| 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 | $97.3K | +54.3K | +73.83% | $1.79 | 128K | Mar 2, 2023 | Direct | |
| transaction | TH | Common Stock, par value $0.0001 per share | Disposed to Issuer | -$802K | -54.3K | -42.47% | $14.75 | 73.6K | Mar 2, 2023 | Direct |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | TH | Restricted Stock Units | Award | $0 | +7.69K | +10.37% | $0.00 | 81.9K | Mar 1, 2023 | Common Stock | 7.69K | Direct | F1, F2, F3 | |
| transaction | TH | Stock Appreciation Rights | Options Exercise | $0 | -54.3K | -50% | $0.00 | 54.3K | Mar 2, 2023 | Common Stock | 54.3K | $1.79 | Direct | F4 |
| 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 March 1, 2023 the Reporting Person was granted by the Compensation Committee 7,692 RSUs which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning March 1, 2024, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan (the "Plan") and the Restricted Stock Unit Award Agreement entered into between Issuer and the Reporting Person. |
| F3 | Total includes in addition to the grant of 7,692 RSUs on March 1, 2023, unvested RSUs from the following grants: 49,834 RSUs granted on February 24, 2022 which vest in four annual equal installments on each of the first four anniversaries of the grant date beginning February 24, 2023; 47,619 restricted stock units 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 restricted stock units granted on March 4, 2020 which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning March 4, 2021 and 9,234 restricted stock units 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, subject to the terms and conditions of the Plan and the Restricted Stock Unit Award Agreements entered into between the Issuer and the Reporting Person. |
| F4 | The Stock Appreciation Rights ("SARs"), reported on this Form 4, represent upon vesting the right to receive payment in cash or stock, at the Issuer's discretion, the amount of the increase from the grant date price and fair market value pursuant to the terms and conditions of the Target Hospitality Corp. 2019 Incentive Award Plan, as amended, and the SAR Award Agreement entered into between the Issuer and the Reporting Person as of February 25, 2021 (the "SAR Award Agreement"). The SARs vest 50% on the second anniversary of the grant date and the remaining 50% on the third anniversary of the grant date, subject to the terms and conditions of the Target Hospitality Corp. 2019 Incentive Award Plan, as amended and SAR Award Agreement. |