X0306 4 2018-11-13 0 0001455863 AMERICOLD REALTY TRUST NYSE: COLD 0001728301 Musgrave Thomas C/O AMERICOLD REALTY TRUST 10 GLENLAKE PKWY, SOUTH TOWER, SUITE 600 ATLANTA GA 30328 0 1 0 0 See Remarks Common Shares of Beneficial Interest 2018-11-13 4 S 0 42000 25.995 D 23476 D Common Shares of Beneficial Interest 2018-11-13 4 M 0 23000 9.81 A 46476 D Common Shares of Beneficial Interest 2018-11-13 4 S 0 23000 25.9944 D 23476 D Stock Option 9.81 2018-11-13 4 M 0 23000 0.00 D 2025-09-21 Common Shares of Beneficial Interest 23000 46000 D The prices reported in Column 4 are weighted average prices. These common shares were sold in multiple transactions at prices ranging from $25.95 to $26.05, inclusive. The reporting person undertakes to provide to Americold Realty Trust, any security holder of Americold Realty Trust, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of common shares sold at each separate price within the range set forth above. On November 13, 2018, Mr. Musgrave made a net exercise of 23,000 stock options. Options to acquire common shares vested 20% on September 21, 2016, 2017 and 2018 and remainder vest ratably on September 21, 2019 and 2020. Executive Vice President and Chief Technology Officer /s/ James C. Snyder, attorney-in-fact 2018-11-15