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AI brief of an SEC Form 8-K · ASHFORD HOSPITALITY TRUST INC (AHT)

Ashford Hospitality Trust: advisor waives $17 million in fees, ends stock sale program

Positive Impact 4 of 5 shareholder Written later

Ashford Hospitality Trust said its advisor, Ashford Inc., will waive about $17 million of advisory fees over six months from November 2026 through April 2027, and agreed to buy 2.5% of the company's outstanding common stock each quarter in the open market. The company also terminated its $100 million at-the-market equity program, so it no longer has a way to sell new shares through that program. The company says the moves are intended to strengthen liquidity and align the advisor's interests with stockholders.

Key points

  • Fee waiver covers about $17 million, or about $2.60 per common share, for the six months through April 2027, and the waived fees will not become payable.
  • Ashford Inc. must buy 2.5% of outstanding shares each quarter, starting with the quarter ended September 30, 2026; the initial quarterly amount is about 162,000 shares based on about 6.47 million shares outstanding.
  • If Ashford Inc. falls short, it must provide a fee credit equal to 150% of the volume-weighted average price for each unbought share, with purchases for that quarter due by March 31, 2027.
  • The $100 million at-the-market program with Virtu Americas LLC, dated April 11, 2022, was terminated effective October 20, 2026.

The filing

CompanyASHFORD HOSPITALITY TRUST INC (AHT)
Form8-K, current report
Filed with the SECOct 20, 2026, 6:44 PM ET
Accession number0001104659-26-117508

Items reported: 1.01 Material Definitive Agreement1.02 Termination of Material Agreement7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 20, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.