Eric Kalamaras - Sep 3, 2021 Form 4 Insider Report for Target Hospitality Corp. (TH)

Role: EVP and CFO
Signature: /s/ Heidi D. Lewis, as Attorney-in-Fact on behalf of Eric T. Kalamaras
Stock symbol: TH
Transactions as of: Sep 3, 2021
Transactions value $: -$12,312
Form type: 4
Date filed: 9/27/2021, 04:31 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		+12.2K	+8.81%		151K	Sep 3, 2021	Direct	F1, F2
transaction	TH	Common Stock, par value $0.0001 per share	Tax liability	-$12.3K	-2.97K	-1.97%	$4.14	148K	Sep 3, 2021	Direct	F1, F3

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	-12.2K	-5.36%	$0.00	215K	Sep 3, 2021	Common Stock	12.2K		Direct	F2, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Late filing due to administrative error
F2	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.
F3	Restricted stock units withheld for payment of tax liability upon vesting of 12,215 restricted stock units. Stock price reflects closing stock price as of September 3, 2021.
F4	Total includes unvested RSUs from the following grants: 142,857 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; 64,240 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 48,860 restricted stock units granted on September 3, 2019 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning on September 3, 2020. Awards are subject to the terms and conditions of the Target Hospitality Corp. 2019 Incentive Plan and RSU Agreements.