Gary Lindsay - 18 May 2021 Form 4 Insider Report for Target Hospitality Corp. (TH)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
20 May 2021, 16:40:57 UTC
Next SEC filing
15 Jun 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Heidi D. Lewis, as Attorney-in-Fact on behalf of Gary Lindsay

Key filing fact

Gary Lindsay filed Form 4 for Target Hospitality Corp. (TH) on 20 May 2021.

Key facts

  • This page summarizes Gary Lindsay's Form 4 filing for Target Hospitality Corp. (TH).
  • 2 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 20 May 2021, 16:40.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • 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

Reported derivative securities

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

TH transaction Derivative

Restricted Stock Units

Award

Transaction value
$0
Shares
+38,462
Change %
Price
$0.000000
Shares after
38,462
Date
18 May 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
38,462
Exercise price
Footnotes
F1, F2
TH transaction Derivative

Restricted Stock Units

Other

Transaction value
$0
Shares
-38,462
Change %
-100%
Price
$0.000000*
Shares after
0
Date
18 May 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
38,462
Exercise price
Footnotes
F1, F2, 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 18, 2021, the Reporting Person was granted 38,462 restricted stock units 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 previously disclosed Target Hospitality Corp. 2019 Incentive Award Plan and the award agreement. Subject to certain exceptions, vested shares will be delivered upon separation of service from the Board of Directors of the Issuer.

Footnote F3

Immediately following the grant of the restricted stock units, Mr. Lindsay transferred the restricted stock units to Arrow Holdings S.a r.l ("Arrow"), which holds certain securities of Target Hospitality Corp. on behalf of TDR Capital II Holdings LP, the investment fund managed by TDR Capital LLP. Upon transfer to Arrow, the restricted stock units will vest in accordance with the same terms and conditions of the initial grant.

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