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Filing Details

Accession Number:: 0001712189-23-000068
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-09-06 16:38:54
Reporting Period:: 2023-09-01

Accepted Time:: 2023-09-06 16:38:54
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1712189	Target Hospitality Corp.	TH	Hotels, Rooming Houses, Camps & Other Lodging Places (7000)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1763039	Paul Jason Vlacich	9320 Lakeside Blvd., Ste 300 The Woodlands TX 77381	Chief Accounting Officer	No	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock, Par Value $0.0001 Per Share	Acquisiton	2023-09-01	2,319	$10.83	24,999	No	4	M	Direct
Common Stock, Par Value $0.0001 Per Share	Disposition	2023-09-01	2,319	$16.06	22,680	No	4	S	Direct
Common Stock, Par Value $0.0001 Per Share	Acquisiton	2023-09-01	2,205	$4.51	24,885	No	4	M	Direct
Common Stock, Par Value $0.0001 Per Share	Disposition	2023-09-01	2,205	$16.06	22,680	No	4	S	Direct
Common Stock, Par Value $0.0001 Per Share	Disposition	2023-09-01	327	$16.08	22,353	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Options (right to buy)	Disposition	2023-09-01	2,319	$0.00	2,319	$10.83
Common Stock	Employee Stock Options (right to buy)	Disposition	2023-09-01	2,205	$0.00	2,205	$4.51

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
419		2029-05-21	No	4	M	Direct
20,212		2030-03-04	No	4	M	Direct

Footnotes

Exercise and sale pursuant to 10b5-1 plan entered into on March 20, 2023.
The price reported in column 4 is a weighted average price. These shares were sold on 09/01/23 in multiple transactions at prices ranging from $16.00 - $16.26, inclusive. The reporting person undertakes to provide Target Hospitality Corp. or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
The price reported in column 4 is a weighted average price. These shares were sold on 09/01/23 in multiple transactions at prices ranging from $16.00 - $16.26, inclusive. The reporting person undertakes to provide Target Hospitality Corp. or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
The price reported in column 4 is a weighted average price. These shares were sold on 09/01/23 in multiple transactions at prices ranging from $16.00 - $16.19, inclusive. The reporting person undertakes to provide Target Hospitality Corp. or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
The options in this Footnote 5 represent the right upon vesting to buy shares of common stock pursuant to the terms and conditions of the Target Hospitality Corp. 2019 Incentive Award Plan (as amended, the "Plan") and the Nonqualified Stock Option Award Agreement entered into between the Issuer and the Reporting Person as of May 21, 2019. The options reported in this Footnote 5 vested in equal installments on each of the first four anniversaries of the grant date with the last vesting on May 21, 2023.
The options in this Footnote 6 represent the right upon vesting to buy shares of common stock pursuant to the terms and conditions of the Plan and the Nonqualified Stock Option Award Agreement entered into between the Issuer and the Reporting Person as of March 4, 2020 (the "Option Award Agreement"). The options reported in this Footnote 6 vest in equal installments on each of the first four anniversaries of the grant date beginning on March 4, 2021, subject to the terms and conditions of the Plan and the Option Award Agreement.