CastleKnight discloses 6.4% Ashford Hospitality Trust (AHT) ownership

Rhea-AI Filing Summary

CastleKnight-related entities have disclosed a sizable passive stake in Ashford Hospitality Trust, Inc. They report beneficial ownership of 410,894 shares of common stock, representing 6.4% of the company’s outstanding shares as of the event date.

The filing is an amended Schedule 13G indicating shared voting and dispositive power over all reported shares across CastleKnight Master Fund LP, its affiliated general partners and managers, Weitman Capital LLC, and Aaron Weitman. They certify the holdings are not intended to change or influence control of Ashford Hospitality Trust.

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Accepted by SEC EDGAR 02/17/2026 - 04:39 PM Learn about SEC filing dates

FAQ

What stake does CastleKnight report in Ashford Hospitality Trust (AHT)?

CastleKnight-affiliated entities report beneficial ownership of 410,894 Ashford Hospitality Trust common shares, equal to 6.4% of the class. This ownership is reported on an amended Schedule 13G, indicating a significant but passive position in the company’s equity.

Which entities are listed as reporting persons in this Ashford Hospitality Trust Schedule 13G/A?

The reporting persons are CastleKnight Master Fund LP, CastleKnight Fund GP LLC, CastleKnight Management LP, CastleKnight Management GP LLC, Weitman Capital LLC, and Aaron Weitman. Each reports the same 410,894 shares and 6.4% beneficial ownership of Ashford Hospitality Trust common stock.

Is the CastleKnight stake in Ashford Hospitality Trust described as passive or active?

The stake is described as passive. The certification states the securities were not acquired and are not held for the purpose of changing or influencing control of Ashford Hospitality Trust, and are not held in connection with any transaction having that purpose or effect.

How much voting power do the CastleKnight entities report in Ashford Hospitality Trust?

The reporting persons disclose zero sole voting power and shared voting power over 410,894 Ashford Hospitality Trust common shares. They similarly report zero sole dispositive power and shared dispositive power over the same 410,894 shares, aligning with their 6.4% beneficial ownership.

Why was this Schedule 13G/A filed for Ashford Hospitality Trust (AHT)?

The Schedule 13G/A is filed because CastleKnight-related entities beneficially own more than 5% of Ashford Hospitality Trust’s common stock. The amendment updates their ownership at 410,894 shares, or 6.4% of the class, as of the specified event date.

Who signed the Schedule 13G/A related to Ashford Hospitality Trust, and on whose behalf?

Aaron Weitman signed the filing in multiple capacities, including as Manager of Weitman Capital LLC and as signatory for CastleKnight Fund GP LLC and CastleKnight Management GP LLC. These signatures reflect a joint filing agreement among the listed reporting entities.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

ASHFORD HOSPITALITY TRUST, INC.

(Name of Issuer)

Common Stock, $0.01 par value per share

(Title of Class of Securities)

044103794

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 044103794

1

Names of Reporting Persons

CastleKnight Master Fund LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 410,894.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 410,894.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

410,894.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.4 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. 044103794

1

Names of Reporting Persons

CastleKnight Fund GP LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 410,894.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 410,894.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

410,894.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.4 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. 044103794

1

Names of Reporting Persons

CastleKnight Management LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 410,894.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 410,894.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

410,894.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.4 %

12

Type of Reporting Person (See Instructions)

IA, PN

SCHEDULE 13G

CUSIP No. 044103794

1

Names of Reporting Persons

CastleKnight Management GP LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 410,894.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 410,894.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

410,894.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.4 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. 044103794

1

Names of Reporting Persons

Weitman Capital LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW JERSEY

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 410,894.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 410,894.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

410,894.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.4 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. 044103794

1

Names of Reporting Persons

Aaron Weitman

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 410,894.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 410,894.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

