Jason P. Vlacich - Mar 20, 2023 Form 4 Insider Report for Target Hospitality Corp. (TH)

Role
Chief Accounting Officer
Signature
/s/ Heidi D. Lewis, as Attorney-in-Fact on behalf of Jason Vlacich
Stock symbol
TH
Transactions as of
Mar 20, 2023
Transactions value $
-$707,320
Form type
4
Date filed
3/22/2023, 04:31 PM
Previous filing
Mar 7, 2023
Next filing
May 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TH Common Stock, par value $0.0001 per share Options Exercise $90.2K +20K +39.8% $4.51 70.2K Mar 20, 2023 Direct
transaction TH Common Stock, par value $0.0001 per share Sale -$330K -20K -28.47% $16.51 50.2K Mar 20, 2023 Direct F1
transaction TH Common Stock, par value $0.0001 per share Sale -$467K -28K -55.72% $16.69 22.2K Mar 20, 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TH Employee Stock Option (right to buy) Options Exercise $0 -20K -40.51% $0.00 29.4K Mar 20, 2023 Common Stock 20K $4.51 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.50 to $16.58, inclusive. The Reporting Person undertakes to provide to Target Hospitality Corp., any security holder of Target Hospitality Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 1 to this Form 4.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.68 to $16.75, inclusive. The Reporting Person undertakes to provide to Target Hospitality Corp., any security holder of Target Hospitality Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 2 to this Form 4.
F3 The options reported in this footnote 3 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 March 4, 2020 (the "Option Award Agreement"). The options reported in this footnote 3 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 Option Award Agreement.