Pamela H. Patenaude - Sep 20, 2021 Form 4 Insider Report for Target Hospitality Corp. (TH)

Role: Director
Signature: /s/ Heidi D. Lewis, as Attorney-in-Fact on behalf of Pamela H. Patenaude
Stock symbol: TH
Transactions as of: Sep 20, 2021
Transactions value $: $0
Form type: 4
Date filed: 9/22/2021, 04:32 PM
Previous filing: Aug 10, 2021
Next filing: Nov 5, 2021

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	Award	$0	+17.4K		$0.00	17.4K	Sep 20, 2021	Common Stock	17.4K		Direct	F1, F2

* 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	On September 20, 2021, the Reporting Person, as a newly appointed director to the Board of Directors, was granted 17,351 RSUs which vest in full on May 18, 2022 or, if earlier, the date of the 2022 annual meeting of the stockholders of the Issuer, subject to Target Hospitality Corp. 2019 Incentive Award Plan and award agreement. Subject to certain exceptions, vested shares will be delivered upon separation of service from the Board of Directors.

Content

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.

On September 20, 2021, the Reporting Person, as a newly appointed director to the Board of Directors, was granted 17,351 RSUs which vest in full on May 18, 2022 or, if earlier, the date of the 2022 annual meeting of the stockholders of the Issuer, subject to Target Hospitality Corp. 2019 Incentive Award Plan and award agreement. Subject to certain exceptions, vested shares will be delivered upon separation of service from the Board of Directors.