BlackRock (ASH) reports 5.64M-share stake in Ashland Inc. on amended 13G/A

Rhea-AI Filing Summary

BlackRock, Inc. filed Amendment No. 19 to a Schedule 13G/A reporting beneficial ownership of 5,643,843 shares of Ashland Inc. common stock, representing 12.3% of the class. The filing shows BlackRock's sole voting power on 5,534,110 shares and sole dispositive power on 5,643,843 shares. The filing describes holdings as held by certain Reporting Business Units of BlackRock and notes various persons have rights to dividends or sale proceeds; no single other person exceeds 5% ownership.

Insights

Institutional Ownership Analyst

BlackRock reports a sizable passive stake in Ashland Inc. (12.3%) held across reporting units.

The Schedule 13G/A amendment lists 5,643,843 shares as beneficially owned and quantifies sole voting power of 5,534,110 shares. This indicates substantial institutional exposure disclosed under passive/investment manager reporting conventions.

Impact depends on portfolio trading decisions; subsequent 13D/13G amendments would show shifts. Future filings will reveal any change in ownership classification or voting intent.

Securities Compliance Attorney

The amendment follows SEC reporting rules for aggregated business‑unit holdings and identifies power allocations.

The statement clarifies that the figures reflect certain Reporting Business Units and excludes other BlackRock units disaggregated per SEC Release No. 34-39538. It also includes an Item 6 disclosure about persons with dividend or sale‑proceeds rights.

Filing mechanics are standard; watchers may note whether future amendments change classification or identify specific subsidiaries under Item 7.

Key Figures

Beneficially owned: 5,643,843 shares Percent of class: 12.3% Sole voting power: 5,534,110 shares +2 more

5 metrics

Beneficially owned 5,643,843 shares Amount beneficially owned reported in Item 4(a)

Percent of class 12.3% Percent of class reported in Item 4(b)

Sole voting power 5,534,110 shares Sole power to vote reported in Item 4(c)(i)

Sole dispositive power 5,643,843 shares Sole power to dispose reported in Item 4(c)(iii)

CUSIP 044186104 CUSIP for Ashland Inc. common stock on cover

Key Terms

Schedule 13G/A, Beneficial ownership, Sole dispositive power, Reporting Business Units

4 terms

Schedule 13G/A regulatory

"Amendment No. 19 to a Schedule 13G/A reporting beneficial ownership"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

Beneficial ownership financial

"Amount beneficially owned: 5643843 (b) Percent of class: 12.3 %"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Sole dispositive power regulatory

"Sole power to dispose or to direct the disposition of: 5643843"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Reporting Business Units technical

"securities beneficially owned ... by certain business units (collectively, the "Reporting Business Units")"

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Available on EDGAR 07/08/2026 - 11:13 AM Accepted by SEC EDGAR 07/08/2026 - 11:12 AM Learn about SEC filing dates

FAQ

What stake does BlackRock report in ASH (Ashland Inc.)?

BlackRock reports beneficial ownership of 5,643,843 shares, equal to 12.3% of Ashland Inc. common stock, as stated in the Schedule 13G/A amendment.

How much voting power does BlackRock hold in Ashland Inc.?

The filing reports sole voting power over 5,534,110 shares and no shared voting power, per the Schedule 13G/A amendment's Item 4 breakdown.

Does the filing indicate BlackRock will control Ashland's board or strategy?

No control statement is made; the Schedule 13G/A reports passive beneficial ownership by Reporting Business Units and does not state any intention to influence control or management.

Are other parties recorded as owning more than 5% of Ashland's shares?

The filing notes various persons may have rights to dividends or sale proceeds but states no one person's interest exceeds 5% of the outstanding common shares.

Who signed the amendment and when was it filed?

The amendment is signed by Spencer Fleming, Managing Director, with a signature date of 07/08/2026 on the Schedule 13G/A amendment cover information.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 19)

ASHLAND INC.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

044186104

(CUSIP Number)

06/30/2026

(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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 044186104

1

Names of Reporting Persons

BlackRock, Inc.

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 5,534,110.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 5,643,843.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,643,843.00

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)

12.3 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: ASHLAND INC.
(b)	Address of issuer's principal executive offices: 8145 BLAZER DRIVE WILMINGTON DE 19808
Item 2.
(a)	Name of person filing: BlackRock, Inc. In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units (collectively, the "Reporting Business Units") of BlackRock, Inc. and its subsidiaries and affiliates. It does not include securities, if any, beneficially owned by other business units whose beneficial ownership of securities are disaggregated from that of the Reporting Business Units in accordance with such release.
(b)	Address or principal business office or, if none, residence: BlackRock, Inc., 50 Hudson Yards New York, NY 10001
(c)	Citizenship: See Item 4 of Cover Page
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 044186104
Item 4.	Ownership
(a)	Amount beneficially owned: 5643843
(b)	Percent of class: 12.3 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 5534110
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 5643843
	(iv) Shared power to dispose or to direct the disposition of: 0
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.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the common stock of ASHLAND INC.. No one person's interest in the common stock of ASHLAND INC. is more than five percent of the total outstanding common shares.
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. See Exhibit 99
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 acquired and are held in the ordinary course of business and 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.

BlackRock, Inc.

Signature:	Spencer Fleming
Name/Title:	Managing Director
Date:	07/08/2026

Exhibit Information

Exhibit 24: Power of Attorney Exhibit 99: Item 7