Kamal Jafarnia - May 9, 2023 Form 4 Insider Report for ASHFORD HOSPITALITY TRUST INC (AHT)

Role
Director
Signature
/s/ KAMAL JAFARNIA
Stock symbol
AHT
Transactions as of
May 9, 2023
Transactions value $
$0
Form type
4
Date filed
5/11/2023, 04:07 PM
Previous filing
Apr 4, 2023
Next filing
Jul 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding AHT Common Stock 23 May 9, 2023 Direct

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 AHT Special Limited Partnership Units Award $0 +22.4K +3731.55% $0.00 23K May 9, 2023 Common Stock $0.00 Direct F1, F2, F3, F4
holding AHT Common Limited Partnership Units 24K May 9, 2023 Common Stock $0.00 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 Limited Partnership Units of the Subsidiary ("Common Units"), are convertible into Common Units at the option of the Reporting Person. See Footnote 4 discussing the convertibility of Common Units.
F2 The LTIP Unit awards reported herein were issued as an annual grant under the Issuer's 2021 Stock Incentive Plan in connection with the Reporting Person's continued service on the Issuer's Board of Directors.
F3 Neither the LTIP Units nor the Common Units have an expiration date.
F4 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 as described in Amendment No. 5 to the Seventh Amended and Restated Agreement of the Limited Partnership dated December 13, 2017.