James B. Archer - May 21, 2021 Form 4 Insider Report for Target Hospitality Corp. (TH)

Role
President and CEO, Director
Signature
/s/ Heidi D. Lewis, as Attorney-in-Fact on behalf of James B. Archer
Stock symbol
TH
Transactions as of
May 21, 2021
Transactions value $
-$8,149
Form type
4
Date filed
5/25/2021, 04:32 PM
Next filing
Feb 28, 2022

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 +11.5K +0.98% 1.19M May 21, 2021 Direct F1
transaction TH Common Stock, par value $0.0001 per share Tax liability -$8.15K -2.81K -0.24% $2.90 1.19M May 21, 2021 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 Restricted Stock Units Options Exercise $0 -11.5K -3.27% $0.00 341K May 21, 2021 Common Stock 11.5K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive upon vesting one share of common stock of the Issuer, par value $0.0001 per share ("Common Stock"), or its cash equivalent.
F2 Restricted stock units withheld for payment of tax liability upon vesting of 11,542 restricted stock units. Stock price reflects closing stock price as of May 21, 2021.
F3 Total includes unvested RSUs from the following grants: 238,095 RSUs granted on February 25, 2021 which vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date; 107,067 RSUs granted on March 4, 2020 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on March 4, 2021; and 46,169 RSUs granted on May 21, 2019 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on May 21, 2020. Awards are subject to the terms of the respective RSU award agreements and subject to the Target Hospitality Corp. 2019 Incentive Award Plan.