James Bradley Archer - 24 Feb 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
Issuer symbol: TH
Transactions as of: 24 Feb 2024
Net transactions value: -$671,451
Form type: 4
Filing time: 27 Feb 2024, 16:44:38 UTC
Previous filing: 22 May 2023
Next filing: 04 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		+62,292	+4.7%		1,383,025	24 Feb 2024	Direct	F1
transaction	TH	Common Stock, par value $0.0001 per share	Tax liability	$230,649	-24,511	-1.8%	$9.41	1,358,514	24 Feb 2024	Direct	F2
transaction	TH	Common Stock, par value $0.0001 per share	Options Exercise		+119,047	+8.8%		1,477,561	25 Feb 2024	Direct	F1
transaction	TH	Common Stock, par value $0.0001 per share	Tax liability	$440,802	-46,844	-3.2%	$9.41	1,430,717	25 Feb 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	-62,292	-16%	$0.000000	328,089	24 Feb 2024	Common Stock	62,292		Direct	F1, F3
transaction	TH	Restricted Stock Units	Options Exercise	$0	-119,047	-36%	$0.000000	209,042	25 Feb 2024	Common Stock	119,047		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.