James B. Archer - May 21, 2023 Form 4 Insider Report for Target Hospitality Corp. (TH)

Role
President and CEO, Director
Signature
/s/ Heidi D. Lewis, as Attorney-in Fact on behalf of James B. Archer
Stock symbol
TH
Transactions as of
May 21, 2023
Transactions value $
-$70,855
Form type
4
Date filed
5/22/2023, 04:35 PM
Previous filing
Mar 16, 2023
Next filing
Feb 27, 2024

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 +11.5K +0.88% 1.33M May 21, 2023 Direct F1
transaction TH Common Stock, par value $0.0001 per share Tax liability -$70.9K -4.54K -0.34% $15.60 1.32M May 21, 2023 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 -11.5K -2.87% $0.00 390K May 21, 2023 Common Stock 11.5K 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 11,543 RSUs on 05/21/2023. Stock price reflects closing stock price as of May 19, 2023, the last business day prior to vest.
F3 Total includes unvested RSUs from the following grants: 57,692 RSUs granted on March 1, 2023 which vest in four equal installments on each of the first four anniversaries of the grant date beginning on March 1, 2024; 249,169 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; 238,095 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; and 107,067 RSUs granted on March 4, 2020 which vest in four equal installments on each of the first four anniversaries of the grant date beginning on March 4, 2021. 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.