Stephen Robertson - May 18, 2024 Form 4 Insider Report for Target Hospitality Corp. (TH)

Role
Director
Signature
/s/ Heidi D. Lewis, Attorney in Fact on behalf of Stephen Robertson
Stock symbol
TH
Transactions as of
May 18, 2024
Transactions value $
$0
Form type
4
Date filed
5/21/2024, 04:30 PM
Previous filing
May 22, 2023
Next filing
May 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TH Common Stock, par value $0.001 per share Options Exercise +10.3K +0.02% 64.8M May 18, 2024 Direct F1, 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 -10.3K -100% $0.00* 0 May 18, 2024 Common Stock 10.3K 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 Includes 175,000 shares of Common Stock owned directly by the Reporting Person following the Reported Transaction. The remaining shares of Common Stock beneficially owned following the Reported Transaction are held by MFA Global S.a.r.l. ("MFA Global") and Arrow Holdings S.a.r.l. ("Arrow")
F3 On May 18, 2023, the Reporting Person, was granted 10,288 Restricted Stock Units which vest in full on May 18, 2024 or, if earlier, the date of the next annual meeting of the stockholders of the Issuer, subject to the Target Hospitality Corp. 2019 Incentive Award Plan and award agreement. Subject to certain exception, vested shares will be delivered upon separation of service from the board of directors.