Underlying shares

50K

Shares owned

50K

Exercise price

57.71

Expiration

—

Exercise window

—

Class 2 LTIP Units

Indirect

Underlying security

Common Stock

Underlying shares

48.17K

Shares owned

48.17K

Exercise price

Expiration

—

Exercise window

—

Stock Options (right to purchase)

Indirect

Underlying security

Common Stock

Underlying shares

35K

Shares owned

35K

Exercise price

85.97

Expiration

—

Exercise window

—

Series D Convertible Preferred Stock

Indirect

Underlying security

Common Stock

Underlying shares

18.06K

Shares owned

80K

Exercise price

0.21

Expiration

—

Exercise window

—

Total

Underlying

2.92M

Owned

10.10M

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Special Limited Partnership Units (2024) Indirect	Common Stock	0.00	—	—	37.64K	37.64K
Class 2 LTIP Units Indirect	Common Stock	45.59	—	—	100K	100K
Common Units Indirect	Common Units	0.00	—	—	143.04	143.04
Class 2 LTIP Units Indirect	Common Stock	57.34	—	—	50K	50K
Special Limited Partnership Units (2022) Indirect	Common Stock	0.00	—	—	38.85K	38.85K
Common Units Indirect	Common Units	0.00	—	—	35.91	35.91
Common Units Indirect	Common Units	0.00	—	—	78.67	78.67
Stock Units under Deferred Compensation Plan Indirect	Common Stock		—	—	195.58K	195.58K
Series D Convertible Preferred Stock Direct	Common Stock	0.21	—	—	34.31K	152K
Class 2 LTIP Units Indirect	Common Stock	85.97	—	—	60K	60K
Series D Convertible Preferred Stock Indirect	Common Stock	0.21	—	—	2.04M	9.05M
Class 2 LTIP Units Indirect	Common Stock	61.12	—	—	90K	90K
Special Limited Partnership Units (2023) Indirect	Common Stock	0.00	—	—	41.17K	41.17K
Stock Options (right to purchase) Direct	Common Stock	94.96	—	—	77.21K	77.21K
Common Units Indirect	Common Units	0.00	—	—	93.18	93.18
Common Units Indirect	Common Units	0.00	—	—	501.60	501.60
Common Units Indirect	Common Units	0.00	—	—	109.24	109.24
Class 2 LTIP Units Indirect	Common Stock	57.71	—	—	50K	50K
Class 2 LTIP Units Indirect	Common Stock	45	—	—	48.17K	48.17K
Stock Options (right to purchase) Indirect	Common Stock	85.97	—	—	35K	35K
Series D Convertible Preferred Stock Indirect	Common Stock	0.21	—	—	18.06K	80K
Total					2.92M	10.10M