X0508 4 2023-09-15 0001674862 ASHLAND INC. ASH 0001258631 TEAL JANICE 8145 BLAZER DRIVE WILMINGTON DE 19808 1 0 Common Stock Units 2023-09-15 4 A 0 58 83.26 A Common Stock 58 12651 D 1 for 1 Common Stock Units acquired pursuant to Ashland's Deferred Compensation Plan for Non-Employee Directors (the "Plan") and exempt under Rule 16b-3. (One (1) Common Stock Unit in the Plan is the equivalent of one (1) share of Ashland Common Stock.) Subject to any deferral election on timing of distribution by the reporting person under the Plan, the Common Stock Units are payable in Common Stock upon the reporting person's separation from service as a director. Balance includes common stock units from two deferral accounts, one of which was previously inadvertently omitted when reporting balances for the reporting person in Forms 4 filed on March 31, 2023, and June 30, 2023. /s/ Serena S. Kenost, Attorney-in-Fact 2023-09-19