Eric Kalamaras - Oct 3, 2023 Form 4 Insider Report for Target Hospitality Corp. (TH)

Role
Chief Financial Officer
Signature
/s/ Heidi D. Lewis, as Attorney-in-Fact on behalf of Eric T. Kalamaras
Stock symbol
TH
Transactions as of
Oct 3, 2023
Transactions value $
-$7,293
Form type
4
Date filed
10/5/2023, 04:30 PM
Previous filing
Sep 6, 2023
Next filing
Oct 12, 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 -$7.29K -442 -1.32% $16.50 32.9K Oct 3, 2023 Direct F1, F2
* 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 105-1 entered into on January 5, 2023.
F2 The prices reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging on 10/03/2023 $16.49 - $16.58, 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 the Footnote 2 to this Form 4.