Joy Anne Berry - May 18, 2023 Form 4 Insider Report for Target Hospitality Corp. (TH)

Role: Director
Signature: /s/ Heidi D. Lewis, as Attorney-in-Fact on behalf of Joy Anne Berry
Stock symbol: TH
Transactions as of: May 18, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/22/2023, 04:34 PM
Previous 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	Options Exercise		+18.1K	+18.46%		116K	May 18, 2023	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	-18.1K	-100%	$0.00^*	0	May 18, 2023	Common Stock	18.1K		Direct	F1, F2
transaction	TH	Restricted Stock Units	Award	$0	+7.89K		$0.00	7.89K	May 18, 2023	Common Stock	7.89K		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	1. 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 19, 2022, the Reporting Person was granted 18,110 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, as amended (the "Plan") and the award agreement. Subject to certain exceptions, a certain portion of vested shares will be delivered upon separation of service from the Board of Directors of the Issuer ("BOD"). On May 18, 2023, the Reporting Person was granted 7,888 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 Plan and the award agreement. Subject to certain exceptions, a certain portion of vested shares will be delivered upon separation of service from the BOD.

Content

1. 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.

On May 19, 2022, the Reporting Person was granted 18,110 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, as amended (the "Plan") and the award agreement. Subject to certain exceptions, a certain portion of vested shares will be delivered upon separation of service from the Board of Directors of the Issuer ("BOD"). On May 18, 2023, the Reporting Person was granted 7,888 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 Plan and the award agreement. Subject to certain exceptions, a certain portion of vested shares will be delivered upon separation of service from the BOD.