Troy C. Schrenk - Aug 28, 2023 Form 4 Insider Report for Target Hospitality Corp. (TH)

Role: Chief Commercial Officer
Signature: /s/ Heidi D. Lewis, as Attorney-in-Fact on behalf of Troy C. Schrenk
Stock symbol: TH
Transactions as of: Aug 28, 2023
Transactions value $: -$450,416
Form type: 4
Date filed: 8/30/2023, 04:55 PM
Previous filing: Aug 28, 2023
Next filing: Sep 1, 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	-$447K	-28.7K	-73.19%	$15.60	10.5K	Aug 28, 2023	Direct	F1, F2
transaction	TH	Common Stock, par value $0.0001 per share	Sale	-$3.1K	-200	-1.9%	$15.51	10.3K	Aug 29, 2023	Direct

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

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
F1	Sale pursuant to 10b5-1 plan entered into on January 6, 2023.
F2	The price reported in column 4 is a weighted average price. These shares were sold on 08.28.2023 in multiple transactions at prices ranging $15.50 - $15.77, inclusive. The reporting person undertakes to provide Target Hospitality Corp. or staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this Footnote 2 to this Form 4.

Content

Sale pursuant to 10b5-1 plan entered into on January 6, 2023.

The price reported in column 4 is a weighted average price. These shares were sold on 08.28.2023 in multiple transactions at prices ranging $15.50 - $15.77, inclusive. The reporting person undertakes to provide Target Hospitality Corp. or staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this Footnote 2 to this Form 4.