Jeffrey Sagansky - Dec 21, 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
Dec 21, 2022
Transactions value $
-$3,098,000
Form type
4
Date filed
12/23/2022, 04:43 PM
Previous filing
Nov 7, 2022
Next filing
Feb 9, 2023

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 Sale -$1.55M -100K -6.36% $15.45 1.47M Dec 21, 2022 Direct F1
transaction TH Common Stock, par value $0.0001 per share Award +370K +25.15% 1.84M Dec 22, 2022 Direct F2
transaction TH Common Stock, par value $0.0001 per share Sale -$1.55M -100K -5.43% $15.53 1.74M Dec 23, 2022 Direct F4

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 Private Placement Warrants Disposed to Issuer -1M -53.57% 867K Dec 22, 2022 Common Stock 1M $11.50 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.00 to $15.73, inclusive. The reporting person undertakes to provide Target Hospitality Corp., any security holder of Target Hospitality Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range within the range set forth in this footnote (1) on this Form 4.
F2 The reporting person disposed of 1,000,000 Private Placement Warrants in exchange for 370,000 shares of the issuer's common stock, par value $0.0001 per share, in an issuer exchange offer.
F3 The Private Placement Warrants became exercisable on April 14, 2019 and expire at 5pm, New York City time, on March 15, 2024, or earlier upon redemption or liquidation.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.27 to $15.89, inclusive. The reporting person undertakes to provide Target Hospitality Corp., any security holder of Target Hospitality Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range within the range set forth in this footnote (4) on this Form 4.