Barbara J. Faulkenberry - 19 Jun 2023 Form 4 Insider Report for Target Hospitality Corp. (TH)

Role
Director
Signature
/s/ Heidi D. Lewis, as Attorney-in-Fact on behalf of Barbara Faulkenberry
Issuer symbol
TH
Transactions as of
19 Jun 2023
Net transactions value
$0
Form type
4
Filing time
21 Jun 2023, 16:30:19 UTC
Previous filing
22 May 2023
Next filing
06 Mar 2024
SEC
View on sec.gov

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 +7,888 +20% 48,085 19 Jun 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 -7,888 -100% $0.000000* 0 19 Jun 2023 Common Stock 7,888 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Barbara J. Faulkenberry is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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 On May 18, 2023, the Reporting Person was granted 7,888 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. On June 14, 2023, Reporting Person submitted her notice to resign from the Issuer's Board of Directors (the "Board") effective June 19, 2023. On June 17, 2023 and as permitted by the Plan, the Board approved the accelerated vesting of one hundred percent (100%) of the 7,888 RSUs granted on May 18, 2023.