Studdert Andrew P - Dec 31, 2021 Form 4 Insider Report for Target Hospitality Corp. (TH)

Role
Director
Signature
/s/ Heidi D. Lewis, as Attorney-in-Fact on behalf of Andrew P. Studdert
Stock symbol
TH
Transactions as of
Dec 31, 2021
Transactions value $
$0
Form type
4
Date filed
1/4/2022, 03:33 PM
Previous filing
Aug 23, 2021
Next filing
May 27, 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 +38.5K +19.46% 236K Dec 31, 2021 Direct F1

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 -38.5K -100% $0.00* 0 Dec 31, 2021 Common Stock 38.5K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Studdert Andrew P is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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 May 18, 2021, the Reporting Person was granted 38,462 restricted stock units ("RSUs") which vest in full on the first anniversary of the grant date or, if earlier, the date of the first annual meeting of the stockholders of the Issuer following the grant date, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan") and the award agreement. On December 6, 2021, Reporting Person submitted his notice to resign from the Issuer's Board of Directors (the "Board") effective December 31, 2021. On December 7, 2021 and as permitted by the Plan, the Board approved the accelerated vesting of one hundred present (100%) of the 38,462 RSUs granted on May 18, 2021.