Troy C. Schrenk - Feb 24, 2024 Form 4 Insider Report for Target Hospitality Corp. (TH)

Role
SEVP, Operations & CCO
Signature
/s/ Heidi D. Lewis, as Attorney-in-Fact on behalf of Troy C. Schrenk
Stock symbol
TH
Transactions as of
Feb 24, 2024
Transactions value $
-$166,199
Form type
4
Date filed
2/27/2024, 04:46 PM
Previous filing
Oct 5, 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 +24.9K +79.55% 56.2K Feb 24, 2024 Direct F1
transaction TH Common Stock, par value $0.0001 per share Tax liability -$57.1K -6.07K -10.79% $9.41 50.2K Feb 24, 2024 Direct F2
transaction TH Common Stock, par value $0.0001 per share Options Exercise +47.6K +94.91% 97.8K Feb 25, 2024 Direct F1
transaction TH Common Stock, par value $0.0001 per share Tax liability -$109K -11.6K -11.86% $9.41 86.2K 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 -24.9K -17.41% $0.00 118K Feb 24, 2024 Common Stock 24.9K Direct F1, F3
transaction TH Restricted Stock Units Options Exercise $0 -47.6K -40.29% $0.00 70.6K Feb 25, 2024 Common Stock 47.6K 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 24,917 RSUs on 02/24/2024 and 47,619 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: 15,385 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; 99,668 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; 95,238 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 21,414 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.