Troy C. Schrenk - May 21, 2022 Form 4 Insider Report for Target Hospitality Corp. (TH)

Role
Chief Commercial Officer
Signature
/s/ Heidi D. Lewis, as Attorney-in-Fact on behalf of Troy C. Schrenk
Stock symbol
TH
Transactions as of
May 21, 2022
Transactions value $
-$11,979
Form type
4
Date filed
5/24/2022, 04:31 PM
Previous filing
Mar 15, 2022
Next filing
Jul 13, 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 +8.08K +31.83% 33.5K May 21, 2022 Direct F1
transaction TH Common Stock, par value $0.0001 per share Tax liability -$12K -1.97K -5.88% $6.09 31.5K May 21, 2022 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 -8.08K -3.64% $0.00 214K May 21, 2022 Common Stock 8.08K 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 8,079 restricted stock units. Stock price reflects closing stock price as of May 20, 2022.
F3 Total includes unvested RSUs from the following grants: 99,668 RSUs granted on February 24, 2022 which vest in four equal installments on each of the first four anniversaries of the grant date beginning on February 24, 2023; 95,238 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; 21,414 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 32,318 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, as amended.