Stephen Robertson - 21 May 2026 Form 4 Insider Report for Target Hospitality Corp. (TH)

Reporting relationship: Director
Issuer ticker: TH
Reported as of: 21 May 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 26 May 2026, 16:30:20 UTC
Prior SEC filing: 04 Dec 2025
Next SEC filing: 01 Jun 2026
Source filing: View source filing
Reporting owner signature: /s/ Heidi D. Lewis, as Attorney in Fact on behalf of Stephen Robertson

Key filing fact

Stephen Robertson filed Form 4 for Target Hospitality Corp. (TH) on 26 May 2026.

Key facts

This page summarizes Stephen Robertson's Form 4 filing for Target Hospitality Corp. (TH).
3 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 26 May 2026, 16:30.

Change

Previous filing in this sequence was filed on 04 Dec 2025.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001409360 Primary reporting owner

Robertson Stephen

Relationship: Director
Address: 9320 LAKESIDE BLVD., STE 300, THE WOODLANDS
Signature: /s/ Heidi D. Lewis, as Attorney in Fact on behalf of Stephen Robertson
Signature date: 26 May 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

TH transaction

Common Stock, par value $0.0001 per share

Options Exercise

Transaction value
Shares: +20,950
Change %: +2.9%
Price
Shares after: 752,397
Date: 21 May 2026
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

TH transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -20,950
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 21 May 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 20,950
Exercise price
Footnotes: F1, F2

TH transaction Derivative

Restricted Stock Units

Award

Transaction value
Shares: +9,567
Change %
Price: $0.000000^*
Shares after: 9,567
Date: 21 May 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 9,567
Exercise price
Footnotes: F1, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote 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.

Footnote F2

On May 22, 2025, Mr. Robertson was granted 20,950 RSUs which vest in full on the first anniversary of the grant date or, if earlier, the date of the first annual meeting of the stockholders of the Issuer following the grant date, subject to the terms and conditions of the Target Hospitality Corp 2019 Incentive Award Plan, as amended (the "Plan") and the award agreements entered into between the Issuer and Mr. Robertson. Subject to certain exceptions, vested shares will be delivered upon separation of service from the BOD.

Footnote F3

On May 21, 2026, Mr. Robertson was granted 9,567 RSUs which vest in full on the first anniversary of the grant date or, if earlier, the date of the first annual meeting of the stockholders of the Issuer following the grant date, subject to the terms and conditions of the Plan and the award agreements entered into between the Issuer and Mr. Robertson. Subject to certain exceptions, vested shares will be delivered upon separation of service from the BOD.