Jason Paul Vlacich - 30 Aug 2023 Form 4 Insider Report for Target Hospitality Corp. (TH)

Role
Chief Accounting Officer
Signature
/s/ Heidi D. Lewis, as Attorney-in-Fact on behalf of Jason Vlacich
Issuer symbol
TH
Transactions as of
30 Aug 2023
Net transactions value
-$132,650
Form type
4
Filing time
01 Sep 2023, 17:07:35 UTC
Previous filing
22 May 2023
Next filing
06 Sep 2023
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 $39,844 +3,679 +16% $10.83 27,328 30 Aug 2023 Direct F1
transaction TH Common Stock, par value $0.0001 per share Sale $58,864 -3,679 -13% $16.00 23,649 30 Aug 2023 Direct F1
transaction TH Common Stock, par value $0.0001 per share Options Exercise $15,415 +3,418 +14% $4.51 27,067 30 Aug 2023 Direct F1
transaction TH Common Stock, par value $0.0001 per share Sale $54,688 -3,418 -13% $16.00 23,649 30 Aug 2023 Direct F1
transaction TH Common Stock, par value $0.0001 per share Sale $10,432 -652 -2.8% $16.00 22,997 30 Aug 2023 Direct F1
transaction TH Common Stock, par value $0.0001 per share Options Exercise $38,165 +3,524 +15% $10.83 26,521 31 Aug 2023 Direct F1
transaction TH Common Stock, par value $0.0001 per share Sale $56,419 -3,524 -13% $16.01 22,997 31 Aug 2023 Direct F1, F2
transaction TH Common Stock, par value $0.0001 per share Options Exercise $15,920 +3,530 +15% $4.51 26,527 31 Aug 2023 Direct F1
transaction TH Common Stock, par value $0.0001 per share Sale $56,515 -3,530 -13% $16.01 22,997 31 Aug 2023 Direct F1, F3
transaction TH Common Stock, par value $0.0001 per share Sale $5,075 -317 -1.4% $16.01 22,680 31 Aug 2023 Direct F1, F4

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 Employee Stock Options (right to buy) Options Exercise $0 -3,679 -37% $0.000000 6,262 30 Aug 2023 Common Stock 3,679 $10.83 Direct F5
transaction TH Employee Stock Options (right to buy) Options Exercise $0 -3,418 -12% $0.000000 25,947 30 Aug 2023 Common Stock 3,418 $4.51 Direct F6
transaction TH Employee Stock Options (right to buy) Options Exercise $0 -3,524 -56% $0.000000 2,738 31 Aug 2023 Common Stock 3,524 $10.83 Direct F5
transaction TH Employee Stock Options (right to buy) Options Exercise $0 -3,530 -14% $0.000000 22,417 31 Aug 2023 Common Stock 3,530 $4.51 Direct F6
* 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 Exercise and sale pursuant to 10b5-1 plan entered into on March 20, 2023.
F2 The price reported in column 4 is a weighted average price. These shares were sold on 08/31/23 in multiple transactions at prices ranging from $16.00 - $16.04, inclusive. The reporting person undertakes to provide Target Hospitality Corp. or the 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 to this Form 4.
F3 The price reported in column 4 is a weighted average price. These shares were sold on 08/31/23 in multiple transactions at prices ranging from $16.00 - $16.05, inclusive. The reporting person undertakes to provide Target Hospitality Corp. or the 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 to this Form 4.
F4 The price reported in column 4 is a weighted average price. These shares were sold on 08/31/23 in multiple transactions at prices ranging from $16.00 - $16.03, inclusive. The reporting person undertakes to provide Target Hospitality Corp. or the 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 to this Form 4.
F5 The options in this Footnote 5 represent the right upon vesting to buy shares of common stock pursuant to the terms and conditions of the Target Hospitality Corp. 2019 Incentive Award Plan (as amended, the "Plan") and the Nonqualified Stock Option Award Agreement entered into between the Issuer and the Reporting Person as of May 21, 2019. The options reported in this Footnote 5 vested in equal installments on each of the first four anniversaries of the grant date with the last vesting on May 21, 2023.
F6 The options in this Footnote 6 represent the right upon vesting to buy shares of common stock pursuant to the terms and conditions of the Plan and the Nonqualified Stock Option Award Agreement entered into between the Issuer and the Reporting Person as of March 4, 2020 (the "Option Award Agreement"). The options reported in this Footnote 6 vest in equal installments on each of the first four anniversaries of the grant date beginning on March 4, 2021, subject to the terms and conditions of the Plan and the Option Award Agreement.