410,894.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.4 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: ASHFORD HOSPITALITY TRUST, INC.
(b)	Address of issuer's principal executive offices: 14185 Dallas Parkway, Suite 1200, Dallas, Texas 75254
Item 2.
(a)	Name of person filing: CastleKnight Master Fund LP CastleKnight Fund GP LLC CastleKnight Management LP CastleKnight Management GP LLC Weitman Capital LLC Aaron Weitman
(b)	Address or principal business office or, if none, residence: CastleKnight Master Fund LP Maples Corporate Services Limited P.O. Box 309 Ugland House Grand Cayman KY1-1104 Cayman Islands CastleKnight Fund GP LLC 888 Seventh Avenue, 24th Floor New York, New York 10019 United States of America CastleKnight Management LP 888 Seventh Avenue, 24th Floor New York, New York 10019 United States of America CastleKnight Management GP LLC 888 Seventh Avenue, 24th Floor New York, New York 10019 United States of America Weitman Capital LLC c/o Aaron Weitman c/o CastleKnight Management LP 888 Seventh Avenue, 24th Floor New York, New York 10019 United States of America Aaron Weitman c/o CastleKnight Management LP 888 Seventh Avenue, 24th Floor New York, New York 10019 United States of America
(c)	Citizenship: CastleKnight Master Fund LP - Cayman Islands CastleKnight Fund GP LLC - Delaware CastleKnight Management LP - Delaware CastleKnight Management GP LLC - Delaware Weitman Capital LLC - New Jersey Aaron Weitman - United States
(d)	Title of class of securities: Common Stock, $0.01 par value per share
(e)	CUSIP No.: 044103794
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: CastleKnight Master Fund LP - 410,894 CastleKnight Fund GP LLC - 410,894 CastleKnight Management LP - 410,894 CastleKnight Management GP LLC - 410,894 Weitman Capital LLC - 410,894 Aaron Weitman - 410,894
(b)	Percent of class: CastleKnight Master Fund LP - 6.4% CastleKnight Fund GP LLC - 6.4% CastleKnight Management LP - 6.4% CastleKnight Management GP LLC - 6.4% Weitman Capital LLC - 6.4% Aaron Weitman - 6.4%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: CastleKnight Master Fund LP - 0 CastleKnight Fund GP LLC - 0 CastleKnight Management LP - 0 CastleKnight Management GP LLC - 0 Weitman Capital LLC - 0 Aaron Weitman - 0
	(ii) Shared power to vote or to direct the vote: CastleKnight Master Fund LP - 410,894 CastleKnight Fund GP LLC - 410,894 CastleKnight Management LP - 410,894 CastleKnight Management GP LLC - 410,894 Weitman Capital LLC - 410,894 Aaron Weitman - 410,894
	(iii) Sole power to dispose or to direct the disposition of: CastleKnight Master Fund LP - 0 CastleKnight Fund GP LLC - 0 CastleKnight Management LP - 0 CastleKnight Management GP LLC - 0 Weitman Capital LLC - 0 Aaron Weitman - 0
	(iv) Shared power to dispose or to direct the disposition of: CastleKnight Master Fund LP - 410,894 CastleKnight Fund GP LLC - 410,894 CastleKnight Management LP - 410,894 CastleKnight Management GP LLC - 410,894 Weitman Capital LLC - 410,894 Aaron Weitman - 410,894
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. Please see Exhibit B attached hereto.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

CastleKnight Master Fund LP

Signature:	By: CastleKnight Fund GP LLC, its general partner, By: Weitman Capital LLC, its managing member
Name/Title:	By: /s/ Aaron Weitman / Manager
Date:	02/17/2026

CastleKnight Fund GP LLC

Signature:	By: Weitman Capital LLC, its managing member
Name/Title:	By: /s/ Aaron Weitman / Manager
Date:	02/17/2026

CastleKnight Management LP

Signature:	By: CastleKnight Management GP LLC, its general partner, By: Weitman Capital LLC, its managing member
Name/Title:	By: /s/ Aaron Weitman / Manager
Date:	02/17/2026

CastleKnight Management GP LLC

Signature:	By: Weitman Capital LLC, its managing member
Name/Title:	By: /s/ Aaron Weitman / Manager
Date:	02/17/2026

Weitman Capital LLC

Signature:	By: /s/ Aaron Weitman
Name/Title:	Aaron Weitman / Manager
Date:	02/17/2026

Aaron Weitman

Signature:	By: /s/ Aaron Weitman / Manager
Name/Title:	Aaron Weitman
Date:	02/17/2026

Exhibit Information

Material to be Filed as Exhibit: [Exhibit A - Joint Filing Agreement] [Exhibit B - Control Person Identification]