Brendan Dowhaniuk - 27 Feb 2025 Form 4 Insider Report for Target Hospitality Corp. (TH)

Role: EVP, Strategy & Corp. Dev.
Signature: /s/ Heidi D. Lewis, as Attorney-in-Fact on behalf of Brendan Dowhaniuk
Issuer symbol: TH
Transactions as of: 27 Feb 2025
Net transactions value: $0
Form type: 4
Filing time: 03 Mar 2025, 17:05:18 UTC
Previous filing: 04 Dec 2024
Next filing: 04 Dec 2025
SEC: View on sec.gov

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	Award	$0	+31,250	+176%	$0.000000	48,960	27 Feb 2025	Common Stock	31,250		Direct	F1, F2, 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 ("RSU") 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	On February 27, 2025, the Reporting Person was granted 31,250 RSUs which vest in four equal annual installments on each of the first four anniversaries of the grant date beginning February 27, 2026, subject to the terms and conditions of the previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan, as amended (the "Plan") and the RSU agreement entered into between the Issuer and the Reporting Person.
F3	Total includes, in addition to 31,250 RSUs on February 27 2025, unvested RSUs from the following grants: 17,710 RSUs granted on December 2, 2024 which vest one year from the grant date. Awards are subject to the terms of the respective RSU award agreements and subject to the Plan.