[Form 4] ASHFORD HOSPITALITY TRUST INC Insider Trading Activity

Rhea-AI Filing Summary

Ashford Hospitality Trust President & CEO Stephen Zsigray reported a routine tax-related share disposition. On the transaction date, 6,677 shares of common stock were forfeited back to the company to satisfy tax withholding obligations arising from the vesting of restricted stock granted as compensation.

The price used for this tax-withholding disposition was $3.24 per share, which matches the closing price on June 30, 2026, the last trading day before the forfeiture. Following this event, Zsigray directly holds 37,655 shares of Ashford Hospitality Trust common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Zsigray Stephen

Role President & CEO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	6,677	$3.24	$22K

Holdings After Transaction: Common Stock — 37,655 shares (Direct, null)

Footnotes (1)

1. Represents shares of common stock forfeited to the Issuer to satisfy certain tax withholding obligations of the Reporting Person arising as a result of the vesting of restricted stock held by the Reporting Person. Represents the closing price of the common stock on June 30, 2026, the last trading day before the date of forfeiture.

Key Figures

Shares forfeited for tax withholding: 6,677 shares Tax-withholding price per share: $3.24 per share Shares held after transaction: 37,655 shares

3 metrics

Shares forfeited for tax withholding 6,677 shares Common stock forfeited to issuer for tax obligations on vesting

Tax-withholding price per share $3.24 per share Closing price on June 30, 2026 used for forfeiture valuation

Shares held after transaction 37,655 shares Direct ownership of common stock following reported Form 4 event

Key Terms

restricted stock, tax withholding obligations, forfeited, Form 4

4 terms

restricted stock financial

"arising as a result of the vesting of restricted stock held by the Reporting Person"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

tax withholding obligations financial

"to satisfy certain tax withholding obligations of the Reporting Person arising"

forfeited financial

"Represents shares of common stock forfeited to the Issuer to satisfy certain tax"

Form 4 regulatory

"After the tax-withholding forfeiture of 6,677 shares, Stephen Zsigray directly holds"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 04:28 PM Accepted by SEC EDGAR 07/02/2026 - 04:27 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Zsigray Stephen

(Last) (First) (Middle)

14185 DALLAS PARKWAY, SUITE 1200

(Street)

DALLAS TEXAS 75254

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ASHFORD HOSPITALITY TRUST INC [ AHT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/01/2026		F(1)		6,677	D	$3.24(2)	37,655	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares of common stock forfeited to the Issuer to satisfy certain tax withholding obligations of the Reporting Person arising as a result of the vesting of restricted stock held by the Reporting Person.

2. Represents the closing price of the common stock on June 30, 2026, the last trading day before the date of forfeiture.

	/s/ Stephen Zsigray	07/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)