Jeffrey Sagansky - Mar 15, 2022 Form 4 Insider Report for Target Hospitality Corp. (TH)

Role: Director
Signature: /s/ Heidi D. Lewis, as Attorney-in-Fact on behalf of Jeffrey Sagansky
Stock symbol: TH
Transactions as of: Mar 15, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/17/2022, 04:31 PM
Previous filing: Mar 9, 2022
Next filing: May 20, 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	Other		-2.01M	-56.69%		1.53M	Mar 15, 2022	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The shares of common stock of the Issuer, par value $0.0001 per share ("Common Stock"), reported on this Form 4 were placed in escrow pursuant to the terms of a previously disclosed earnout agreement (the "Earnout Agreement") that was entered into by and among the Issuer, Harry E. Sloan, Eli Baker and the reporting person on March 15, 2019 in connection with the consummation of a certain business combination and other transactions. While such shares were held in escrow, the reporting person did not have the ability to transfer or vote such shares.
F2	Pursuant to the terms of the Earnout Agreement, on March 15, 2022, the Earnout Agreement automatically terminated and the shares of Common Stock reported on this Form 4 were returned to the Issuer to be held in treasury.

Content

The shares of common stock of the Issuer, par value $0.0001 per share ("Common Stock"), reported on this Form 4 were placed in escrow pursuant to the terms of a previously disclosed earnout agreement (the "Earnout Agreement") that was entered into by and among the Issuer, Harry E. Sloan, Eli Baker and the reporting person on March 15, 2019 in connection with the consummation of a certain business combination and other transactions. While such shares were held in escrow, the reporting person did not have the ability to transfer or vote such shares.

Pursuant to the terms of the Earnout Agreement, on March 15, 2022, the Earnout Agreement automatically terminated and the shares of Common Stock reported on this Form 4 were returned to the Issuer to be held in treasury.