X0508 4 2023-11-28 0001674862 ASHLAND INC. ASH 0001759443 MUSA OSAMA M 8145 BLAZER DRIVE WILMINGTON DE 19808 1 Sr. Vice President 0 Common Stock 2023-11-28 4 M 0 2825 47.36 A 22262 D Common Stock 2023-11-28 4 F 0 2092 47.63 D 20170 D Stock Appreciation Right 47.63 2023-11-28 4 M 0 2825 0 D 2023-12-13 Common Stock 2825 0 D Represents an acquisition by the Reporting Person of 733 net shares of the Issuer, after exercise price and tax liability withholdings, upon an exercise of stock appreciation rights. These Stock Appreciation Rights were granted on November 13, 2013, and vested over a three-year period, with 50% vesting on November 13, 2014, and 25% vesting on November 13, 2015, and November 13, 2016. /s/ Serena S. Kenost, Attorney-in-Fact 2023-11-30