ASHLAND INC. — Director's Dealing 2025

May 20, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ASHLAND INC. (ASH)
CIK: 0001674862
Period of Report: 2025-05-15

Reporting Person: RICHARDSON SAMUEL (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-05-15	Restricted Stock Unit	$	A	2516	Acquired		Common Stock (2516)	Direct

Footnotes

F1: Each Restricted Stock Unit (RSU) represents a right to receive one (1) share of Ashland common stock upon vesting.

F2: Grant of RSUs on May 15, 2025, pursuant to Ashland's incentive plan as approved by the shareholders and exempt pursuant to Rule 16b-3. The RSUs in this grant will vest in one installment three years from the date of grant on May 15, 2028, provided that the Reporting Person remains in continuous employment with the Issuer.