James B. Archer - Feb 24, 2024 Form 4 Insider Report for Target Hospitality Corp. (TH)

Role
Director and CEO and President, Director
Signature
/s/ Heidi D. Lewis, as Attorney-in-Fact on behalf of James B. Archer
Stock symbol
TH
Transactions as of
Feb 24, 2024
Transactions value $
-$671,451
Form type
4
Date filed
2/27/2024, 04:44 PM
Previous filing
May 22, 2023
Next filing
Mar 4, 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 +62.3K +4.72% 1.38M Feb 24, 2024 Direct F1
transaction TH Common Stock, par value $0.0001 per share Tax liability -$231K -24.5K -1.77% $9.41 1.36M Feb 24, 2024 Direct F2
transaction TH Common Stock, par value $0.0001 per share Options Exercise +119K +8.76% 1.48M Feb 25, 2024 Direct F1
transaction TH Common Stock, par value $0.0001 per share Tax liability -$441K -46.8K -3.17% $9.41 1.43M Feb 25, 2024 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 -62.3K -15.96% $0.00 328K Feb 24, 2024 Common Stock 62.3K Direct F1, F3
transaction TH Restricted Stock Units Options Exercise $0 -119K -36.28% $0.00 209K Feb 25, 2024 Common Stock 119K 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 62,292 RSUs on 02/24/2024 and 119,047 RSUs on 02/25/2024. Stock price reflects closing stock price as of February 23, 2024, 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.